1 unchanged sentence
Share Repurchase Programs
−Removed: On November 2, 2022, our Board of Directors approved a share repurchase program (“Original Share Repurchase Program”) under which the Company was authorized to repurchase up to $500 million of its outstanding common stock.
−Removed: On June 1, 2024, the Board approved, and on June 5, 2024, the Company announced, an increase in the amount of common stock that could be purchased under the Original Share Repurchase Program to $1 billion (“Amended Share Repurchase Program”).
−Removed: As of March 29, 2025, there was approximately $52 million in remaining funds authorized under the Amended Share Repurchase Program.
−Removed: For the 13 weeks ended March 29, 2025, the Company repurchased 328,000 shares at an aggregate purchase price of approximately $23 million under the Amended Share Repurchase Program.
−Removed: The following table summarizes repurchases of US Foods common stock for the 13 weeks ended March 29, 2025:
+Added: On November 2, 2022, our Board of Directors approved a share repurchase program (“2022 Share Repurchase Program”) under which the Company was authorized to repurchase up to $500 million of its outstanding common stock.
+Added: On June 1, 2024, the Board approved, and on June 5, 2024, the Company announced, an increase in the amount of common stock that could be purchased under the 2022 Share Repurchase Program to $1 billion (collectively, the “Original Share Repurchase Program”).
+Added: On May 7, 2025, the Board of Directors approved, and on May 8, 2025, the Company announced, a new share repurchase program (“New Share Repurchase Program”) under which the Company is authorized to repurchase up to an additional $1 billion of its outstanding common stock.
+Added: As of June 28, 2025, there were no remaining funds authorized under the Original Share Repurchase Program and approximately $802 million in remaining funds authorized under the New Share Repurchase Program.
+Added: For the 13 weeks ended June 28, 2025, the Company repurchased 701,813 shares at an aggregate purchase price of approximately $52 million under the Original Share Repurchase Program inclusive of fees, commissions, and the related 1% excise tax, and 2,527,678 shares at an aggregate purchase price of approximately $198 million under the New Share Repurchase Program inclusive of fees, commissions, and the related 1% excise tax.
+Added: For the 26 weeks ended June 28, 2025, the Company repurchased 1,029,813 shares at an aggregate purchase price of approximately $75 million under the Original Share Repurchase Program inclusive of fees, commissions, and the related 1% excise tax, and 2,527,678 shares at an aggregate purchase price of approximately $198 million under the New Share Repurchase Program inclusive of fees, commissions, and the related 1% excise tax.
+Added: The following table summarizes repurchases of US Foods common stock for the three periods ended June 28, 2025:
Period (Millions of dollars, except number and price per share) Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Programs
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs (1)
−Removed: December 29, 2024 through February 1, 2025 328,000 $ 70.31 328,000 $ 52
−Removed: February 2, 2025 through March 1, 2025 — — — 52
−Removed: March 2, 2025 through March 29, 2025 — — — 52
+Added: March 30, 2025 through May 3, 2025 — $ — — $ 52
+Added: May 4, 2025 through May 31, 2025 2,448,152 76.78 2,448,152 864
+Added: June 1, 2025 through June 28, 2025 781,339 79.35 781,339 802
3,229,491 $ 77.40 3,229,491
(1) The size and timing of any repurchases will depend on a number of factors, including share price, general business and market conditions and other factors.
−Removed: Under the Amended Share Repurchase Program, repurchases can be made from time to time using a variety of methods, including open market purchases, privately negotiated transactions, accelerated share repurchases and Rule 10b5-1 trading plans.
−Removed: The Amended Share Repurchase Program does not obligate the Company to acquire any particular amount of shares, and the Amended Share Repurchase Program may be suspended or discontinued at any time at the Company’s discretion.
−Removed: The Amended Share Repurchase Program does not have an expiration date.
−Removed: On May 7, 2025, the Board authorized a new share repurchase program of up to $1 billion.
+Added: Under the New Share Repurchase Program, repurchases can be made from time to time using a variety of methods, including open market purchases, privately negotiated transactions, accelerated share repurchases and Rule 10b5-1 trading plans.
+Added: The New Share Repurchase Program does not obligate the Company to acquire any particular amount of shares, and the New Share Repurchase Program may be suspended or discontinued at any time at the Company’s discretion.
+Added: The New Share Repurchase Program does not have an expiration date.
Defaults Upon Senior Securities
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.