UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: The following table summarizes the Company's stock repurchase activity for the three months ended June 30, 2021:
+Added: The following table summarizes the Company's stock repurchase activity for the three months ended September 30, 2021:
Issuer Purchases of Common Stock
In millions, except shares 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 (1) Maximum Dollar Value of Shares That May Yet Be Purchased Under the Programs (1)
−Removed: April 2021 — $ — — $ 499.4
−Removed: May 2021 — $ — — $ 499.4
−Removed: June 2021 — $ — — $ 499.4
−Removed: Total quarter ended June 30, 2021 — $ — — $ 499.4
+Added: July 2021 — $ — — $ 499.4
+Added: August 2021 2,265,103 $ 87.89 2,265,103 $ 300.3
+Added: September 2021 — $ — — $ 300.3
+Added: Total quarter ended September 30, 2021 2,265,103 $ — 2,265,103 $ 300.3
(1) On February 11, 2021, the Board of Directors increased its stock repurchase authorization such that the Company has $500 million available for stock repurchases of the Company’s outstanding shares.
This new stock repurchase authorization supersedes the previous authorization of $500 million of which about $292.2 million remained.
−Removed: No time limit was set for the completion of the program which conforms to the requirements under the Senior Credit Facility, the 364 Day Facility (which has since been retired) and the Senior Notes currently outstanding.
+Added: No time limit was set for the completion of the program which conforms to the requirements under the Senior Credit Facility and the Senior Notes currently outstanding.
The Company may repurchase shares in the future at any time, depending upon market conditions, our capital needs and other factors.
3 unchanged sentences
The following exhibits are being filed with this report:
−Removed: 4.1 Base Indenture, dated as of June 3, 2021, among Wabtec Transportation Netherlands B.V, as issuer, Westinghouse Air Brake Technologies Corporation, as guarantor, and U.S.
−Removed: Bank National Association, as trustee.
−Removed: (incorporated by reference to Exhibit 4.1 to the Current Report on Form 8-K filed on June 3, 2021)
−Removed: 4.2 First Supplemental Indenture, dated as of June 3, 2021, among Wabtec Transportation Netherlands B.V, as issuer, Westinghouse Air Brake Technologies Corporation, as guarantor, and U.S.
−Removed: Bank National Association, as trustee (incorporated by reference to Exhibit 4.2 to the Current Report on Form 8-K filed on June 3, 2021)
−Removed: 4.3 Form of 1.250% Notes due 2027 (included in Exhibit 4.2 hereof)
−Removed: 10.1 Second Amendment to Credit Agreement, dated as of April 22, 2021, among Westinghouse Air Brake Technologies Corporation, Wabtec Netherlands B.V.
−Removed: and the other borrowing subsidiaries party thereto, the lenders party thereto and PNC Bank, National Association, as Administrative Agent (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed on April 28, 2021)
+Added: 10.1 Employment Continuation Agreement of John A.
+Added: Olin dated as of September 14, 2021
+Added: 10.2 Transition Agreement of Patrick A.
+Added: Dugan dated as of September 9, 2021
22.1 List of Subsidiary Guarantors
11 unchanged sentences
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORPORATION
−Removed: /s/ PATRICK D.
Executive Vice President and
1 unchanged sentence
(Duly Authorized Officer and Principal Financial Officer)
−Removed: July 29, 2021
+Added: October 27, 2021
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.