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 September 30, 2022:
+Added: The following table summarizes the Company's stock repurchase activity for the three months ended March 31, 2023:
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: July 2022 11,214 $ 81.73 11,214 $ 395
−Removed: August 2022 — $ — — $ 395
−Removed: September 2022 — $ — — $ 395
−Removed: Total quarter ended September 30, 2022 11,214 $ 81.73 11,214 $ 395
−Removed: (1) On February 10, 2022, the Board of Directors increased its stock repurchase authorization to increase the amount available for stock repurchases to $750 million of the Company’s outstanding shares.
−Removed: This new stock repurchase authorization superseded the previous authorization of $500 million, of which approximately $155 million remained at the reauthorization date.
−Removed: 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.
+Added: January 2023 545,838 $ 101.82 545,838 $ 267
+Added: February 2023 527,095 $ 104.13 527,095 $ 729
+Added: March 2023 656,689 $ 100.98 656,689 $ 663
+Added: Total quarter ended March 31, 2023 1,729,622 $ 102.20 1,729,622 $ 663
+Added: (1) On February 14, 2023, the Board of Directors reauthorized its stock repurchase program to refresh the amount available for stock repurchases to $750 million of the Company’s outstanding shares.
+Added: This new stock repurchase authorization supersedes the previous authorization of $750 million, of which approximately $232 million remained at the reauthorization date.
+Added: No time limit was set for the completion of the program which conforms to the requirements under the Restated Credit Agreement and the indentures for 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.
Purchases of shares may be made by open market purchases or privately negotiated purchases and may be made pursuant to Rule 10b5-1 plan or otherwise.
−Removed: As of September 30, 2022, approximately $395 million was remaining under the stock repurchase plan.
+Added: As of March 31, 2023, approximately $663 million was remaining under the stock repurchase plan.
MINE SAFETY DISCLOSURES
1 unchanged sentence
The following exhibits are being filed with this report:
−Removed: 10.1 Amendment and Restatement Agreement, dated as of August 15, 2022, among Westinghouse Air Brake Technologies Corporation, Wabtec Transportation Netherlands BV, the other loan parties hereto, the lenders party thereto, the issuing banks thereto, the swingline lender and PNC Bank, National Association as administrative agent (including the Amended and Restated Credit Agreement, as Annex I thereto).
+Added: 3.1 Amended and Restated Bylaws of Westinghouse Air Brake Technologies Corporation (as am ended on February 10, 2023) (incorporated by reference to the Current Report on Form 8-K filed February 14, 2023)
22.1 List of Subsidiary Guarantors
3 unchanged sentences
101.INS XBRL Instance Document.
−Removed: 101.SCH XBRL Taxonomy Extension Schema Document.
−Removed: 101.CAL XBRL Taxonomy Extension Calculation Linkbase Document.
−Removed: 101.DEF XBRL Taxonomy Extension Definition Linkbase Document.
−Removed: 101.LAB XBRL Taxonomy Extension Label Linkbase Document.
−Removed: 101.PRE XBRL Taxonomy Extension Presentation Linkbase Document.
+Added: 101.SCH Inline XBRL Taxonomy Extension Schema Document.
+Added: 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document.
+Added: 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document.
+Added: 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document.
+Added: 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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(Duly Authorized Officer and Principal Financial Officer)
−Removed: November 1, 2022
+Added: April 26, 2023
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.