12 unchanged sentences
Period Total Number of Shares Purchased (1)
−Removed: Average Price Paid Per Share (1)
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
+Added: Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (2)
−Removed: October 1, 2023 - October 28, 2023 — $ — — $ —
+Added: September 29, 2024 - October 26, 2024 — $ — — $ 61,082,928
October 27, 2024 - November 30, 2024 — — — 61,082,928
−Removed: November 26, 2023 - December 30, 2023 78,801 $ 193.51 78,801 125,000,000
+Added: December 1, 2024 - December 28, 2024 551,325 $ 328.54 551,325 311,082,928
Total 551,325 $ 328.54 551,325 $ 311,082,928
−Removed: (1) On August 23, 2023, the Company entered into an accelerated share repurchase agreement (the “ASR Agreement”) with a third-party financial institution to repurchase $125.0 million of the Company’s common stock.
−Removed: Pursuant to the terms of the ASR Agreement, the Company paid the financial institution $125.0 million and, on August 25, 2023, the Company received and retired 567,151 shares of its common stock.
−Removed: Final settlement of the ASR Agreement occurred on December 21, 2023, and the Company received and retired an additional 78,801 shares of common stock.
−Removed: In connection with the ASR Agreement, the Company received and retired a total of 645,952 shares of common stock at an average share price of $193.51.
−Removed: The total number of shares repurchased under the ASR Agreement was based on a daily volume-weighted average share price during the valuation period specified in the ASR Agreement, less a discount and subject to adjustments.
−Removed: (2) On August 16, 2023, the Company’s Board of Directors approved a new share repurchase program with authorization to purchase up to $250.0 million of its outstanding shares of common stock (the “Share Repurchase Authorization”).
−Removed: As of December 30, 2023, $125.0 million remained available under the Share Repurchase Authorization.
+Added: (1) On December 9, 2024, the Company entered into an accelerated share repurchase agreement (the “ASR Agreement”) with a third-party financial institution to repurchase $250.0 million of the Company’s common stock under its Share Repurchase Program (as defined in note (2) below).
+Added: Pursuant to the terms of the ASR Agreement, during the fiscal fourth quarter of 2024 the Company made an initial payment to the financial institution of $250.0 million in cash and received and retired 551,325 shares of its common stock, representing an estimated 75% of the total shares expected to be delivered under the ASR Agreement, based on the closing price on the date of initial delivery of $328.54.
+Added: The delivery of any remaining shares will occur at the final settlement of the transactions under the ASR Agreement, which is scheduled to occur in the fiscal first quarter of 2025.
+Added: (2) On December 5, 2024, the Company’s board of directors authorized the repurchase of up to an additional $500.0 million of its outstanding shares of common stock under its existing share repurchase program (the “Share Repurchase Program”).
+Added: The authorization for the repurchase continues until all such shares have been repurchased or the repurchase plan is terminated by action of our board of directors.
+Added: As of December 28, 2024, $311.1 million remained available under the Share Repurchase Program.
Performance Graph
6 unchanged sentences
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.