filings.toolsItem 1A. RISK FACTORS
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Item 1A. RISK FACTORS
There have been no material changes in the risk factors provided in Part I, Item 1A of our 2022 10-K.
AMERIPRISE FINANCIAL, INC.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table presents the information with respect to purchases made by or on behalf of Ameriprise Financial, Inc. or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934), of our common stock during the first quarter of 2023:
| Period | (a) | (b) | (c) | (d) | ||||||||||||||||||||||
| Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as part of Publicly Announced Plans or Programs (1) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1) | |||||||||||||||||||||||
| January 1 to January 31, 2023 | ||||||||||||||||||||||||||
| Share repurchase program (1) | 268,342 | $ | 331.65 | 268,342 | $ | 1,492,601,574 | ||||||||||||||||||||
| Employee transactions (2) | 223,547 | $ | 336.81 | N/A | N/A | |||||||||||||||||||||
| February 1 to February 28, 2023 | ||||||||||||||||||||||||||
| Share repurchase program (1) | 412,782 | $ | 349.14 | 412,782 | $ | 1,348,483,507 | ||||||||||||||||||||
| Employee transactions (2) | 206,320 | $ | 349.57 | N/A | N/A | |||||||||||||||||||||
| March 1 to March 31, 2023 | ||||||||||||||||||||||||||
| Share repurchase program (1) | 888,218 | $ | 307.43 | 888,218 | $ | 1,075,420,572 | ||||||||||||||||||||
| Employee transactions (2) | 9,600 | $ | 325.42 | N/A | N/A | |||||||||||||||||||||
| Totals | ||||||||||||||||||||||||||
| Share repurchase program (1) | 1,569,342 | $ | 322.54 | 1,569,342 | ||||||||||||||||||||||
| Employee transactions (2) | 439,467 | $ | 342.55 | N/A | ||||||||||||||||||||||
| 2,008,809 | 1,569,342 |
N/A Not applicable.
(1) In January 2022, our Board of Directors authorized an expenditure of up to $3.0 billion for the repurchase of our common stock through March 31, 2024. The share repurchase program does not require the purchase of any minimum number of shares, and depending on market conditions and other factors, these purchases may be commenced or suspended at any time without prior notice. Acquisitions under the share repurchase program may be made in the open market, through privately negotiated transactions or block trades or other means.
(2) Includes restricted shares withheld pursuant to the terms of awards under the Company’s share-based compensation plans to offset tax withholding obligations that occur upon vesting and release of restricted shares. The value of the restricted shares withheld is the closing price of common stock of Ameriprise Financial, Inc. on the date the relevant transaction occurs. Also includes shares withheld pursuant to the net settlement of Non-Qualified Stock Option (“NQSO”) exercises to offset tax withholding obligations that occur upon exercise and to cover the strike price of the NQSO. The value of the shares withheld pursuant to the net settlement of NQSO exercises is the closing price of common stock of Ameriprise Financial, Inc. on the day prior to the date the relevant transaction occurs.
AMERIPRISE FINANCIAL, INC.
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