filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
Through the quarterly period covered by this report, there have been no material changes to the risk factors disclosed in Item 1A to Part I of Linde's Annual Report on Form 10-K for the year ended December 31, 2021.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Purchases of Equity Securities- Certain information regarding purchases made by or on behalf of the company or any affiliated purchaser (as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934, as amended) of its ordinary shares during the quarter ended March 31, 2022 is provided below:
| Period | Total Number of Shares Purchased (Thousands) | Average Price Paid Per Share | Total Numbers of Shares Purchased as Part of Publicly Announced Program (1,2) (Thousands) | Approximate Dollar Value of Shares that May Yet be Purchased Under the Program (1) (Millions) | |||||||||||||||||||
| January 2022 | 1,005 | $ | 325.25 | 1,005 | $ | 168 | |||||||||||||||||
| February 2022 | 554 | $ | 303.26 | 554 | $ | — | |||||||||||||||||
| March 2022 | 4,270 | $ | 294.39 | 4,270 | $ | 8,743 | |||||||||||||||||
| First Quarter 2022 | 5,829 | $ | 300.57 | 5,829 | $ | 8,743 |
(1) On January 25, 2021 the company's board of directors approved the repurchase of $5.0 billion of its ordinary shares ("2021 program") which could take place from time to time on the open market (and could include the use of 10b5-1 trading plans), subject to market and business conditions. The 2021 program has a maximum repurchase amount of 15% of outstanding shares, began on February 1, 2021, expires on July 31, 2023, and was fully utilized as of February 28, 2022.
(2) On February 28, 2022, the company's board of directors approved the repurchase of $10.0 billion of its ordinary shares ("2022 program") which could take place from time to time on the open market (and could include the use of 10b5-1 trading plans), subject to market and business conditions. The 2022 program has a maximum repurchase amount of 15% of outstanding shares, began on March 1, 2022 and expires on July 31, 2024.
As of March 31, 2022, the company repurchased $495 million and $1.3 billion of its ordinary shares pursuant to the 2021 and 2022 programs, respectively. As of March 31, 2022, $8.7 billion of share repurchases remain authorized under the 2022 program.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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