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, 2022.
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, 2023 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 2023 | 358 | $ | 325.21 | 358 | $ | 5,252 | |||||||||||||||||
| February 2023 | 2,136 | $ | 326.37 | 2,136 | $ | 4,555 | |||||||||||||||||
| March 2023 | 219 | $ | 348.26 | 219 | $ | 4,479 | |||||||||||||||||
| First Quarter 2023 | 2,713 | $ | 327.99 | 2,713 | $ | 4,479 |
(1) 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, 2023, the company repurchased $5.5 billion of its ordinary shares pursuant to the 2022 program. As of March 31, 2023, $4.5 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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