filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
There were no material changes in the Company’s risk factors from the risks disclosed in the 2023 Form 10-K.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The following table summarizes the Company's stock repurchase activity for the three months ended March 31, 2024:
| Month | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Programs | Maximum Number of Shares That May Yet Be Purchased Under the Programs (1) | |||||||||||||||||||
| January 2024 | |||||||||||||||||||||||
| Repurchase program | — | $— | — | 7,162,444 | |||||||||||||||||||
| February 2024 | |||||||||||||||||||||||
| Repurchase program | — | $— | — | 7,134,117 | |||||||||||||||||||
| March 2024 | |||||||||||||||||||||||
| Repurchase program | 1,061,901 | $141.29 | 1,061,901 | 5,936,211 | |||||||||||||||||||
| Total quarter ended March 31, 2024 | |||||||||||||||||||||||
| Repurchase program | 1,061,901 | $141.29 | 1,061,901 | 5,936,211 |
(1)In December 2017, PPG's board of directors approved a $2.5 billion share repurchase program. The remaining shares yet to be purchased under the program have been calculated using PPG’s closing stock price on the last business day of the respective month. This repurchase program has no expiration date.
In addition to the Company’s share repurchase program authorized in December 2017, PPG’s Board of Directors authorized the repurchase of an additional $2.5 billion of outstanding common stock on April 18, 2024.
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