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 June 30, 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) | |||||||||||||||||||
| April 2024 | |||||||||||||||||||||||
| Repurchase program | — | $— | — | 26,047,728 | |||||||||||||||||||
| May 2024 | |||||||||||||||||||||||
| Repurchase program | 563,558 | $132.95 | 563,558 | 24,999,862 | |||||||||||||||||||
| June 2024 | |||||||||||||||||||||||
| Repurchase program | 582,408 | $128.60 | 582,408 | 25,501,109 | |||||||||||||||||||
| Total quarter ended June 30, 2024 | |||||||||||||||||||||||
| Repurchase program | 1,145,966 | $130.74 | 1,145,966 | 25,501,109 |
(1)In December 2017, PPG's Board of Directors approved a $2.5 billion share repurchase program. In April 2024, PPG's Board of Directors authorized the repurchase of an additional $2.5 billion of outstanding common stock. The remaining shares yet to be purchased under the share repurchase programs have been calculated using PPG’s closing stock price on the last business day of the respective month. The repurchase programs do not have an expiration date.
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