filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
For a discussion of our risk factors, see the section entitled “Risk Factors” in our 2023 Annual Report on Form 10-K.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Recent Sales of Unregistered Securities
None
Issuer Purchases of Equity Securities
We made the following share repurchases during the first quarter of fiscal 2024:
| ISSUER PURCHASES OF EQUITY SECURITIES | |||||||||||||||||||||||
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs | |||||||||||||||||||
| Month #1 | |||||||||||||||||||||||
| July 2 - July 29 | 292,233 | $ | 74.37 | 292,233 | — | ||||||||||||||||||
| Month #2 | |||||||||||||||||||||||
| July 30 - August 26 | 593,685 | 73.18 | 593,685 | — | |||||||||||||||||||
| Month #3 | |||||||||||||||||||||||
| August 27 - September 30 | 497,029 | 69.96 | 497,029 | — | |||||||||||||||||||
| Totals | 1,382,947 | $ | 72.28 | 1,382,947 | — |
| (1) | The total number of shares purchased includes no shares tendered by individuals in connection with stock option exercises in Month #1, Month #2 or Month #3. | ||||
| (2) | See the discussion in Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources – Equity Transactions” for additional information regarding Sysco’s share repurchase program. |
In May 2021, our Board of Directors approved a share repurchase program to authorize the repurchase of up to $5.0 billion of the company’s common stock, which will remain available until fully utilized.
We repurchased 1,382,947 shares for $100.0 million during fiscal 2024. As of September 30, 2023, we had a remaining authorization of approximately $3.9 billion. We purchased 319,375 additional shares under our authorization through October 13, 2023.
Item 3. Defaults Upon Senior Securities
None
Item 4. Mine Safety Disclosures
Not applicable
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