filings.toolsItem 1A. RISK FACTORS
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Item 1A. RISK FACTORS
See Part I, Item 1A of our Annual Report on Form 10-K for the fiscal year ended January 28, 2024 for a description of the risks and uncertainties associated with our business. There were no material changes to such risk factors in the current quarterly reporting period.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information as of October 27, 2024 with respect to shares of common stock we repurchased during the third quarter of fiscal 2024 under the $1.0 billion stock repurchase program announced in March 2024 (the “March 2024 program”).
| Fiscal Period | Total Number of Shares Purchased 1 | Average Price Paid Per Share | Total Number of Shares Purchased as Part of a Publicly Announced Program 1 | Approximate Dollar Value of Shares That May Yet Be Purchased Under the Program | |||||||||||||||||||
| July 29, 2024 - August 25, 2024 | 1,450,334 | $ | 137.90 | 1,450,334 | $ | 626,397,000 | |||||||||||||||||
| August 26, 2024 - September 22, 2024 | 1,759,199 | $ | 132.94 | 1,759,199 | $ | 392,523,000 | |||||||||||||||||
| September 23, 2024 - October 27, 2024 | 719,958 | $ | 138.90 | 719,958 | $ | 292,523,000 | |||||||||||||||||
| Total | 3,929,491 | $ | 135.86 | 3,929,491 | $ | 292,523,000 |
1 Excludes shares withheld for employee taxes upon vesting of stock-based awards.
Additionally, in November 2024, we announced that in September 2024 our Board of Directors authorized a new $1.0 billion stock repurchase program (together with the March 2024 program, “our programs”), which will become effective once our March 2024 program is fully utilized. As of October 27, 2024, we had a total of $1.3 billion in stock repurchase authorization remaining under our programs. For additional information, please see Note G to our Condensed Consolidated Financial Statements within Part I of this Form 10-Q.
Stock repurchases under our programs may be made through open market and privately negotiated transactions at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, capital availability and other market conditions. The stock repurchase programs do not have an expiration date and may be limited or terminated at any time without prior notice.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
Not applicable.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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