Meritor Acquisition and 2022 Financial Results
Table of Contents
The following information is provided pursuant to Item 703 of Regulation S-K:
Period
October October 31
November 1 - November 30
December 1
December 31
Total
Number of
Shares
Purchased (¹)
21,830
Issuer Purchases of Equity Securities
Average
Price Paid
per Share
206.12
Total Number of
Shares Purchased
as Part of Publicly
Announced
Plans or Programs
Approximate
Dollar Value of Shares
that May Yet Be
Purchased Under the
Plans or Programs
(in millions) (2)
21,830
2,218
2,218
2,218
Total
21,830
206.12
21,830
(1) Shares purchased represent shares under the Board authorized share repurchase program.
(2) Shares repurchased under our Key Employee Stock Investment Plan only occur in the event of a participant default, which cannot be predicted, and were excluded from this column.
In December 2021, the Board authorized the acquisition of up to $2.0 billion of additional common stock upon completion of the $2.0 billion repurchase plan authorized in
2019. During the three months ended December 31, 2022, we repurchased $4 million of common stock under the 2019 authorization. The dollar value remaining available for
future purchases under the 2019 program at December 31, 2022, was $218 million.
Our Key Employee Stock Investment Plan allows certain employees, other than officers, to purchase shares of common stock on an installment basis up to an established credit
limit. We hold participants' shares as security for the loans and would, in effect, repurchase shares only if the participant defaulted in repayment of the loan. Shares associated
with participants' sales are sold as open-market transactions via a third-party broker.
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