ITT INC
For the period ended Jun 29, 2024. Filed Aug 1, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 29, 2024 · Filed Aug 1, 2024
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2024-03-30; filed 2024-05-02.
0000216228-24-000033
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresCurrent report: 10-Q
Period ended 2024-06-29; filed 2024-08-01.
0000216228-24-000055
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 10 previous paragraphs and 14 current paragraphs.
7 unchanged; 2 reworded; 5 added; 1 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (5)
Current report
Share repurchase activity during the three months ended June 29, 2024 is shown in the table below.
Current report
Purchases of equity securities by the issuer and affiliated purchasers
Current report
(1)Excludes shares withheld in settlement of employee tax withholding obligations due upon the vesting of restricted stock unit and performance stock unit awards.
Current report
(2)Average price paid per share is calculated on a settlement basis and excludes commissions.
Current report
(3)Amounts are in whole numbers.
Removed paragraphs (1)
Previous report
There were no open-market share repurchases during the three months ended March 30, 2024.
Reworded paragraphs (2)
Previous wording
On October 4, 2023, the Board of Directors approved an indefinite term $1,000 open-market share repurchase program (the 2023 Plan). Repurchases under this authorization will begin upon the completion of the 2019 Plan.
Current wording
On October 30, 2019, the Board of Directors approved an indefinite term $500 share repurchase program (the 2019 Plan). On October 4, 2023, the Board of Directors approved an indefinite term $1,000 open-market share repurchase program (the 2023 Plan).
Previous wording
On October 30, 2019, the Board of Directors approved an indefinite term $500 share repurchase program (the 2019 Plan). As of the three months ended March 30, 2024, there was $78.8 of remaining authorization left under the 2019 Plan.
Current wording
During the second quarter of 2024, we exhausted the remaining capacity under the 2019 Plan. As of June 29, 2024, there was $1,000 of remaining authorization under the 2023 Plan.