ITT INC
For the period ended Sep 28, 2024. Filed Oct 29, 2024.
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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.
Sep 28, 2024 · Filed Oct 29, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
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).
During the second quarter of 2024, we exhausted the remaining capacity under the 2019 Plan. As of September 28, 2024, there was $975 of remaining capacity under the 2023 Plan.
Share repurchase activity during the three months ended September 28, 2024 is shown in the table below.
Purchases of equity securities by the issuer and affiliated purchasers
| PERIOD | TOTALNUMBEROF SHARESPURCHASED(1)(3) | AVERAGEPRICEPAIDPER SHARE(2) | TOTAL NUMBER OF SHARES PURCHASED AS PART OF PUBLICLY ANNOUNCED PLANS OR PROGRAMS(3) | APPROXIMATE DOLLAR VALUE OF SHARES THAT MAY YET BE PURCHASED UNDER THE PLANS OR PROGRAMS (IN MILLIONS) |
|---|---|---|---|---|
| 6/30/2024 - 7/27/2024 | 1,323 | $128.21 | — | $1,000 |
| 7/28/2024 - 8/24/2024 | 464 | $134.93 | — | $1,000 |
| 8/25/2024 - 9/28/2024 | 182,826 | $136.76 | 182,826 | $975 |
(1)Excludes shares withheld in settlement of employee tax withholding obligations due upon the vesting of restricted stock unit and performance stock unit awards.
(2)Average price paid per share is calculated on a settlement basis and excludes commissions.
(3)Amounts are in whole numbers.
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