ITT INC.
For the period ended Mar 29, 2025. Filed May 1, 2025.
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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.
Mar 29, 2025 · Filed May 1, 2025
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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 4, 2023, the Board of Directors approved an indefinite term $1,000 open-market share repurchase program (the 2023 Plan).
As of March 29, 2025, there was $875 of remaining capacity under the 2023 Plan.
Share repurchase activity during the three months ended March 29, 2025 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) |
|---|---|---|---|---|
| 1/1/2025 - 1/25/2025 | — | $— | — | $975 |
| 1/26/2025 - 2/22/2025 | 325,398 | $146.47 | 325,398 | $927 |
| 2/23/2025 - 3/29/2025 | 366,586 | $141.57 | 366,586 | $875 |
(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.
Subsequent to the quarter ending March 29, 2025 and through the filing of this Quarterly Report on Form 10-Q, the Company has repurchased and retired 2.3 shares for $300.0 under the 2023 share repurchase program.
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