Paycom Software Inc
For the period ended Jun 30, 2024. Filed Aug 1, 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.
Jun 30, 2024 · Filed Aug 1, 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
The number of shares of common stock repurchased by us during the three months ended June 30, 2024 is set forth below.
| Total Number of Shares Purchased | Average Price Paid per Share(2) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(1) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs(1)(2) | |
|---|---|---|---|---|
| April 1 - 30, 2024(3) | 11,200 | $193.73 | 11,200 | $793,866,000 |
| May 1 - 31, 2024(4) | 242,518 | $172.96 | 242,518 | $751,920,000 |
| June 1 - 30, 2024(5) | 320,025 | $143.72 | 320,025 | $705,926,000 |
| Total | 573,743 | 573,743 |
(1)
Pursuant to a stock repurchase plan announced on November 20, 2018, we were authorized to purchase (in the aggregate) up to $150.0 million of our common stock in open market purchases, privately negotiated transactions or by other means. On May 13, 2021, we announced that our Board of Directors increased the availability under the existing stock repurchase plan to $300.0 million and extended the expiration date to May 13, 2023. On June 7, 2022, we announced that our Board of Directors increased the availability under the existing stock repurchase plan to $550.0 million and extended the expiration date to June 7, 2024. On August 15, 2022, we announced that our Board of Directors increased the availability under the existing stock repurchase plan to $1.1 billion and extended the expiration date to August 15, 2024. On July 29, 2024, we announced that our Board of Directors increased the availability under the existing stock repurchase plan to $1.5 billion and extended the expiration date to August 15, 2026.
(2)
Exclusive of the impact of the one-percent excise tax under the Inflation Reduction Act of 2022.
(3)
Consists of shares withheld to satisfy tax withholding for certain employees upon the vesting of equity incentive awards.
(4)
Includes 40,718 shares withheld to satisfy tax withholding for certain employees upon the vesting of equity incentive awards.
(5)
Includes 883 shares withheld to satisfy tax withholding for certain employees upon the vesting of equity incentive awards.
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