Builders FirstSource Inc
For the period ended Jun 30, 2024. Filed Aug 6, 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 6, 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
Company Stock Repurchases
The following table provides information with respect to the purchases of our common stock during the second quarter of fiscal year 2024:
| Period | Total Number of Shares Purchased | Average Price Paid per Share (including applicable fees and taxes) | 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) |
|---|---|---|---|---|
| April 1, 2024 — April 30, 2024 | 271,732 | $186.84 | 162,171 | $949,603,458 |
| May 1, 2024 — May 31, 2024 | 5,677,939 | 169.43 | 5,658,665 | — |
| June 1, 2024 — June 30, 2024 | 883 | 149.55 | — | — |
| Total | 5,950,554 | $170.22 | 5,820,836 | $— |
(1)
On February 22, 2024, the Company announced that its board of directors authorized the repurchase of $1.0 billion of its shares of common stock, inclusive of the outstanding $0.2 billion remaining outstanding in the prior share repurchase plan authorized in April 2023.
In the second quarter of 2024, 5.8 million shares were repurchased and retired pursuant to share repurchase programs authorized by our board of directors, which completed the Company’s previously authorized share repurchase program. On August 5, 2024, the Company’s board of directors authorized a new repurchase plan of up to $1.0 billion of the Company’s outstanding shares of common stock. The remaining 129,718 shares presented in the table above represent stock tendered in order to meet tax withholding requirements for restricted stock units vested. Share repurchases under active repurchase programs may be made through a variety of methods, which may include open market purchases, block trades, accelerated share repurchases, trading plans in accordance with Rule 10b-5 or Rule 10b-18 under the Exchange Act, or any combination of such methods. The repurchase programs do not obligate the Company to acquire any particular amount of its common stock and may be suspended or discontinued at any time at the Company’s discretion.
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