WEYERHAEUSER CO
For the period ended Sep 30, 2024. Filed Oct 25, 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 30, 2024 · Filed Oct 25, 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
Issuer Purchases of Equity Securities
The following table provides information with respect to purchases of common stock made by the company during third quarter 2024:
| COMMON SHARE REPURCHASES DURING THIRD QUARTER 2024 | TOTAL NUMBEROF SHARESPURCHASED | AVERAGE PRICEPAID PER SHARE | TOTAL NUMBEROF SHARESPURCHASED ASPART OF PUBLICLYANNOUNCEDPROGRAMS | APPROXIMATEDOLLAR VALUEOF SHARES THATMAY YET BEPURCHASEDUNDER THEPROGRAMS |
|---|---|---|---|---|
| July 1 – July 31 | 293,051 | $29.33 | 293,051 | $143,852,342 |
| August 1 – August 31 | 279,733 | $30.72 | 279,733 | $135,258,589 |
| September 1 – September 30 | 247,922 | $32.12 | 247,922 | $127,296,096 |
| Total | 820,706 | $30.64 | 820,706 |
On September 22, 2021, we announced that our board had approved a new share repurchase program (the 2021 Repurchase Program) under which we are authorized to repurchase up to $1 billion of outstanding shares. Concurrently, the board terminated the remaining repurchase authorization under the 2019 Repurchase Program.
During third quarter 2024, we repurchased 820,706 shares for approximately $26 million (including transaction fees) under the 2021 Repurchase Program in open-market transactions. Transaction fees incurred for repurchases are not counted as use of funds authorized for repurchases under the 2021 Repurchase Program. As of September 30, 2024, we had remaining authorization of $127 million for future stock repurchases.
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