Fortune Brands Innovations, Inc.
For the period ended Mar 29, 2025. Filed May 7, 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 7, 2025
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Item 1A. RISK FACTORS
There have been no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 28, 2024.
Below are the repurchases of common stock by the Company or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act) for the thirteen weeks ended March 29, 2025:
Issuer Purchases of Equity Securities
| Thirteen Weeks Ended March 29, 2025 | Totalnumberof sharespurchased (a) | Averageprice paidper share | Total number ofshares purchasedas part of publiclyannounced plans or programs (a) | Maximum dollar amount that may yet be purchasedunder the plans or programs (a) |
|---|---|---|---|---|
| December 29 – January 25 | 1,069,474 | $70.13 | 1,069,474 | $409,394,932 |
| January 26 – February 22 | 660,570 | $68.12 | 660,570 | 955,000,565 |
| February 23 – March 29 | 857,084 | $64.17 | 857,084 | 900,000,096 |
| Total | 2,587,128 | $67.64 | 2,587,128 |
(a)
Information on the Company’s share repurchase program follows:
| Authorization date | Announcement date | Authorization amount of sharesof outstanding common stock | Expiration date | Termination Date |
|---|---|---|---|---|
| January 29, 2024 | January 29, 2024 | $650,000,000 | January 29, 2026 | February 4, 2025 |
| February 4, 2025 | February 6, 2025 | $1,000,000,000 | February 4, 2027 | N/A |
On February 6, 2025, the Company announced that on February 4, 2025, the Company's Board of Directors authorized the repurchase of up to $1 billion of shares of the Company’s outstanding common stock over the next two years on the open market or in privately negotiated transactions or otherwise (including pursuant to a Rule 10b5-1 trading plan, block trades and accelerated share repurchase transactions), which share repurchase authorization will expire on February 4, 2027, in accordance with applicable securities laws. The $1 billion share repurchase authorization replaced the then-existing authorization, effective on February 4, 2025, that otherwise would have expired on January 29, 2026.
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