UNITED RENTALS INC
For the period ended Jun 30, 2024. Filed Jul 24, 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 Jul 24, 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 about purchases of Holdings’ common stock by Holdings during the second quarter of 2024:
| Period · Total Number ofShares Purchased · Average PricePaid Per Share · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) · Maximum Dollar Amount of Shares That May Yet Be Purchased Under the Program (2) | |||||
|---|---|---|---|---|---|
| April 1, 2024 to April 30, 2024 | 263,595 | (1) | $665.00 | 263,183 | |
| May 1, 2024 to May 31, 2024 | 143,180 | (1) | $676.63 | 142,499 | |
| June 1, 2024 to June 30, 2024 | 163,701 | (1) | $634.80 | 163,189 | |
| Total | 570,476 | $659.25 | 568,871 | $999,999,872 | |
(1)In April 2024, May 2024 and June 2024, 412, 681 and 512 shares, respectively, were withheld by Holdings to satisfy tax withholding obligations upon the vesting of restricted stock unit awards. These shares were not acquired pursuant to any repurchase plan or program.
(2)On January 24, 2024, our Board of Directors authorized a $1.5 billion share repurchase program, and repurchases under this program began in March 2024. We intend to repurchase a total of $1.25 billion under this program in 2024, and then complete the program by the end of the first quarter of 2025. A 1 percent excise tax is imposed on “net repurchases” (certain purchases minus certain issuances) of common stock. The repurchases above (as well as the total program size and expected 2024 repurchases) do not include the excise tax, which totaled $7 million year-to-date through June 30, 2024.
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