JABIL INC
For the period ended Nov 30, 2023. Filed Jan 9, 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.
Nov 30, 2023 · Filed Jan 9, 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 following table provides information relating to our repurchase of common stock, excluding excise tax, during the three months ended November 30, 2023:
| Period | Total Numberof SharesPurchased(1) | Average PricePaid per Share | Total Number ofShares Purchasedas Part of PubliclyAnnounced Program(2) | ApproximateDollar Value ofShares that MayYet Be PurchasedUnder the Program (in millions)(2) |
|---|---|---|---|---|
| September 1, 2023 – September 30, 2023 | — | $— | — | $2,500 |
| October 1, 2023 – October 31, 2023 | 3,875,386 | $128.39 | 3,349,358 | $2,000 |
| November 1, 2023 – November 30, 2023 | 538,380 | $128.61 | 538,380 | $2,000 |
| Total | 4,413,766 | $128.42 | 3,887,738 |
(1)The purchases include amounts that are attributable to 526,028 shares surrendered to us by employees to satisfy, in connection with the vesting of restricted stock unit awards, their tax withholding obligations.
(2)In September 2022, our Board of Directors authorized the repurchase of up to $1.0 billion of our common stock as publicly announced in a press release on September 27, 2022 (the “2023 Share Repurchase Program”). As of August 31, 2023, 2.7 million shares had been repurchased for $224 million, excluding excise tax. In September 2023, our Board of Directors amended and increased the 2023 Share Repurchase Program to allow for the repurchase of up to $2.5 billion of our common stock as publicly announced in a press release on September 28, 2023. As part of the 2023 Share Repurchase Program, we entered into an accelerated share repurchase (“ASR”) agreement with a bank in September 2023 to repurchase $500 million of our common stock. During the first quarter of 2024, the ASR transaction was completed, and 3.9 million shares were delivered under the ASR agreement at an average price of $128.61. The final number of shares delivered upon settlement of the ASR agreement was determined based on a discount to the volume weighted average price of our common stock during the term of the agreement.
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