WATERS CORP DE
For the period ended Mar 30, 2024. Filed May 7, 2024.
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Mar 30, 2024 · Filed May 7, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Purchases of Equity Securities by the Issuer
In January 2019, the Company’s Board of Directors authorized the Company to repurchase up to $4 billion of its outstanding common stock in open market or private transactions over atwo-year period. This program replaced the remaining amounts available under thepre-existing authorization. In December 2020, the Company’s Board of Directors authorized the extension of the share repurchase program through January 21, 2023. In December 2022, the Company’s Board of Directors amended and extended this repurchase program’s term by one year such that it expired on January 21, 2024 and increased the total authorization level to $4.8 billion, an increase of $750 million. In December 2023, the Company’s Board of Directors authorized the extension of the share repurchase program through January 21, 2025. As of March 30, 2024, the Company had repurchased an aggregate of 15.2 million shares at a cost of $3.8 billion under the January 2019 repurchase program and had a total of $1.0 billion authorized for future repurchases. The size and timing of these purchases, if any, will depend on our stock price and market and business conditions, as well as other factors.
| Period | Total Numberof SharesPurchased (1) | AveragePrice Paidper Share | Total Number ofSharesPurchased asPart of PubliclyAnnouncedPrograms | Maximum DollarValue of SharesThat May Yet BePurchased Underthe Programs |
|---|---|---|---|---|
| January 1, 2024 to January 27, 2024 | — | $— | — | $961,207 |
| January 28, 2024 to February 24, 2024 | 9 | $329.26 | — | $961,207 |
| February 25, 2024 to March 30, 2024 | 30 | $335.87 | — | $961,207 |
| Total | 39 | $334.34 | — | $961,207 |
| (1) | The Company repurchased approximately 39,000 shares of common stock at a cost of $13 million related to the vesting of restricted stock during the three months ended March 30, 2024. |
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