Travel & Leisure Co.
For the period ended Mar 31, 2024. Filed Apr 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.
Mar 31, 2024 · Filed Apr 24, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
(c) Below is a summary of our common stock repurchases by month for the quarter ended March 31, 2024:
ISSUER PURCHASES OF EQUITY SECURITIES
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plan | Approximate Dollar Value of Shares that May Yet Be Purchased Under Plan (a) |
|---|---|---|---|---|
| January 2024 (January 1-31) | 439,240 | $39.87 | 439,240 | $152,838,652 |
| February 2024 (February 1-29) | 185,154 | $40.54 | 185,154 | $145,463,345 |
| March 2024 (March 1-31) | — | $— | — | $145,586,465 |
| Total | 624,394 | $40.07 | 624,394 | $145,586,465 |
(a)Proceeds received from stock option exercises increase repurchase capacity under the plan.
On August 20, 2007, our Board of Directors authorized the repurchase of our common stock (the “Share Repurchase Program”). Under the Share Repurchase Program, we are authorized to repurchase shares through open market purchases, privately-negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act. The Share Repurchase Program has no time limit and may be suspended or discontinued completely at any time. The Board of Directors has since increased the capacity of the Share Repurchase Program nine times, most recently in April 2022 by $500 million, bringing the total authorization under the current program to $6.5 billion. See the “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Share Repurchase Program” section for further information on the Share Repurchase Program.
For a description of limitations on the payment of our dividends, see the “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Dividends.”
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