Travel & Leisure Co.
For the period ended Sep 30, 2024. Filed Oct 23, 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.
Sep 30, 2024 · Filed Oct 23, 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 September 30, 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) |
|---|---|---|---|---|
| July 2024 (July 1-31) | 381,642 | $46.11 | 381,642 | $561,287,962 |
| August 2024 (August 1-31) | — | $— | — | $561,287,962 |
| September 2024 (September 1-30) | 1,201,458 | $43.63 | 1,201,458 | $508,870,412 |
| Total (b) | 1,583,100 | $44.23 | 1,583,100 | $508,870,412 |
(a)Proceeds received from stock option exercises increase repurchase capacity under the plan.
(b)Includes 63,453 shares purchased for which the trade date occurred in September 2024 while settlement occurred in October 2024.
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 10 times, most recently in May 2024 by $500 million, bringing the total authorization under the current program to $7.0 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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