Knight-Swift Transportation Holdings Inc
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
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FY2023 · Filed Feb 22, 2024
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Share Repurchase Plans
Note 20 —Share Repurchase Plans
On April 25, 2022, the Company announced that the Board approved the repurchase of up to $350.0 million of the Company's outstanding common stock (the "2022 Knight-Swift Share Repurchase Plan"). With the adoption of the 2022 Knight-Swift Share Repurchase Plan, the Company terminated the 2020 Knight-Swift Share Repurchase Plan, which had approximately $42.8 million of authorized purchases remaining upon termination.
The following table presents the Company's repurchases of its common stock under the respective share repurchase plans, excluding advisory fees:
| Share Repurchase Plan · 2023 · 2022 | |||||
|---|---|---|---|---|---|
| Board Approval Date | Authorized Amount | Shares | Amount | Shares | Amount |
| (in thousands) | |||||
| November 24, 2020 | $250,000 | — | — | 2,821 | 149,982 |
| April 19, 2022 1 | $350,000 | — | — | 3,180 | 149,959 |
| — | $— | 6,001 | $299,941 | ||
1$200.0 million remained available under the 2022 Knight-Swift Share Repurchase Plan as of December 31, 2023.
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