WILLIAMS SONOMA INC
For the period ended Apr 28, 2024. Filed May 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.
Apr 28, 2024 · Filed May 24, 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
In March 2024, our Board of Directors authorized a new stock repurchase program for $1.0 billion, which replaced our existing program.
The following table provides information as of April 28, 2024 with respect to shares of common stock we repurchased during the first quarter of fiscal 2024. For additional information, please see Note G to our Condensed Consolidated Financial Statements within Part I of this Form 10-Q.
| Fiscal Period | Total Number of Shares Purchased 1 | Average Price Paid Per Share | Total Number of Shares Purchased as Part of a Publicly Announced Program 1 | Maximum Dollar Value of Shares That May Yet Be Purchased Under the Program |
|---|---|---|---|---|
| January 29, 2024 - February 25, 2024 | — | $— | — | $686,999,000 |
| February 26, 2024 - March 24, 2024 | 39,629 | $279.92 | 39,629 | $988,907,000 |
| March 25, 2024 - April 28, 2024 | 117,270 | $278.75 | 117,270 | $956,219,000 |
| Total | 156,899 | $279.04 | 156,899 | $956,219,000 |
1 Excludes shares withheld for employee taxes upon vesting of stock-based awards.
Stock repurchases under our program may be made through open market and privately negotiated transactions at times and in such amounts as management deems appropriate. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, capital availability and other market conditions. The stock repurchase program does not have an expiration date and may be limited or terminated at any time without prior notice.
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