Fortive Corp
For the period ended Jun 28, 2024. Filed Jul 24, 2024.
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Jun 28, 2024 · Filed Jul 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
On February 17, 2022, the Company’s Board of Directors approved a share repurchase program authorizing the Company to repurchase up to 20 million shares of the Company’s outstanding common stock from time to time on the open market or in privately negotiated transactions. On January 23, 2024, the Company’s Board of Directors increased the number of shares authorized under the share repurchase program by an additional 11 million shares, with 18 million shares remaining authorized under the share repurchase program as of June 28, 2024. There is no expiration date for the repurchase program, and the timing and amount of repurchases under the program are determined by the Company’s management based on market conditions and other factors. The repurchase program may be suspended or discontinued at any time by the Board of Directors. During the fiscal quarter ended June 28, 2024, the Company purchased 2 million shares of its common stock at an average share price of $76.43.
The following table provides details about our share repurchases during the fiscal quarter ended June 28, 2024.
| Period | Total numberof shares(or units)purchased | Average pricepaid per share(or unit) | Total numberof shares (or units)purchasedas part of publiclyannounced plans orprograms | Maximum number(or approximate dollarvalue) of shares(or units) that may yet bepurchased under theplans or programs |
|---|---|---|---|---|
| March 30 - April 29 | — | $— | N/A | N/A |
| April 30 - May 29 | 2,000,000 | 76.43 | 2,000,000 | 18,000,000 |
| May 30 - June 28 | — | — | N/A | N/A |
| Total | 2,000,000 | $76.43 | 2,000,000 | 18,000,000 |
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