Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.20.4
Stockholders' Equity
 9 Months Ended
Nov. 30, 2020
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Common stock
The number of shares of common stock issued and treasury stock, and associated share activity, are as follows:
Common Stock Treasury Stock
Class A Class B Class 1 Class A Class B
Balance at February 29, 2020 186,090,745  28,300,206  1,692,227  18,256,826  5,005,800 
Conversion of shares 2,532  (2,532) —  —  — 
Exercise of stock options —  —  2,576  (44,593) — 
Vesting of restricted stock units (1)
—  —  —  (76,019) — 
Vesting of performance share units (1)
—  —  —  (17,335) — 
Balance at May 31, 2020 186,093,277  28,297,674  1,694,803  18,118,879  5,005,800 
Conversion of shares 684,808  (11,113) (673,695) —  — 
Exercise of stock options —  —  —  (781,075) — 
Employee stock purchases —  —  —  (32,867) — 
Vesting of restricted stock units (1)
—  —  —  (3,514) — 
Balance at August 31, 2020 186,778,085  28,286,561  1,021,108  17,301,423  5,005,800 
Common Stock Treasury Stock
Class A Class B Class 1 Class A Class B
Conversion of shares 417,966  (9,044) (408,922) —  — 
Exercise of stock options —  —  —  (110,717) — 
Vesting of restricted stock units (1)
—  —  —  (666) — 
Balance at November 30, 2020 187,196,051  28,277,517  612,186  17,190,040  5,005,800 
Balance at February 28, 2019 185,740,178  28,322,419  1,149,624  18,927,966  5,005,800 
Conversion of shares 133,667  (55) (133,612) —  — 
Exercise of stock options —  —  2,107  (173,725) — 
Vesting of restricted stock units (1)
—  —  —  (88,683) — 
Vesting of performance share units (1)
—  —  —  (29,015) — 
Cancellation of restricted shares —  —  —  444  — 
Balance at May 31, 2019 185,873,845  28,322,364  1,018,119  18,636,987  5,005,800 
Share repurchases —  —  —  265,593  — 
Conversion of shares 6,267  (543) (5,724) —  — 
Exercise of stock options —  —  —  (258,628) — 
Employee stock purchases —  —  —  (36,840) — 
Vesting of restricted stock units (1)
—  —  —  (2,148) — 
Balance at August 31, 2019 185,880,112  28,321,821  1,012,395  18,604,964  5,005,800 
Conversion of shares 191,233  (2,215) (189,018) —  — 
Exercise of stock options —  —  —  (38,154) — 
Vesting of restricted stock units (1)
—  —  —  (242) — 
Balance at November 30, 2019 186,071,345  28,319,606  823,377  18,566,568  5,005,800 
(1)    Net of the following shares withheld to satisfy tax withholding requirements:
For the Three
Months Ended
May 31,		 For the Three
Months Ended
August 31,		 For the Three
Months Ended
November 30,		 For the Nine
Months Ended
November 30,
2020
Restricted Stock Units 37,506  187  240  37,933 
Performance Share Units 9,433  —  —  9,433 
2019
Restricted Stock Units 48,562  1,176  94  49,832 
Performance Share Units 17,439  —  —  17,439 

Stock repurchases
In January 2018, our Board of Directors authorized the repurchase of up to $3.0 billion of our Class A Common Stock and Class B Convertible Common Stock (the “2018 Authorization”). The Board of Directors did not specify a date upon which this authorization would expire. Shares repurchased under the 2018 Authorization have become treasury shares.

As of November 30, 2020, total shares repurchased under the 2018 Authorizations are as follows:
Class A Common Shares
Repurchase
Authorization		 Dollar Value
of Shares
Repurchased		 Number of
Shares
Repurchased
(in millions, except share data)
2018 Authorization $ 3,000.0  $ 1,045.9  4,897,605
Subsequent event
In January 2021, our Board of Directors authorized the repurchase of up to $2.0 billion of our Class A Common Stock and Class B Convertible Common Stock (the “2021 Authorization”). The Board of Directors did not specify a date upon which this authorization would expire. No shares have been repurchased under the 2021 Authorization. Shares repurchased under the 2021 Authorization will become treasury shares.