Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.22.2.2
Stockholders' Equity (Tables)
6 Months Ended
Aug. 31, 2022
Equity [Abstract]  
Number of shares of common stock issued and treasury stock, and associated share activity
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 (1)
Balance at February 28, 2022 187,263,859  28,212,340  2,248,679  22,824,607  5,005,800 
Share repurchases —  —  —  4,065,508  — 
Conversion of shares 655  (655) —  —  — 
Exercise of stock options —  —  35  (108,228) — 
Vesting of restricted stock units (2)
—  —  —  (71,064) — 
Vesting of performance share units (2)
—  —  —  (16,326) — 
Balance at May 31, 2022 187,264,514  28,211,685  2,248,714  26,694,497  5,005,800 
Share repurchases —  —  —  1,652,445  — 
Conversion of shares 2,196,749  —  (2,196,749) —  — 
Exercise of stock options —  —  —  (75,482) — 
Employee stock purchases —  —  —  (27,514) — 
Vesting of restricted stock units (2)
—  —  —  (4,851) — 
Balance at August 31, 2022 189,461,263  28,211,685  51,965  28,239,095  5,005,800 
Balance at February 28, 2021 187,204,280  28,270,288  612,936  17,070,550  5,005,800 
Share repurchases —  —  —  1,696,722  — 
Conversion of shares 43,441  (42,810) (631) —  — 
Exercise of stock options —  —  781  (116,058) — 
Vesting of restricted stock units (2)
—  —  —  (66,157) — 
Vesting of performance share units (2)
—  —  —  (7,934) — 
Balance at May 31, 2021 187,247,721  28,227,478  613,086  18,577,123  5,005,800 
Share repurchases —  —  —  4,079,651  — 
Exercise of stock options —  —  1,267  (34,736) — 
Employee stock purchases —  —  —  (28,768) — 
Vesting of restricted stock units (2)
—  —  —  (5,256) — 
Balance at August 31, 2021 187,247,721  28,227,478  614,353  22,588,014  5,005,800 
(1)    In October 2022, our Board of Directors retired 5,005,800 shares of our Class B Treasury Stock which became authorized and unissued shares of our Class B Stock.
(2)    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 Six
Months Ended
August 31,
2022
Restricted Stock Units 37,308  186  37,494 
Performance Share Units 4,919  —  4,919 
2021
Restricted Stock Units 36,048  165  36,213 
Performance Share Units 4,565  —  4,565 
Summary of share repurchase activity
As of August 31, 2022, total shares repurchased under the 2018 Authorization and the 2021 Authorization 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  $ 3,000.0  13,331,156
2021 Authorization $ 2,000.0  $ 836.9  3,463,417