Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.23.4
Stockholders' Equity (Tables)
9 Months Ended
Nov. 30, 2023
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 (1)
Class 1 Class A
Class B (1)
Balance at February 28, 2023 212,697,428  —  22,705  29,498,426  — 
Share repurchases —  —  —  153,937  — 
Conversion of shares 80  —  (80) —  — 
Exercise of stock options —  —  800  (129,595) — 
Vesting of restricted stock units (2)
—  —  —  (71,189) — 
Vesting of performance share units (2)
—  —  —  (13,113) — 
Balance at May 31, 2023 212,697,508  —  23,425  29,438,466  — 
Common Stock Treasury Stock
Class A
Class B (1)
Class 1 Class A
Class B (1)
Conversion of shares 220  —  (220) —  — 
Exercise of stock options —  —  606  (364,530) — 
Employee stock purchases —  —  —  (30,172) — 
Vesting of restricted stock units (2)
—  —  —  (5,172) — 
Balance at August 31, 2023 212,697,728  —  23,811  29,038,592  — 
Share repurchases —  —  —  889,429  — 
Conversion of shares
570  —  (570) —  — 
Exercise of stock options —  —  —  (22,587) — 
Vesting of restricted stock units (2)
—  —  —  (68) — 
Balance at November 30, 2023 212,698,298  —  23,241  29,905,366  — 
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 
Retirement of treasury shares
—  (5,005,800) —  —  (5,005,800)
Conversion of shares 23,205,885  (23,205,885) —  —  — 
Exercise of stock options —  —  470  (63,529) — 
Balance at November 30, 2022 212,667,148  —  52,435  28,175,566  — 
(1)Prior to the Reclassification, we had an additional class of common stock with a material number of shares outstanding: Class B Stock. Shares of Class B Stock were convertible into shares of Class A Stock on a one-to-one basis at any time at the option of the holder. For additional information, refer to “Reclassification” below.
(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 Three
Months Ended
November 30,
For the Nine
Months Ended
November 30,
2023
Restricted Stock Units 39,839  170  —  40,009 
Performance Share Units 8,735  —  —  8,735 
2022
Restricted Stock Units 37,308  186  —  37,494 
Performance Share Units 4,919  —  —  4,919 
Summary of share repurchase activity
As of November 30, 2023, total shares repurchased under the 2021 Authorization and the 2023 Authorization are as follows:
Class A Stock
Repurchase
Authorization
Dollar Value
of Shares
Repurchased
Number of
Shares
Repurchased
(in millions, except share data)
2021 Authorization $ 2,000.0  $ 1,386.3  5,875,276
2023 Authorization
$ 2,000.0  $ —