Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.24.3
Stockholders' Equity (Tables)
6 Months Ended
Aug. 31, 2024
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:
Class A
Stock
Class 1
Stock
Class A
Stock in
Treasury
Balance at February 29, 2024
212,698,298  23,661  29,809,881 
Share repurchases —  —  775,334 
Exercise of stock options —  1,880  (149,324)
Vesting of restricted stock units (1)
—  —  (85,650)
Vesting of performance share units (1)
—  —  (8,757)
Balance at May 31, 2024
212,698,298  25,541  30,341,484 
Share repurchases —  —  1,002,947 
Exercise of stock options —  —  (103,561)
Employee stock purchases —  —  (28,472)
Vesting of restricted stock units (1)
—  —  (5,204)
Balance at August 31, 2024
212,698,298  25,541  31,207,194 
Class A
Stock
Class 1
Stock
Class A
Stock in
Treasury
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 (1)
—  —  (71,189)
Vesting of performance share units (1)
—  —  (13,113)
Balance at May 31, 2023
212,697,508  23,425  29,438,466 
Conversion of shares 220  (220) — 
Exercise of stock options —  606  (364,530)
Employee stock purchases —  —  (30,172)
Vesting of restricted stock units (1)
—  —  (5,172)
Balance at August 31, 2023
212,697,728  23,811  29,038,592 
(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 Six
Months Ended
August 31,
2024
Restricted Stock Units 48,501  147  48,648 
Performance Share Units 5,728  —  5,728 
2023
Restricted Stock Units 39,839  170  40,009 
Performance Share Units 8,735  —  8,735 
Summary of share repurchase activity
As of August 31, 2024, total shares repurchased under our board authorizations are as follows:
Class A Stock
Repurchase
Authorization
Dollar Value
of Shares
Repurchased
Number of
Shares
Repurchased
(in millions, except share data)
2021 Authorization (1)
$ 2,000.0  $ 1,835.5  7,653,557
2023 Authorization (1)
$ 2,000.0  $ — 
(1)As of August 31, 2024, an aggregate of $2,164.5 million remains available for future share repurchases, excluding the impact of Federal excise tax owed pursuant to the IRA.