| 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:
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Class A
Stock
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Class 1
Stock
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Class A
Stock in
Treasury
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Balance at February 29, 2024 |
212,698,298 |
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23,661 |
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29,809,881 |
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| Share repurchases |
— |
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— |
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775,334 |
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| Exercise of stock options |
— |
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1,880 |
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(149,324) |
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Vesting of restricted stock units (1)
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— |
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— |
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(85,650) |
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Vesting of performance share units (1)
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— |
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— |
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(8,757) |
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Balance at May 31, 2024 |
212,698,298 |
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25,541 |
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30,341,484 |
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| Share repurchases |
— |
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— |
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1,002,947 |
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| Exercise of stock options |
— |
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— |
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(103,561) |
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| Employee stock purchases |
— |
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— |
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(28,472) |
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Vesting of restricted stock units (1)
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— |
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— |
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(5,204) |
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Balance at August 31, 2024 |
212,698,298 |
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25,541 |
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31,207,194 |
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Class A
Stock
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Class 1
Stock
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Class A
Stock in
Treasury
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Balance at February 28, 2023 |
212,697,428 |
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22,705 |
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29,498,426 |
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| Share repurchases |
— |
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— |
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153,937 |
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| Conversion of shares |
80 |
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(80) |
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— |
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| Exercise of stock options |
— |
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800 |
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(129,595) |
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Vesting of restricted stock units (1)
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— |
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— |
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(71,189) |
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Vesting of performance share units (1)
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— |
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— |
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(13,113) |
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Balance at May 31, 2023 |
212,697,508 |
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23,425 |
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29,438,466 |
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| Conversion of shares |
220 |
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(220) |
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— |
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| Exercise of stock options |
— |
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606 |
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(364,530) |
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| Employee stock purchases |
— |
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— |
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(30,172) |
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Vesting of restricted stock units (1)
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— |
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— |
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(5,172) |
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Balance at August 31, 2023 |
212,697,728 |
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23,811 |
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29,038,592 |
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(1)Net of the following shares withheld to satisfy tax withholding requirements:
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For the Three
Months Ended
May 31, |
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For the Three
Months Ended
August 31, |
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For the Six
Months Ended
August 31, |
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| 2024 |
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| Restricted Stock Units |
48,501 |
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147 |
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48,648 |
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| Performance Share Units |
5,728 |
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— |
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5,728 |
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| 2023 |
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| Restricted Stock Units |
39,839 |
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170 |
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40,009 |
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| Performance Share Units |
8,735 |
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— |
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8,735 |
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| Summary of share repurchase activity |
As of August 31, 2024, total shares repurchased under our board authorizations are as follows:
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Class A Stock |
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Repurchase
Authorization |
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Dollar Value
of Shares
Repurchased |
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Number of
Shares
Repurchased |
| (in millions, except share data) |
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2021 Authorization (1)
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$ |
2,000.0 |
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$ |
1,835.5 |
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7,653,557 |
2023 Authorization (1)
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$ |
2,000.0 |
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$ |
— |
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— |
(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.
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