Company: COST
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000909832-25-000033
Chunk: 14

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-06-05
Form: 10-Q
Item: Item 1
Chunk 14
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 $5,412 at May 11, 2025, and September 1, 2024.Subsequent to the end of the quarter on May 21, 2025, the Japanese subsidiary repaid $103 of its Guaranteed Senior Notes.

Note 5—EquityDividendsA quarterly cash dividend of $1.30 per share was declared on April 16, 2025, and paid on May 16, 2025. The dividend was $1.16 per share in the third quarter of 2024. Stock Repurchase ProgramsThe Company's stock repurchase program is conducted under a $4,000 authorization by the Board of Directors, which expires in January 2027. At May 11, 2025, the remaining amount available under the program was $2,242. The following table summarizes the repurchase activity:Shares Repurchased (000s)Average Price per ShareTotal CostThird quarter of 2025215 $976.71 $210 First thirty-six weeks of 2025658 $946.64 $623 Third quarter of 2024221 $733.23 $162 First thirty-six weeks of 2024749 $646.07 $484 These amounts may differ from the accompanying condensed consolidated statements of cash flows due to changes in unsettled stock repurchases at the end of each quarter. Purchases are made from time to time, as conditions warrant, in the open market or in block purchases and pursuant to plans under SEC Rule 10b5-1.

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Note 6—Stock-Based CompensationThe 2019 Incentive Plan authorizes the issuance of up to 15,885,000 RSUs. To preserve the value of outstanding awards, the number of RSUs that may be granted under this Plan is subject to adjustments from changes in capital structure. The Company issues new shares of common stock upon vesting and settlement of RSUs. Shares for vested RSUs are generally delivered to participants annually, net of shares withheld for taxes.Summary of Restricted Stock Unit ActivityAt May 11, 2025, 6,261,000 shares were available to be granted as RSUs, and the following awards were outstanding:•2,205,000 time-based RSUs, which vest upon continued employment over specified periods and accelerate upon achievement of a long-service term;•51,000 performance-based RSUs granted to executive officers, for which the performance targets have been met. The awards vest upon