L3HARRIS TECHNOLOGIES INC DE
For the period ended Mar 29, 2024. Filed Apr 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 29, 2024 · Filed Apr 26, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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ITEM 2. Unregistered Sales of Equity Securities
| ITEM 2. | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS. |
|---|
Issuer Purchases of Equity Securities
The following table sets forth information with respect to repurchases by us of our common stock during the quarter ended March 29, 2024:
| Period* · Total number ofshares purchased · Average pricepaid per share · Total number ofshares purchased as part of publiclyannounced plans or programs(1) · Maximum approximate dollar value of shares that mayyet be purchased under the plans or programs(1) ($ in millions) | ||||||
|---|---|---|---|---|---|---|
| (December 30, 2023 - January 26, 2024) | ||||||
| Repurchase program(1) | — | $— | — | $3,935 | ||
| Employee transactions(2) | 1,690 | $204.54 | — | — | ||
| (January 27, 2024 - February 23, 2024) | ||||||
| Repurchase program(1) | 75,000 | $212.80 | 75,000 | $3,919 | ||
| Employee transactions(2) | 1,967 | $209.80 | — | — | ||
| (February 24, 2024 - March 29, 2024) | ||||||
| Repurchase program(1) | 1,015,000 | $213.35 | 1,015,000 | $3,702 | ||
| Employee transactions(2) | 90,897 | $211.92 | — | — | ||
| Total | 1,184,554 | 1,090,000 | $3,702 | |||
- Periods represent our fiscal months.
(1) On October 21, 2022, we announced that our Board approved a $3.0 billion share repurchase authorization under our share repurchase program that was in addition to the remaining unused authorization of $1.5 billion at that time. Our repurchase program does not have an expiration date and authorizes us to repurchase shares of our common stock through open market purchases, private transactions, transactions structured through investment banking institutions or any combination thereof. As of March 29, 2024, the remaining unused authorization under our repurchase programs was $3.7 billion (as reflected in the table above).
(2) Represents shares of our common stock delivered to us in satisfaction of the tax withholding obligation of holders of performance units or restricted units that vested during the quarter. Our stock incentive plans provide that the value of shares delivered to us to pay the exercise price of options or to cover tax withholding obligations shall be the closing price of our common stock on the date the relevant transaction occurs.
Sales of Unregistered Equity Securities
During the quarter ended March 29, 2024, we did not issue or sell any unregistered equity securities.
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