NVR INC
For the period ended Jun 30, 2024. Filed Aug 6, 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.
Jun 30, 2024 · Filed Aug 6, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
During the quarter ended June 30, 2024, we fully utilized the remaining amount available under our $750 million share repurchase authorization that was publicly announced on November 9, 2023. On February 14, 2024 and May 7, 2024, we publicly announced that our Board of Directors had approved new repurchase authorizations, each in the amount of up to $750 million. Each share repurchase authorization authorized the repurchase of our outstanding common stock in one or more open market and/or privately negotiated transactions, with no expiration date. Repurchase activity is typically executed in accordance with the safe-harbor provisions of Rule 10b-18 and Rule 10b5-1 promulgated under the Securities Exchange Act of 1934, as amended. We repurchased the following shares of our common stock during the second quarter of 2024:
| Period | Total Numberof SharesPurchased | AveragePrice Paidper Share | Total Number ofShares Purchasedas Part of PubliclyAnnounced Plansor Programs | Approximate Dollar Value ofShares that May YetBe Purchased Underthe Plans orPrograms (in thousands) |
|---|---|---|---|---|
| April 1 - 30, 2024 (1) | 36,000 | $7,848.63 | 36,000 | $646,382 |
| May 1 - 31, 2024 | 21,265 | $7,524.88 | 21,265 | $1,236,366 |
| June 1 - 30, 2024 | 25,903 | $7,582.46 | 25,903 | $1,039,957 |
| Total | 83,168 | $7,682.95 | 83,168 |
(1) Of the shares repurchased in April 2024, 22,620 shares were repurchased under the November 9, 2023 share repurchase authorization, which fully utilized the November 2023 authorization. The remaining 13,380 shares were repurchased under the February 14, 2024 share repurchase authorization.
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