NVR INC
For the period ended Sep 30, 2024. Filed Nov 5, 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.
Sep 30, 2024 · Filed Nov 5, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
During the quarter ended September 30, 2024, we fully utilized the remaining amount available under our $750 million share repurchase authorization that was publicly announced on February 14, 2024. On May 7, 2024, we publicly announced that our Board of Directors had approved an additional repurchase authorization in the amount of up to $750 million. The share repurchase authorizations 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 third quarter of 2024:
| Period (1) | 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) |
|---|---|---|---|---|
| July 1 - 31, 2024 | 20,127 | $7,707.35 | 20,127 | $884,831 |
| August 1 - 31, 2024 | 11,157 | $8,807.67 | 11,157 | $786,564 |
| September 1 - 30, 2024 | 11,345 | $9,172.09 | 11,345 | $682,507 |
| Total | 42,629 | $8,385.15 | 42,629 |
(1) All of the shares repurchased in July and August 2024 were repurchased under our February 14, 2024 repurchase authorization. Of the shares repurchased in September 2024, 4,018 shares were repurchased under the February 14, 2024 share repurchase authorization, which fully utilized the February 2024 authorization. The remaining 7,327 shares were repurchased under the May 7, 2024 share repurchase authorization.
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