LOCKHEED MARTIN CORP
For the period ended Sep 29, 2024. Filed Oct 22, 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 29, 2024 · Filed Oct 22, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds
There were no sales of unregistered equity securities during the quarter ended September 29, 2024.
The following table provides information about our repurchases of our common stock that is registered pursuant to Section 12 of the Securities Exchange Act of 1934 during the quarter ended September 29, 2024.
| Period (a) · Total Numberof SharesPurchased · AveragePrice PaidPer Share · Total Number ofSharesPurchased asPart of PubliclyAnnounced Plansor Programs (b) · Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (b) | ||||||
|---|---|---|---|---|---|---|
| (in millions) | ||||||
| July 1, 2024 – July 28, 2024 (c) | 388 | $517.72 | — | $8,173 | ||
| July 29, 2024 – August 25, 2024 (c) | 675,569 | $552.63 | 675,345 | $7,800 | ||
| August 26, 2024 – September 29, 2024 (c) | 837,865 | $569.40 | 837,335 | $7,323 | ||
| Total (c) | 1,513,822 | $561.90 | 1,512,680 | |||
(a)We close our books and records on the last Sunday of each month to align our financial closing with our business processes, except for the month of December, as our fiscal year ends on December 31. As a result, our fiscal months often differ from the calendar months. For example, September 29, 2024 was the last day of our September 2024 fiscal month.
(b)In October 2010, our Board of Directors approved and on October 25, 2010 we announced a share repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices. From time to time, our Board of Directors authorizes increases to our share repurchase program. The total remaining authorization for future common share repurchases under our share repurchase program was $7.3 billion as of September 29, 2024. In October 2024, the Board of Directors authorized an increase to the program by $3.0 billion. Under the program, management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation. This includes purchases pursuant to Rule 10b5-1 plans, including accelerated share repurchases. The program does not have an expiration date.
(c)During the quarter ended September 29, 2024, the total number of shares purchased included 1,142 shares that were transferred to us by employees in satisfaction of tax withholding obligations associated with the vesting of restricted stock units. These purchases were made pursuant to a separate authorization by our Board of Directors and are not included within the program.
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