NORTHROP GRUMMAN CORP DE
For the period ended Mar 31, 2024. Filed Apr 25, 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 31, 2024 · Filed Apr 25, 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
The table below summarizes our repurchases of common stock during the three months ended March 31, 2024.
| Period | Total Numberof SharesPurchased | Average PricePaid perShare(1)(2) | Total Numberof SharesPurchased asPart of PubliclyAnnouncedPlans orPrograms | ApproximateDollar Value ofShares that MayYet Be Purchasedunder thePlans or Programs($ in millions) |
|---|---|---|---|---|
| January 1, 2024 - January 26, 2024 | 116,315 | $465.22 | 116,315 | $3,571 |
| January 27, 2024 - February 23, 2024 | 1,971,110 | NM(2) | 1,971,110 | 2,505 |
| February 24, 2024 - March 29, 2024 | 129,283 | $462.44 | 129,283 | 2,446 |
| Total | 2,216,708 | NM(2) | 2,216,708 | $2,446 |
(1)Excludes commissions paid and other costs of execution, including taxes.
(2)During the first quarter of 2024, the company entered into an accelerated share repurchase (ASR) agreement with Morgan Stanley to repurchase $1.0 billion of the company’s common stock and received an initial delivery of shares representing 80 percent of the share repurchase agreement.
Share repurchases take place from time to time, subject to market conditions and management’s discretion, in the open market or in privately negotiated transactions. The company retires its common stock upon repurchase and, in the periods presented, has not made any purchases of common stock other than in connection with these publicly announced repurchase programs.
See Note 2 to the financial statements for further information on our share repurchase programs.
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