NORTHROP GRUMMAN CORP DE
For the period ended Jun 30, 2024. Filed Jul 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.
Jun 30, 2024 · Filed Jul 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 June 30, 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) |
|---|---|---|---|---|
| March 30, 2024 - April 26, 2024 | 118,798 | $460.43 | 118,798 | $2,391 |
| April 27, 2024 - May 24, 2024 | 821,306 | NM(2) | 821,306 | 2,177 |
| May 25, 2024 - June 28, 2024 | 691,988 | $437.31 | 691,988 | 1,874 |
| Total | 1,632,092 | NM(2) | 1,632,092 | $1,874 |
(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, which was completed on May 1, 2024. Pursuant to the terms of the ASR, a total of approximately 2.2 million shares of our common stock were repurchased with an average final purchase price of of $455.73 (1.8 million shares in January 2024 and 0.4 million shares in May 2024).
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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