PUBLIC SERVICE ENTERPRISE GROUP INC
For the period ended Jun 30, 2024. Filed Jul 30, 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 30, 2024
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Item 1A. Risk Factors
The discussion of our business and operations in this Quarterly Report on Form 10-Q should be read together with the risk factors contained in Part I, Item 1A of our Form 10-K which describes various risks and uncertainties that could have a material adverse impact on our business, prospects, financial position, results of operations or cash flows and could cause results to differ materially from those expressed elsewhere in this report.
From time to time, PSEG may repurchase shares to satisfy obligations under equity compensation awards and repurchase shares to satisfy purchases by employees under the Employee Stock Purchase Plan (ESPP). In March 2024, we entered into a share repurchase plan that complies with Rule 10b5-1 of the Exchange Act, solely with respect to the repurchase of shares to satisfy obligations under equity compensation awards that are expected to be issued in 2024 and the repurchase of shares to satisfy purchases by employees under the ESPP during 2024. The following table indicates our common share repurchases in the open market during the second quarter of 2024. There are no remaining shares available for repurchase under the plan.
| Three Months Ended June 30, 2024 | Total Number of Shares Purchased | Average Price Paid per Share |
|---|---|---|
| April 1 - April 30 | 685,000 | $66.82 |
| May 1 - May 31 | — | — |
| June 1 - June 30 | — | — |
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