Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Repurchases under our stock repurchase program are made from time to time at management's discretion in accordance with applicable federal securities laws. All repurchases of HII common stock have been recorded as treasury stock. The following table summarizes information relating to purchases made by or on behalf of the Company of shares of the Company's common stock during the quarter ended March 31, 2024.
Period Total Number of Shares Purchased 1
Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (in millions) 2,3
January 1, 2024 to January 31, 2024 45,159 $ 254.77 45,159 $ 1,503.1
February 1, 2024 to February 29, 2024 137,506 281.16 52,119 1,489.0
March 1, 2024 to March 31, 2024 126,378 290.96 126,051 1,452.4
Total 309,043 $ 281.31 223,329 $ 1,452.4
1 We purchased an aggregate of 223,329 shares of our common stock in the open market pursuant to our
repurchase program, and 85,714 shares were transferred to us from employees in satisfaction of minimum tax withholding obligations associated with the vesting of restricted stock rights during the period.
2 From the stock repurchase program's inception through March 31, 2024, we have purchased 14,200,197 shares at
an average price of $165.32 per share for a total of $2.3 billion.
3 In November 2012, we announced the establishment of our stock repurchase program. In January 2024, our board
of directors authorized an increase in the stock repurchase program to $3.8 billion and an extension of the term to December 31, 2028.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
None.
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