Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The table below summarizes our repurchases of common stock during the three months ended March 31, 2024.
+Added: The table below summarizes our repurchases of common stock during the three months ended June 30, 2024.
Period Total Number
6 unchanged sentences
($ in millions)
−Removed: January 1, 2024 - January 26, 2024 116,315 $ 465.22 116,315 $ 3,571
−Removed: January 27, 2024 - February 23, 2024 1,971,110 NM (2)
+Added: March 30, 2024 - April 26, 2024 118,798 $ 460.43 118,798 $ 2,391
+Added: April 27, 2024 - May 24, 2024 821,306 NM (2)
821,306 2,177
−Removed: February 24, 2024 - March 29, 2024 129,283 $ 462.44 129,283 2,446
+Added: May 25, 2024 - June 28, 2024 691,988 $ 437.31 691,988 1,874
Total 1,632,092 NM (2)
1 unchanged sentence
(1) Excludes commissions paid and other costs of execution, including taxes.
−Removed: (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.
+Added: (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.
+Added: 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.
1 unchanged sentence
See Note 2 to the financial statements for further information on our share repurchase programs.
+Added: NORTHROP GRUMMAN CORPORATION
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.