Item 1A. Risk Factors

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Item 1A. Risk Factors

There were no changes required to be reported under Item 1A for the three months ended March 31, 2024; however, upon the sale of the aerospace business on February 16, 2024, the risk factors related to the aerospace business are no longer relevant.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

The following table summarizes the company’s repurchases of its common stock during the first quarter of 2024.


Purchases of Securities
($ in millions)	Total Number of Shares Purchased (a)	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (a)	Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (b)

January 1 to January 31, 2024	—	$	—	—	19,596,607
February 1 to February 29, 2024	1,217,374		61.36	1,217,374	18,379,233
March 1 to March 31, 2024	1,847,248		65.93	1,847,248	16,531,985
Total	3,064,622			3,064,622

(a)	Includes any open market purchases (on a trade-date basis), share repurchase agreements and/or shares retained by the company to settle employee withholding tax liabilities.

(b)	As of March 31, 2024, the company had an ongoing repurchase program for which 50 million shares were authorized for repurchase by Ball’s Board of Directors. On April 24, 2024, Ball’s Board of Directors approved the repurchase by the company of up to a total of 40 million shares of its common stock. This repurchase authorization replaced all previous authorizations.

Item 3. Defaults Upon Senior Securities

There were no events required to be reported under Item 3 for the three months ended March 31, 2024.

Item 4. Mine Safety Disclosures

Not applicable.

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