filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
In addition to the other information set forth in this Quarterly Report on Form 10–Q, you should carefully consider the factors discussed in Part I, Item 1A Risk Factors in the 2021 Form 10–K, which could materially affect our business, financial condition, or future results.
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, 2022.
| 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, 2022 to January 31, 2022 | 15,896 | $ | 193.46 | 15,683 | $ | 1,037.9 | ||||||||||||||||||||
| February 1, 2022 to February 28, 2022 | 15,956 | 185.73 | 15,956 | 1,035.0 | ||||||||||||||||||||||
| March 1, 2022 to March 31, 2022 | 86,271 | 204.17 | 18,910 | 1,031.1 | ||||||||||||||||||||||
| Total | 118,123 | $ | 200.23 | 50,549 | $ | 1,031.1 |
1We purchased an aggregate of 50,549 shares of our common stock in the open market pursuant to our repurchase program and 67,574 shares were transferred to us from employees in satisfaction of minimum tax withholding obligations associated with the vesting of restricted performance stock rights during the period.
2 From the stock repurchase program's inception through March 31, 2022, we have purchased 13,445,849 shares at an average price of $161.31 per share for a total of $2.2 billion.
3 In October 2012, we commenced our stock repurchase program. In November 2019, we announced an increase in the stock repurchase program to $3.2 billion and an extension of the term to October 31, 2024.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
None.
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