filings.toolsItem 1A. RISK FACTORS
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Item 1A. RISK FACTORS
During the six months ended June 30, 2022, there were no material changes to the Risk Factors disclosed in Part I, Item 1A, Risk Factors, of the Company's 2021 Form 10-K, except for the update below:
Negative publicity may damage NRG’s reputation or its brands.
NRG’s reputation and brands could be damaged for numerous reasons, including negative views of the Company’s environmental impact, sustainability goals, supply chain practices, product and service offerings, sponsorship relationships, charitable giving programs and public statements made by Company officials. The Company may also experience criticism or backlash from media, customers, employees, government entities, advocacy groups and other stakeholders that disagree with positions taken by the Company or its executives. If the Company’s brands or reputation are damaged, it could negatively impact the Company’s business, financial condition, results of operations, and ability to attract and retain highly qualified employees.
ITEM 2 — UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The table below sets forth the information with respect to purchases made by or on behalf of NRG or any "affiliated purchaser" (as defined in Rule 10b-18(a)(3) under the Exchange Act), of NRG's common stock during the quarter ended June 30, 2022.
| For the three months ended March 31, 2022 | Total Number of Shares Purchased | Average Price Paid per Share**(b)** | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs**(a)(c)** | ||||||||||||||||||||||
| Month #1 | ||||||||||||||||||||||||||
| (April 1, 2022 to April 30, 2022 | 2,014,734 | $ | 37.99 | 2,014,734 | $ | 686,349,234 | ||||||||||||||||||||
| Month #2 | ||||||||||||||||||||||||||
| (May 1, 2022 to May 31, 2022) | 1,672,909 | $ | 41.61 | 1,672,909 | $ | 616,697,794 | ||||||||||||||||||||
| Month #3 | ||||||||||||||||||||||||||
| (June 1, 2022 to June 30, 2022) | 480,000 | $ | 45.59 | 480,000 | $ | 594,752,895 | ||||||||||||||||||||
| Total at June 30, 2022 | 4,167,643 | $ | 40.32 | 4,167,643 |
(a)On December 6, 2021 the Company announced that the Board of Directors has authorized $1 billion for share repurchases, as part of NRG’s capital allocation program. The program began in December 2021 and continues in 2022
(b)The average price paid per share excludes commissions of $0.02 per share paid in connection with the open market share repurchases
(c)Includes commissions of $0.02 per share paid in connection with the open market share repurchases
ITEM 3 — DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4 — MINE SAFETY DISCLOSURES
The information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 104 of Regulation S-K (17 CFR 229.104) is included in Exhibit 95.1 to this Form 10-Q
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