other material
confidence high
sentiment neutral
materiality 0.55
Covenant Logistics amends stock buyback to $55M total; adopts 10b5-1 plan
COVENANT LOGISTICS GROUP, INC.
- Board added ~$37.5M to the ~$17.5M remaining under prior repurchase authorization.
- Total authorized repurchases now $55M of Class A common stock.
- New 10b5-1 plan with defined trading parameters runs Feb 2023 through Jan 31, 2024.
- Company may suspend or terminate the program or plan at any time without notice.