other material
confidence high
sentiment positive
materiality 0.70
Align Technology launches $200M accelerated stock repurchase; CEO plans $2M personal purchase
ALIGN TECHNOLOGY INC
- $200M ASR with Citibank; initial delivery of approx. 552,000 shares.
- ASR expected to complete around July 26, 2022, funded with cash on hand.
- CEO Joe Hogan intends to personally purchase $2.0M of Align common stock.
- As of Dec 31, 2021, Align had $1.1B cash and 78.7M shares outstanding.