other material
confidence high
sentiment positive
materiality 0.65
Align Technology plans $275M open market stock repurchase under existing $1B program
ALIGN TECHNOLOGY INC
- Repurchase of $275M of common stock via open market under Board-approved $1.0B program from Jan 2023.
- Expected completion by end of January 2025; funded with cash on hand.
- As of Sept 30, 2024, Align had 74.8M shares outstanding and $1,041.9M cash.
- Repurchases will be executed under a Rule 10b5-1 trading plan.