Cognex authorizes $500M share repurchase program, replacing $200M prior program

COGNEX CORP

Board authorized up to $500M of share repurchases, completing prior $200M program from March 2020.
Repurchases may be made through open market or privately negotiated transactions, subject to market conditions.
Board reauthorized establishment of Rule 10b5-1 trading plans for repurchases during blackout periods.
Program primarily intended to reduce dilution from equity-based incentive compensation for employees.
No expiration date given; purchases depend on stock price, share availability, and cash requirements.

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