Dover initiates $500M accelerated share repurchase, receives 3.2M shares initially

DOVER Corp

$500M ASR program initiated with Bank of America on Aug 31, 2022.
Initial delivery of 3,201,025 shares on Sep 1, 2022; represents substantial majority of expected retirement.
Final settlement based on daily VWAP during ASR term, expected by end of Q4 2022.
Repurchase authorized under existing 20M-share board authorization from Nov 2020.
Program funded with commercial paper.

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