secwatch.observer — SEC 8-K summary
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Issuer:     Verisk Analytics, Inc. (VRSK)
CIK:        0001442145
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001193125-23-062281
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verisk enters $2.5B accelerated share repurchase; initial delivery of ~10.7M shares
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- Initial aggregate purchase price of $2.5B from Citibank and Goldman Sachs under ASR agreements.
- Initial delivery of approximately 10.7M shares; total shares based on VWAP less discount.
- Funded by proceeds from Energy business divestiture (closed Feb 1, 2023) and $575M 5.750% senior notes due 2033.
- After ASR, $941.3M remains available under the existing share repurchase program.
- Final settlement expected in Q4 2023; may deliver additional shares or cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1442145/000119312523062281/0001193125-23-062281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1442145/000119312523062281/d481773d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-062281

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