---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-038544"
form_type: "8-K"
ticker: "CP"
cik: "0000016875"
company_name: "CANADIAN PACIFIC KANSAS CITY LTD/CN"
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T02:09:14.851059+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CPKC announces NCIB to repurchase up to 4% of shares (~37.3M shares) starting March 3, 2025

## Summary
- Up to 37.3M common shares (~4% of outstanding) authorized for repurchase; program runs from March 3, 2025 to March 2, 2026.
- CEO Keith Creel cites strong free cash flow and growth pipeline as confidence to reinstitute buyback.
- Purchases will be made on TSX, NYSE, and alternative trading systems; shares immediately cancelled.
- CPKC expects to enter automatic purchase plan for purchases during blackout periods.
- As of Feb 18, 2025, 933.7M shares outstanding.

## SEC filing metadata
- accession: 0001193125-25-038544
- form_type: 8-K
- ticker: CP
- cik: 0000016875
- company_name: CANADIAN PACIFIC KANSAS CITY LTD/CN
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16875/000119312525038544/0001193125-25-038544-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16875/000119312525038544/d879569d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-038544
- JSON: https://secwatch.observer/filing/0001193125-25-038544.json
- Plain text: https://secwatch.observer/filing/0001193125-25-038544.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.