Penumbra announces $200M share repurchase authorization, $100M accelerated buyback

Penumbra Inc

Board authorized up to $200M in stock repurchases through July 31, 2025.
$100M accelerated share repurchase (ASR) with JPMorgan Chase initiated on Aug 12, 2024.
Initial delivery of ~474,000 shares on Aug 13, 2024; final settlement expected Q3 2024.
ASR funded with cash on hand; will reduce diluted share count.

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