secwatch.observer — SEC 8-K summary
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Issuer:     Penumbra Inc (PEN)
CIK:        0001321732
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001321732-24-000090
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1321732/000132173224000090/0001321732-24-000090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1321732/000132173224000090/pen-20240813.htm
  HTML page:      https://secwatch.observer/filing/0001321732-24-000090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer