other
confidence high
sentiment positive
materiality 0.60
ZipRecruiter expands buyback by $150M to $250M total; enters $50M ASR with Goldman
ZIPRECRUITER, INC.
- Board authorized additional $150M share repurchase, bringing total program to $250M.
- As of June 15, 2022, ~$6.6M remained under prior $100M authorization; now ~$156.6M available.
- Entered $50M accelerated share repurchase (ASR) with Goldman Sachs; initial delivery of ~2.6M shares by June 21, 2022.
- ASR final settlement expected by Q3 2022; discount based on VWAP during term.
- Program has no expiration; company will fund from cash and operations.