AI English summary of an SEC filing — figures as filed
Allegion said on April 15, 2026 the Board replenished the funds available for the repurchase of the Company's ordinary shares under its existing share repurchase program and, as a result, authorized the repurchase of a total amount of up to $500 million of the Company's ordinary shares under the program.
Key points
AI summaryAllegion said on April 15, 2026 the Board replenished the funds available for the repurchase of the Company's ordinary shares under its existing share repurchase program and, as a result, authorized the repurchase of a total amount of up to $500 million of the Company's ordinary shares under the program.
The company said share repurchases may be made from time-to-time in open market, accelerated stock repurchase or privately negotiated transactions, including pursuant to one or more Rule 10b5-1 trading plans.
Allegion said the timing and manner of any share repurchase and the actual number of ordinary shares repurchased will be determined at the discretion of management based on a variety of factors, including, among others, the Company's stock price, corporate and regulatory requirements, and other general market and economic conditions.
The company disclosed that this authorization is not a new program but the result of the Board replenishing the funds available under the existing share repurchase program, and this was filed as Item 8.01 (Other Events).
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Board authorizes repurchase of up to $500 million of ordinary shares
Allegion said on April 15, 2026 the Board replenished the funds available for the repurchase of the Company's ordinary shares under its existing share repurchase program and, as a result, authorized the repurchase of a total amount of up to $500 million of the Company's ordinary shares under the program.
Source · Based on the filing body and exhibits
Share repurchase methods
The company said share repurchases may be made from time-to-time in open market, accelerated stock repurchase or privately negotiated transactions, including pursuant to one or more Rule 10b5-1 trading plans.
Source · Based on the filing body and exhibits
Factors determining timing and quantity of repurchases
Allegion said the timing and manner of any share repurchase and the actual number of ordinary shares repurchased will be determined at the discretion of management based on a variety of factors, including, among others, the Company's stock price, corporate and regulatory requirements, and other general market and economic conditions.
Source · Based on the filing body and exhibits
Replenishment of funds available under existing program
The company disclosed that this authorization is not a new program but the result of the Board replenishing the funds available under the existing share repurchase program, and this was filed as Item 8.01 (Other Events).
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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