Fifth Third said on June 11, 2024 that it entered into an accelerated share repurchase transaction with Morgan Stanley & Co. LLC to buy about $125 million of its common stock.

8-KOther EventsFiled Jun 28, 2024Period of report Jun 26, 2024Summary published (UTC) Oct 26, 2026

Key points

AI summary

Fifth Third said on June 11, 2024 that it entered into an accelerated share repurchase transaction with Morgan Stanley & Co. LLC to buy about $125 million of its common stock.
The company said on June 26, 2024 that Morgan Stanley notified it that the purchases under the agreement dated June 11 were complete, and that final settlement took place on June 27, 2024.
The company said it repurchased 3,011,621 shares when the agreement was executed and an additional 496,767 shares at final settlement, for a total of 3,508,388 shares at an average price of $35.63 per share.
The company said the shares were bought under its 100 million share repurchase program announced in 2019, and that it has about 28.6 million shares of remaining repurchase authority under the program after completing this agreement.

Summary

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Analysis 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.

Accelerated Share Repurchase of About $125 million With Morgan Stanley

Fifth Third said on June 11, 2024 that it entered into an accelerated share repurchase transaction with Morgan Stanley & Co. LLC to buy about $125 million of its common stock.

Source · Based on the filing body and exhibits

Morgan Stanley Completes Purchases on June 26, 2024, Final Settlement on June 27

The company said on June 26, 2024 that Morgan Stanley notified it that the purchases under the agreement dated June 11 were complete, and that final settlement took place on June 27, 2024.

Source · Based on the filing body and exhibits

Total of 3,508,388 Shares Repurchased at Average Price of $35.63 per Share

The company said it repurchased 3,011,621 shares when the agreement was executed and an additional 496,767 shares at final settlement, for a total of 3,508,388 shares at an average price of $35.63 per share.

Source · Based on the filing body and exhibits

About 28.6 million Shares Remaining Under 100 million Share Repurchase Program

The company said the shares were bought under its 100 million share repurchase program announced in 2019, and that it has about 28.6 million shares of remaining repurchase authority under the program after completing this agreement.

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

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