The company said it entered into an accelerated share repurchase transaction with Morgan Stanley & Co. LLC on October 21, 2024 to buy approximately $300 million of its common stock.

8-KOther EventsFiled Dec 19, 2024Period of report Dec 17, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said it entered into an accelerated share repurchase transaction with Morgan Stanley & Co. LLC on October 21, 2024 to buy approximately $300 million of its common stock.
Morgan Stanley notified the company on December 17, 2024 that it had finished buying shares under the agreement dated October 21, the company said. Final settlement took place on December 18, 2024.
The company said it repurchased 5,879,640 shares upon execution of the agreement and 781,254 shares at final settlement, for a total of 6,660,894 shares at an average price of $45.039 per share.
The company said that after completing the agreement, about 17.1 million shares remained under its 100 million share repurchase program.

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 agreement with Morgan Stanley

The company said it entered into an accelerated share repurchase transaction with Morgan Stanley & Co. LLC on October 21, 2024 to buy approximately $300 million of its common stock.

Source · Based on the filing body and exhibits

Completion notice and final settlement date

Morgan Stanley notified the company on December 17, 2024 that it had finished buying shares under the agreement dated October 21, the company said. Final settlement took place on December 18, 2024.

Source · Based on the filing body and exhibits

Total shares repurchased under the agreement and average price

The company said it repurchased 5,879,640 shares upon execution of the agreement and 781,254 shares at final settlement, for a total of 6,660,894 shares at an average price of $45.039 per share.

Source · Based on the filing body and exhibits

Remaining authority under existing share repurchase program

The company said that after completing the agreement, about 17.1 million shares remained under its 100 million share repurchase program.

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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