Seagate said its board on May 21, 2025 approved the repurchase of up to a total of $5 billion of the company’s common stock under the existing share repurchase program.

1. 01

   Seagate said its board on May 21, 2025 approved the repurchase of up to a total of $5 billion of the company’s common stock under the existing share repurchase program.

2. 02

   The company said it may repurchase shares in a variety of ways, including open market purchases, privately negotiated transactions, accelerated share repurchase transactions or other structured repurchase transactions, block trades, and trading plans intended to comply with Rule 10b5-1.

3. 03

   Seagate said the actual timing and amount of future repurchases will depend on its financial position, operating results, available cash, cash flow, capital requirements, distributable reserves and other factors. It said the program has no expiration date and may be modified, suspended or terminated at any time without prior notice.

4. 04

   The company said it will hold an analyst and investor day today in New York, both in person and via webcast, to discuss the share repurchase approval and new financial targets through the fiscal 2028 year end.

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Original filing

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