Ferrari Spends €23.7M to Buy Back 77,245 Shares in First Tranche
Between March 2 and 6, Ferrari repurchased 77,245 shares as part of its €250 million first tranche, spending €11.25 million on Euronext Milan and $14.5 million on NYSE for a combined €23.73 million. As of March 6, Ferrari held 17.06 million treasury shares, representing 8.80% of issued capital.
1. Execution of First Tranche
Between March 2 and 6, Ferrari purchased a total of 77,245 common shares under the first tranche of its €250 million buyback program, executing trades on Euronext Milan and the NYSE. Daily purchases ranged from 5,000 to 11,160 shares with average prices of €307.16 and $356.73, respectively.
2. Aggregate Investment
Total consideration excluding fees amounted to €11,252,050.06 on Euronext Milan and $14,499,197.06 (equivalent to €12,474,808.38) on the NYSE, resulting in a combined spend of €23,726,858.44 for the first tranche.
3. Treasury Holdings
As of March 6, 2026, Ferrari held 17,060,244 treasury shares, net of equity incentive plan assignments, representing 8.80% of issued common shares. Including special voting shares, total treasury holdings equal 9.23% of the company’s share capital.
4. Program Progress
Since the program’s January 5, 2026 start, Ferrari has acquired 415,638 own shares for €125,122,266.17 of the planned €3.5 billion multi-year repurchase, reflecting early progress toward completion by 2030 as outlined during the 2025 Capital Markets Day.