Radware Board Approves $80 Million Share Repurchase Plan Through 2027
Radware's board approved an $80 million share repurchase plan that allows open-market and private transactions through March 15, 2027. The program enables management to buy back shares under Rule 10b-18 and Rule 10b5-1 compliance, with flexibility to suspend or terminate purchases at any time.
1. Authorization of $80 Million Plan
Radware’s board of directors has authorized a new share repurchase plan allowing the company to buy back up to $80 million of its ordinary shares. This authorization does not obligate Radware to repurchase any specific number of shares and may be suspended or terminated at management’s discretion.
2. Execution Mechanisms and Compliance
The plan permits share purchases in open-market transactions, privately negotiated deals, or other legally permissible methods based on market conditions and trading volume. All repurchases will comply with U.S. securities laws, including Rule 10b-18 and, if adopted, Rule 10b5-1 trading plans.
3. Timeline and Expiration
The 2026 Plan becomes effective immediately and will expire on March 15, 2027. Radware management will assess market dynamics and share price levels to time repurchases for optimal impact on shareholder value.