Ferrovial SE Boosts Share Buyback Program
Ticker: FER · Form: 6-K · Filed: Dec 13, 2024 · CIK: 1468522
| Field | Detail |
|---|---|
| Company | Ferrovial Se (FER) |
| Form Type | 6-K |
| Filed Date | Dec 13, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-repurchase, stock-incentive-plan, dilution-offset
TL;DR
Ferrovial SE is buying back more stock to offset dilution from employee stock plans.
AI Summary
Ferrovial SE announced on December 13, 2024, an increase to its share repurchase program. The company has authorized the repurchase of up to an additional 10,000,000 shares of its common stock, which represents approximately 1.26% of its total outstanding shares. This program is intended to offset the dilutive effect of shares issued under its long-term incentive plans.
Why It Matters
This move signals management's confidence in the company's valuation and aims to increase shareholder value by reducing the number of outstanding shares.
Risk Assessment
Risk Level: low — The filing is a routine update on a share repurchase program, not indicating significant new risks.
Key Numbers
- 10,000,000 — Additional Shares (Authorized for repurchase under the increased program.)
- 1.26% — Outstanding Shares (Represents the approximate percentage of total outstanding shares to be repurchased.)
Key Players & Entities
- Ferrovial SE (company) — Filer of the report
- 10,000,000 shares (dollar_amount) — Additional shares authorized for repurchase
- 1.26% (dollar_amount) — Percentage of total outstanding shares
- December 13, 2024 (date) — Date of the announcement
FAQ
What is the primary purpose of the increased share repurchase program?
The program is intended to offset the dilutive effect of shares issued under Ferrovial SE's long-term incentive plans.
How many additional shares has Ferrovial SE authorized for repurchase?
Ferrovial SE has authorized the repurchase of up to an additional 10,000,000 shares.
What percentage of outstanding shares does the additional repurchase represent?
The additional repurchase represents approximately 1.26% of Ferrovial SE's total outstanding shares.
On what date was this increase to the repurchase program announced?
The increase to the share repurchase program was announced on December 13, 2024.
Where is Ferrovial SE's principal executive office located?
Ferrovial SE's principal executive office is located at Gustav Mahlerplein 61-63, Symphony Towers, 14th Floor, 1082 MS Amsterdam, The Netherlands.
Filing Stats: 206 words · 1 min read · ~1 pages · Grade level 10.1 · Accepted 2024-12-13 12:20:43
Filing Documents
- a6-kincreaserepurchaseprog.htm (6-K) — 28KB
- a20241213increasesharere.htm (EX-99.1) — 2KB
- a20241213increasesharere001.jpg (GRAPHIC) — 133KB
- 0001468522-24-000130.txt ( ) — 216KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ferrovial SE Date December 13, 2024 By s Ernesto Lpez Mozo Ernesto Lpez Mozo Chief Financial Officer