Summary
Berkshire Hathaway Inc. (BRK-B) has announced the recommencement of its common stock repurchase program, effective March 4, 2026. This move, disclosed via an 8-K filing, signals management's belief that the company's Class A and Class B shares are trading below their intrinsic value. Investors should note that this policy is flexible, with no obligation to repurchase a specific number of shares and the flexibility to repurchase in open markets or private transactions. Repurchases can be suspended or discontinued at any time without prior notice, and Berkshire does not commit to providing interim updates beyond their standard periodic filings (10-Q and 10-K).
Key Highlights
- 1Berkshire Hathaway has resumed repurchasing its Class A and Class B common stock as of March 4, 2026.
- 2Management believes the current share price is below the company's intrinsic value.
- 3The repurchase policy allows for flexibility in timing and quantity of shares bought back.
- 4Repurchases can occur through open market transactions or privately negotiated deals, including Rule 10b5-1 plans.
- 5The company is not obligated to repurchase a specific number of shares.
- 6Repurchases may be suspended or stopped at any time without prior notice.
- 7Disclosure of repurchase activity will be primarily through periodic filings (10-Q and 10-K).
Frequently Asked Questions
Berkshire Hathaway has recommenced share repurchases because management believes that the current market price for its Class A and Class B common stock is below the company's conservatively determined intrinsic value.
No, Berkshire Hathaway's repurchase policy does not obligate the company to acquire any specific number of shares. The timing and total amount of repurchases depend on market prices, market conditions, and other relevant factors.
Berkshire Hathaway does not provide continuous updates on its repurchase activity. Information about repurchases will be disclosed in its periodic reports on Form 10-Q and Form 10-K, except as may be required by applicable law or regulation.
Yes, Berkshire Hathaway states that repurchases may be suspended or discontinued at any time without prior notice.