Magna International renews buyback for up to 25.8M shares

All 25,300,000 shares under Magna's prior bid had been purchased by October 30, 2026; 25,044,933 were cancelled.

Available on EDGAR 11/05/2026 - 06:39 AM EST Accepted by SEC EDGAR 11/05/2026 - 06:38 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Magna International Inc. announced a renewed normal course issuer bid (NCIB) authorizing discretionary purchases of up to 25,778,000 common shares, approximately 10% of its public float. The NCIB begins November 9, 2026, and ends no later than November 8, 2027. Purchases may be made for cancellation or to fund stock-based compensation; Magna may modify, suspend or discontinue the NCIB at any time.

Under the prior bid, Magna had purchased all 25,300,000 authorized shares as of October 30, 2026, at weighted average prices of C$86.13 and US$62.10; 25,044,933 were cancelled and the remainder funded stock-based compensation programs. An automatic purchase plan with a designated broker begins with the renewed NCIB and allows purchases under Magna’s instructions and strict parameters during periods when regulatory restrictions or self-imposed blackout periods would ordinarily prevent purchases. It ends when its purchase limit is reached, Magna terminates it under its terms, or the NCIB ends, whichever comes first.

1 point · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Up to 25,778,000 shares, approximately 10% of public float, may be repurchased.

Negative

• None.

Filing Explained

Under the renewed NCIB, TSX purchases are capped at 279,091 shares per day except for block purchases; NYSE purchases are limited to 25% of the average daily volume over the preceding four calendar weeks, so the annual authorization does not set a daily buying pace.

Key Figures

Renewed NCIB maximum: 25,778,000 common shares Public float represented: Approximately 10% Prior NCIB shares purchased: 25,300,000 shares +5 more

8 metrics

Renewed NCIB maximum 25,778,000 common shares Discretionary repurchase authorization

Public float represented Approximately 10% Renewed NCIB maximum

Prior NCIB shares purchased 25,300,000 shares All purchased by October 30, 2026

Prior NCIB weighted average prices C$86.13 and US$62.10 Shares purchased under the prior bid

Prior NCIB shares cancelled 25,044,933 shares Repurchases under the prior bid

NCIB commencement November 9, 2026 Renewed bid

NCIB termination deadline November 8, 2027 Renewed bid

Maximum daily TSX purchases 279,091 common shares Subject to exceptions for block purchases

Key Terms

normal course issuer bid, Automatic Purchase Plan, Rule 10b-18, average daily trading volume

4 terms

normal course issuer bid financial

"renew its normal course issuer bid"

A Normal Course Issuer Bid is when a company buys back its own shares from the stock market over time. This usually shows that the company believes its stock is undervalued and wants to support its price, which can be important for investors to watch.

Automatic Purchase Plan financial

"agreement establishing an automatic share purchase plan"

An automatic purchase plan is a program that automatically uses money from your account at regular intervals to buy shares of a stock or mutual fund. It works like a subscription that turns spare cash into investments without you having to place each trade, which can smooth out the price you pay over time and reduce the risk of mistiming the market — useful for building a position steadily and lowering emotional decision-making.

Rule 10b-18 regulatory

"in compliance with Rule 10b-18"

Rule 10b-18 is a regulation that sets strict rules for how a company's executives and employees can buy back their own company's stock from the market. It helps ensure that these buybacks happen in a fair and transparent way, reducing the chance of market manipulation. This is important for investors because it offers protection against unfair practices and promotes confidence in the integrity of the stock market.

average daily trading volume financial

"25% of the average daily trading volume for the prior six months"

The average daily trading volume is the typical number of shares or units of a security that change hands each trading day, calculated over a set period. It tells investors how active a market is—like average traffic on a road—so higher volume usually means easier, faster trades and smaller price swings when buying or selling, while low volume can make orders harder to fill and cause bigger price moves.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares can MGA repurchase under its renewed NCIB?

Magna’s renewed NCIB authorizes discretionary purchases of up to 25,778,000 common shares, approximately 10% of its public float. It begins November 9, 2026, and ends no later than November 8, 2027.

How many shares did MGA repurchase under its prior bid?

Magna purchased all 25,300,000 shares under the prior bid by October 30, 2026, at weighted average prices of C$86.13 and US$62.10. It cancelled 25,044,933 shares; the remainder funded stock-based compensation programs. The bid was due to expire at the close of trading on November 6, 2026.

How does MGA's automatic purchase plan work?

Under the plan with a designated broker, Magna may provide instructions and strict parameters for purchases during periods when regulatory restrictions or self-imposed blackout periods would ordinarily prevent them. The plan ends when its purchase limit is reached, Magna terminates it under its terms, or the NCIB terminates, whichever occurs first.

What is the daily TSX purchase limit under MGA's NCIB?

Subject to exceptions for block purchases, the maximum is 279,091 common shares per day on the TSX. That limit is based on 25% of the average daily trading volume for the prior six months, which was 1,116,366 common shares on the TSX.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 

For the month of November 2026

Commission File Number 001-11444

MAGNA INTERNATIONAL INC.

(Exact Name of Registrant as specified in its Charter)

337 Magna Drive, Aurora, Ontario, Canada L4G 7K1 

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐      Form 40-F ☒ 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	MAGNA INTERNATIONAL INC.
	(Registrant)
Date: November 5, 2026
	By:	/s/ “Jason Wolkove”
		Jason Wolkove,
		Vice-President, Mergers & Acquisitions, Capital Markets and Secretary

EXHIBITS

Exhibit 99 Press release issued November 5, 2026, in which the Registrant announced acceptance by The Toronto Stock Exchange of its notice of intention to renew its normal course issuer bid and automatic share purchase plan.

EXHIBIT 99

  PRESS RELEASE

Magna Announces Renewal of Normal Course Issuer Bid

• NCIB authorizes the discretionary repurchase of up to 25,778,000 Magna Common Shares, representing approximately 10% of Magna’s public float
• NCIB takes effect on November 9, 2026, and terminates no later than November 8, 2027
  

AURORA, Ontario, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) announces today the Toronto Stock Exchange’s (the "TSX") acceptance of its notice of intention to renew its normal course issuer bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 25,778,000 Magna Common Shares (the "NCIB"), representing approximately 10% of its public float. As at October 31, 2026, Magna had 258,383,499 issued and outstanding Common Shares, including a public float of 257,862,127 Common Shares.

The primary purposes of the NCIB are to facilitate purchases for cancellation, as well as purchases to fund Magna’s stock-based compensation awards and programs. Magna may purchase its Common Shares for cancellation, from time to time, if it believes that the market price of its Common Shares is attractive and that the purchase would be an appropriate use of corporate funds and in the best interests of the Corporation. Magna may elect to modify, suspend or discontinue the NCIB, and purchases thereunder, at any time.

The NCIB will commence on November 9, 2026, and will terminate no later than November 8, 2027. All purchases of Common Shares under the NCIB may be made on the TSX, at the market price at the time of purchase in accordance with the rules and policies of the TSX, or on the New York Stock Exchange ("NYSE") in compliance with Rule 10b-18 under the U.S. Securities Exchange Act of 1934. In addition to purchases made on the open market through the facilities of the TSX and NYSE, Magna may also make purchases through alternative trading systems in Canada and the United States, and by private agreement or under a specific share repurchase program pursuant to an issuer bid exemption order issued by a securities regulatory authority (a "Specific Share Repurchase Program"). Purchases made by way of such private agreements or a Specific Share Repurchase Program may be at a discount to the prevailing market price.

The rules and policies of the TSX contain restrictions on the number of shares that can be purchased under the NCIB, based on the average daily trading volumes of the Common Shares on the TSX. Similarly, the safe harbor conditions of Rule 10b-18 impose certain limitations on the number of shares that can be purchased on the NYSE per day. As a result of such restrictions, subject to certain exceptions for block purchases, the maximum number of Common Shares which can be purchased per day during the NCIB on the TSX is 279,091, based on 25% of the average daily trading volume for the prior six months (being 1,116,366 Common Shares on the TSX). Subject to certain exceptions for block purchases, the maximum number of Common Shares which can be purchased per day on the NYSE will be 25% of the average daily trading volume for the four calendar weeks preceding the date of purchase. Subject to regulatory requirements, the actual number of Common Shares purchased and the timing of such purchases, if any, will be determined by Magna having regard to future price movements and other factors.

Expiring Bid

Magna’s current normal course issuer bid, announced in November of 2025, for the purchase of up to 25,300,000 Common Shares will expire at the close of trading on November 6, 2026. As at the close of trading on October 30, 2026, Magna had purchased all 25,300,000 Common Shares under the current normal course issuer bid at weighted average prices of C$86.13 and US$62.10 through the facilities of the TSX and NYSE as well as through alternative trading systems in Canada and the United States. Of such repurchases, 25,044,933 Common Shares were cancelled, and the remainder of the repurchased Common Shares funded Magna’s stock-based compensation programs.

Agreement to Establish an Automatic Purchase Plan

Effective as of the start of the NCIB, Magna today announces that it has also entered into an agreement establishing an automatic share purchase plan (the "Automatic Purchase Plan") with a designated broker to facilitate the purchase of Common Shares under the NCIB. Under the Automatic Purchase Plan, Magna may, from time to time, provide instructions and strict parameters regarding how its Common Shares can be purchased during times when it would ordinarily not be permitted to purchase Common Shares due to regulatory restrictions or self-imposed blackout periods. The Automatic Purchase Plan terminates on the earliest date on which: (a) the purchase limit specified in the Automatic Purchase Plan has been reached; (b) Magna terminates the Automatic Purchase Plan in accordance with its terms, in which case Magna will issue a press release confirming such termination; and (c) the NCIB terminates.

TAGS
Normal Course Issuer Bid, NCIB, Rule 10b-18, Share Repurchases, Stock Buyback, Automatic Purchase Plan

INVESTOR CONTACT
Louis Tonelli, Vice President, Investor Relations
louis.tonelli@magna.com │ 905.726.7035

MEDIA CONTACT
Tracy Fuerst, Vice President, Corporate Communications & PR
tracy.fuerst@magna.com │ 248.761.7004

ABOUT MAGNA
Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets globally. With operations in 27 countries, we combine global scale with trusted reliability and proven execution. Backed by nearly seven decades of experience, we bring together deep manufacturing expertise with innovative vehicle systems to deliver performance, safety, and quality.​

For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.

FORWARD-LOOKING STATEMENTS
This press release contains statements that are not recitations of historical fact and constitute "forward-looking statements" within the meaning of applicable securities legislation, including, but not limited to, Magna’s intention to commence the NCIB, the timing, methods and quantity of any purchases under the NCIB, the availability of cash for repurchases of Common Shares under the NCIB, and compliance with applicable laws and regulations pertaining to the NCIB. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, objectives or economic performance, or the assumptions underlying any of the foregoing. We use words such as "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "outlook", "project", "estimate" and similar expressions suggesting future outcomes or events to identify forward-looking statements. Any such forward-looking statements are based on information currently available to us, and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. However, whether actual results and developments will conform to our expectations and predictions is subject to a number of risks, assumptions and uncertainties, many of which are beyond our control, and the effects of which can be difficult to predict. These risks, assumptions and uncertainties include, without limitation, the impact of: macroeconomic and geopolitical events; economic cyclicality; relative foreign exchange rates; financial flexibility risks; stock price fluctuations; legal and regulatory proceedings against us; changes in laws and other factors set out in our Annual Information Form filed with securities commissions in Canada and our annual report on Form 40-F filed with the United States Securities and Exchange Commission, and subsequent filings. In evaluating forward-looking statements, we caution readers not to place undue reliance on any forward-looking statements and readers should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99 PRESS RELEASE 9.4 KB