Ferrari (NYSE: RACE) expands multi-year €3.5bn buyback with new €15.7m repurchases
Rhea-AI Filing Summary
Ferrari N.V. reports further progress on its share buyback program. Under the €250 million first tranche of the multi-year buyback of approximately €3.5 billion expected to be executed by 2030, the company repurchased 54,200 common shares on Euronext Milan between January 19 and January 23, 2026, for total consideration of €15,678,758.09 at an average price of €289.2760 per share, excluding fees.
Since the announcement of the first tranche, Ferrari has invested €42,258,342.44 to buy 138,700 common shares. As of January 23, 2026, Ferrari held 16,783,306 common shares in treasury, net of shares assigned under its equity incentive plan, equal to 8.65% of total issued common shares, and 9.12% of total issued share capital including special voting shares.
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FAQ
What was the total amount Ferrari (RACE) spent on these latest buybacks?
For this set of transactions, Ferrari spent a total consideration of €15,678,758.09, excluding fees, at an average price of €289.2760 per share.
How much has Ferrari invested so far in the first tranche of its buyback program?
Since the announcement of the first tranche, Ferrari has invested €42,258,342.44 to repurchase 138,700 common shares on Euronext Milan and the NYSE.
What is the total size and timeline of Ferrari’s multi-year buyback program?
The multi-year share buyback program is for approximately €3.5 billion, expected to be executed by 2030, in line with disclosures from Ferrari’s 2025 Capital Markets Day.
Where can investors find detailed daily data on Ferrari’s buyback transactions?
Ferrari provides a comprehensive overview of buyback transactions on its corporate website under the Buyback Programs section at https://www.ferrari.com/en-EN/corporate/buyback-programs.
