Ferrari (NYSE: RACE) details March 2026 buybacks under €3.5B plan
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Ferrari N.V. filed an update on its share repurchase activity under the €250 million first tranche of its multi-year approximately €3.5 billion buyback program expected to run through 2030.
Between 2 and 6 March 2026, Ferrari repurchased 77,245 common shares on Euronext Milan and the NYSE for total consideration of €23,726,858.44 at an average price of €307.1637 per share, excluding fees. As of 6 March 2026, Ferrari held 17,060,244 common shares in treasury, equal to 8.80% of issued common shares, and 9.23% of total issued share capital including special voting shares.
Positive
- None.
Negative
- None.
FAQ
How does Ferrari’s €3.5 billion multi-year buyback program work?
Ferrari is executing a multi-year share buyback program of approximately €3.5 billion expected to be completed by 2030. The current activity falls under a €250 million first tranche announced in December 2025, aligned with guidance from its 2025 Capital Markets Day.
How much has Ferrari invested in buybacks since January 5, 2026?
Since 5 January 2026, the start of the multi-year buyback program, until 6 March 2026, Ferrari purchased 415,638 own common shares on Euronext Milan and the NYSE, including Sell to Cover transactions, for total consideration of €125,122,266.17 under its authorized plan.
Where can investors find detailed Ferrari (RACE) buyback transaction data?
Ferrari states that a comprehensive overview of transactions under its buyback program, including the detailed trades referenced, is available on its corporate website. Investors can access this information under the Buyback Programs section for transparency on dates, prices, and volumes.
