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Signet Jewelers (NYSE: SIG) starts $50M accelerated share repurchase

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Signet Jewelers Limited has entered into a $50 million accelerated share repurchase agreement with Goldman Sachs as part of its ongoing buyback program. The company will pay $50 million and expects an initial delivery of about 480,000 common shares on June 8, 2026.

The final number of shares repurchased will be based on the average daily volume-weighted average price during the calculation period, with potential share or cash true-ups between the parties at settlement. Final settlement is expected between June 12, 2026 and July 17, 2026.

After this transaction is completed, Signet will have approximately $355 million of authorization remaining under its 2017 share repurchase program, allowing for additional buybacks via further accelerated programs, open market purchases, 10b5-1 plans, or block trades.

Positive

  • None.

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Insights

Signet commits $50M to an accelerated buyback within a larger program.

Signet Jewelers is using an accelerated share repurchase to retire a defined dollar amount of stock quickly. The company pays $50 million up front to Goldman Sachs and receives an initial ~480,000 shares, with the final share count set by the volume-weighted average price.

The structure shifts price risk to the calculation period and can lead to share or cash adjustments at settlement, expected between June 12, 2026 and July 17, 2026. The agreement operates within a much larger authorization, leaving $355 million still available for additional repurchases once this ASR is completed.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
ASR Notional Size $50 million Payment to Goldman Sachs under accelerated share repurchase
Initial Shares Delivered approximately 480,000 shares Initial delivery on June 8, 2026
Remaining Authorization $355 million Share repurchase authorization remaining after ASR completion
Settlement Window Start June 12, 2026 Earliest expected ASR final settlement date
Settlement Window End July 17, 2026 Latest expected ASR final settlement date, subject to adjustments
Accelerated Share Repurchase Agreement financial
"entered into a master confirmation and supplemental confirmation (collectively, the “ASR Agreement”)"
An accelerated share repurchase agreement is a deal where a company quickly buys back its own shares by paying a financial institution up front, while the institution delivers shares it borrows and settles the exact quantity later based on market prices. For investors this matters because it immediately reduces the number of shares outstanding and can boost per-share earnings, change cash and leverage levels, and signal management’s view on the stock’s value.
volume-weighted average prices financial
"based on the average of the daily volume-weighted average prices of the Common Shares"
Volume-weighted average price (VWAP) is the average trading price of a stock over a set period, where each trade’s price is weighted by how many shares were exchanged, so large trades influence the average more than small ones. Investors and traders use VWAP like a yardstick to judge whether a trade occurred at a good price relative to the market overall, similar to comparing the average price per pound when shopping where bigger purchases shift the average.
share repurchase authorization financial
"the Company will have approximately $355 million in share repurchase authorization remaining"
A share repurchase authorization is a company's official approval to buy back its own shares from the market. This signals that the company believes its stock is a good investment and can help increase the value of remaining shares by reducing how many are available. For investors, it often suggests confidence from the company and can influence the stock’s price.
10b5-1 plans regulatory
"additional repurchases may be made through additional accelerated share repurchase programs, open market purchases, through 10b5-1 plans"
A 10b5-1 plan is a prearranged, written schedule that lets company insiders buy or sell shares at set times or under set conditions, designed to avoid accusations of trading on nonpublic information. Think of it like scheduling automatic payments: trades happen according to a plan rather than on impulse. Investors watch these plans because they can provide predictable insider selling or buying signals but can also be structured in ways that mask true motives.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  
Date of Report (Date of earliest event reported): June 8, 2026
  
SIGNET JEWELERS LIMITED
(Exact name of registrant as specified in its charter)
 
 Commission File Number: 1-32349
 
BermudaNot Applicable
(State or other jurisdiction of incorporation)(IRS Employer Identification No.)

Clarendon House
2 Church Street
Hamilton
HM11
Bermuda
(Address of principal executive offices, including zip code)
 
 (441) 296 5872
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
  
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Shares of $0.18 eachSIGNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 8.01    Other Events.

Accelerated Share Repurchase Agreement

As part of its previously announced share repurchase plans, on June 8, 2026, Signet Jewelers Limited (the “Company”) entered into a master confirmation and supplemental confirmation (collectively, the “ASR Agreement”) with Goldman Sachs & Co. LLC (“Goldman Sachs”) to repurchase $50 million of the Company’s common shares (the “Common Shares”).

Under the ASR Agreement, the Company will make a payment of $50 million to Goldman Sachs on June 8, 2026 and expects to receive an initial delivery of approximately 480,000 Common Shares on June 8, 2026. The total number of Common Shares that the Company will repurchase under the ASR Agreement will generally be based on the average of the daily volume-weighted average prices of the Common Shares during the calculation period under the ASR Agreement, subject to adjustments upon the occurrence of certain events pursuant to the terms of the ASR Agreement.

Upon final settlement of the ASR Agreement, Goldman Sachs may be required to deliver additional Common Shares to the Company, or, under certain circumstances, the Company may be required to deliver Common Shares or make a cash payment to Goldman Sachs. Final settlement of the ASR Agreement is expected to occur between June 12, 2026 and July 17, 2026, subject to postponement, adjustment, cancellation or early termination upon the occurrence of certain events as provided in the ASR Agreement.

Upon completion of the ASR, the Company will have approximately $355 million in share repurchase authorization remaining under its 2017 Share Repurchase Program, subject to any further repurchases that are made during the term of the ASR Agreement, and additional repurchases may be made through additional accelerated share repurchase programs, open market purchases, through 10b5-1 plans, through block trades or otherwise for programmatic and opportunistic repurchases. The timing, manner, price and amount of any share repurchases will be determined by the Company at its discretion and will be subject to economic and market conditions, stock prices, applicable legal requirements and other factors.

Forward-Looking Statements

Certain statements contained herein are not based on historical fact and are “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the expected payment by the Company under the ASR Agreement, the expected initial delivery of Common Shares, the expected timing of final settlement and the expected number of Common Shares to be repurchased. These statements are subject to risks and uncertainties, including market conditions, the trading price of the Common Shares, the terms of the ASR Agreement and the risks described in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this Current Report on Form 8-K, and the Company undertakes no obligation to update them, except as required by law.



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.
SIGNET JEWELERS LIMITED
Date:
June 8, 2026By:/s/ Joan M. Hilson
Name:Joan M. Hilson
Title:Chief Operating and Financial Officer

FAQ

What did Signet Jewelers (SIG) announce on its latest 8-K?

Signet Jewelers announced a $50 million accelerated share repurchase agreement with Goldman Sachs. The company will pay $50 million upfront and receive an initial delivery of about 480,000 common shares as part of its ongoing share repurchase program.

How large is Signet Jewelers' new accelerated share repurchase?

The accelerated share repurchase has a notional size of $50 million. Signet will pay this amount to Goldman Sachs and ultimately receive a number of shares determined by the average daily volume-weighted average price of its stock during the agreement’s calculation period.

When will Signet Jewelers receive shares under the ASR agreement?

Signet expects an initial delivery of approximately 480,000 common shares on June 8, 2026. The final share amount will be set at settlement, which is expected to occur between June 12, 2026 and July 17, 2026, subject to potential adjustments or postponement.

How many future buybacks can Signet Jewelers still make after this ASR?

After completing this $50 million accelerated share repurchase, Signet will have about $355 million of authorization remaining under its 2017 Share Repurchase Program. This remaining capacity can be used for additional accelerated programs, open market purchases, 10b5-1 plans, block trades, or other repurchases.

How is the final number of Signet shares in the ASR determined?

The final number of shares Signet repurchases will be based on the average of the daily volume-weighted average prices of its common shares during the ASR’s calculation period. Depending on this pricing, either Goldman Sachs or Signet may need to deliver additional shares or a cash payment at settlement.

What timeframe does Signet Jeweler’s ASR settlement cover?

Final settlement of the accelerated share repurchase is expected between June 12, 2026 and July 17, 2026. This window may be postponed, adjusted, canceled, or terminated early if certain events described in the ASR agreement occur during the calculation period.

Filing Exhibits & Attachments

3 documents