DuPont announces new $1B share repurchase program

DuPont announced completion of the $2B accelerated share repurchase, or ASR, transaction launched in September 2023 which completes its $5B share repurchase program announced in November 2022. In connection with completion of the $2B ASR transaction, DuPont received and retired in the first quarter of 2024 an additional 6.7M shares of its common stock. In total for the $2B ASR transaction, DuPont received and retired 27.9M shares of its common stock. Additionally, DuPont announced that its board of directors approved a new share repurchase program authorizing the repurchase and retirement of up to $1B of common stock. DuPont intends to enter into ASR transactions under the $1B Program beginning with an ASR transaction expected to be launched imminently to repurchase in aggregate $500 million of common stock. DuPont expects to complete the $1B Program by the end of 2024. Under the $1B Program, repurchases may be made from time to time on the open market at prevailing market prices or in privately negotiated transactions off market. The $1B Program terminates on June 30, 2025, unless extended or shortened by the Board of Directors. The timing and number of shares to be repurchased will depend on factors such as the share price, economic and market conditions, and corporate and regulatory requirements.