TSX:TSUInsurance
Is Trisura Group (TSX:TSU) Using Buybacks To Protect Shareholders Or Mask Incentive Dilution?
Earlier this month, Trisura Group Ltd. announced a new normal course issuer bid authorized by its board, allowing the company to repurchase up to 1,427,012 common shares, or 2.98% of its 47,809,021 issued and outstanding shares, with all repurchased stock to be cancelled under a program running through December 8, 2026.
The buyback plan is designed both to offset dilution from equity incentive programs and to return capital to shareholders, effectively tightening the share count over time...