Plain-English, source-citable definitions of every concept that matters for tracking US corporate share repurchases — from SEC Rule 10b-18 to Stress Capital Buffer constraints on bank buybacks.
a.k.a. ASR, Accelerated Buyback
A structured share-repurchase transaction in which a company contracts with an investment bank to retire a large block of stock immediately, with final share-count and price settled later based on a volume-weighted average price.
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A board-of-directors resolution authorizing management to repurchase up to a specified dollar value or share count of the company's own stock over a defined or open-ended period.
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A current-event SEC report public companies must file within four business days of material corporate events, including the announcement of a new share-repurchase authorization.
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The SEC quarterly report public companies must file within 40–45 days of quarter-end. Includes the issuer-purchase table that discloses month-by-month buyback execution under Rule 10b-18.
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The share of a company's earnings or free cash flow returned to shareholders via dividends plus share repurchases. A key signal of capital-allocation discipline and management's view on internal reinvestment opportunities.
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An SEC safe harbor that protects issuers from market manipulation liability when they buy back their own stock under four conditions: single broker, time-of-day restrictions, price limits, and volume caps.
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A capital-allocation action in which a public company uses its cash to buy back its own shares from the open market or via tender offer, reducing total shares outstanding and returning capital to remaining shareholders.
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A regulatory capital requirement imposed on US bank holding companies based on Federal Reserve stress-test results. SCB directly constrains how much cash large banks can return to shareholders via dividends and buybacks.
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