Verra Mobility Corporation's Board of Directors authorized a new share repurchase program on May 17, 2025, for up to an aggregate amount of $100.0 million of its outstanding Class A Common Stock. This new program allows for repurchases until November 2026.
The repurchases may occur through various methods, including open market purchases, privately negotiated transactions, or other means such as trading plans under Rule 10b5-1 and Accelerated Share Repurchase (ASR) agreements. The timing and amount of repurchases will be determined at the company's discretion.
This authorization follows the completion of a previous share repurchase program in April 2025, under which the company repurchased 4.5 million shares for approximately $112.7 million. The new program signals a continued focus on capital allocation strategies aimed at enhancing shareholder value.
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