What was the weighted-average price per share for shares of The Standardx repurchased in 2023?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
program may be suspended or discontinued at any time and does not have an expiration date.
| Year Ended December 31, | ||||||||
|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||||||
| Total number of shares repurchased (1) | 7,992,256 | 4,123,828 | 4,233,894 | |||||
| Weighted-average price per share | $ | 148.90 | $ | 109.86 | $ | 87.07 | ||
| Aggregate purchase price (2) | $ | 1,190 | $ | 453 | $ | 369 | ||
| Shares repurchased as a percent |
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the weighted-average price per share for shares repurchased by The Standardx in 2023 was $109.86. During 2023, The Standardx repurchased a total of 4,123,828 shares. These repurchased shares represented 4% of the total common stock outstanding.
The share repurchase program does not obligate The Standardx to repurchase any specific dollar amount or number of shares. The program can be suspended or discontinued at any time, and it does not have an expiration date. This flexibility allows The Standardx to manage its capital in response to market conditions and other factors.
For a prospective franchisee, understanding The Standardx's share repurchase activity can provide insights into the company's financial health and capital allocation strategies. While share repurchases don't directly impact franchise operations, they reflect the company's overall financial management and its commitment to enhancing shareholder value. It is important to note that these repurchases may be made in the open market or through privately negotiated transactions, at prices The Standardx deems appropriate.