Examples of Treasury Stock in a sentence
The $1.0 billion of shares repurchased are included in Treasury Stock in the accompanying Consolidated Balance Sheets as of January 29, 2012.In March 2012, the Company entered into an ASR agreement with a third-party financial institution to repurchase $ 1.0 billion of the Company’s common stock.
Section 2.2. Cancellation of Treasury Stock and Parent Owned Stock.
During the first nine months of 2005, the Company repurchased 4,673,703 shares of Common Stock for $284.5 million for incentive plan transactions to replenish Treasury Stock reissued for stock options exercises, other incentive plan transactions and benefit plans.
However, Treasury Stock can only be re-issued if the proper approval processes have been followed.
This is a convenient way for a company with shares as Treasury Stock to use them to issue back to shareholders.