Connect with us

Technology

S&P 500 Q3 2024 Buybacks Decrease 4.0% from Q2 2024, as 12-month Expenditure Increases 4.7% from Previous Year; Earnings Per Share Increases from Buybacks Improves; Buybacks Tax Results in a 0.42% Reduction in Q3 Operating Earnings and 0.48% Reduction in Q3 Earnings

Published

1 year ago

on

S&P 500 Q3 2024 buybacks were $226.6 billion, down 4.0% from Q2 2024’s $235.9 billion and up 22.1% from Q3 2023’s $185.6 billionThe 12-month September 2024 expenditure of $918.4 billion was up 16.7% from the prior 12-month expenditure of $787.3 billion Consumer Discretionary increased spending by 13.5%, as Information Technology and Health Care reduced their spending by 6.4% and 10.2% respectively The net buyback 1% tax reduced Q3 2024 operating earnings by 0.42% and As Reported GAAP by 0.48%

NEW YORK, Dec. 13, 2024 /PRNewswire/ — S&P Dow Jones Indices (S&P DJI) today announced the preliminary S&P 500® stock buybacks or share repurchases data for Q3 2024.

Historical data on S&P 500 buybacks is available at www.spdji.com/indices/equity/sp-500.

Key Takeaways:

Q3 2024 share repurchases were $226.6 billion, down 4.0% from Q2 2024’s $235.9 billion expenditure, and up 22.1% from Q3 2023’s $185.6 billion.For the 12-months ending September 2024, buybacks were $918.4 billion, up from $787.3 billion for the prior 12-month September 2023 period; the 12-month peak was in June 2022 with $1.005 trillion.332 companies reported buybacks of at least $5 million for the quarter, up from 324 in Q2 2024 and up from 281 in Q3 2023; 381 companies did some buybacks for the quarter, up from 373 in Q2 2024 and up from 362 in Q3 2023; 425 companies did some buybacks in the last 12-month period, up from 420 in the prior 12-month period.Buybacks remained top heavy, as concentration increased, with the top 20 S&P 500 companies accounting for 53.2% of Q3 2024 buybacks, up from Q2 2024’s 52.3%, and above the historical average of 47.6% and the pre-COVID historical average of 44.5%.13.7% of companies reduced share counts used for earnings per share (EPS) by at least 4% year-over-year, up from Q2 2024’s 12.7% and down from Q3 2023’s 13.8%; for Q3 2024 174 issues increased their shares used for EPS over Q2 2024, and 277 reduced them.S&P 500 Q3 2024 dividends increased 2.4% to a record $157.0 billion from Q2 2024’s $153.4 billion and were 8.9% greater than the $144.2 billion in Q3 2023.For the 12-month’s ending September, dividends set a record $616.2 billion payments, up 6.2% on an aggregate basis from the prior 12-month September 2023’s $580.2 billion.Total shareholders return of buybacks and dividends decreased to $383.6 billion in Q3 2024, down 1.5% from Q2 2024’s $389.3 billion and up 16.3% from Q3 2023’s $329.8 billion.Total shareholder returns for the 12-months ending September 2024 increased 12.2% to $1.535 trillion from the prior 12-month periods $1.367 trillion.The 1% tax on net buybacks, which started in 2023, reduced the Q3 2024 S&P 500 operating earnings by 0.42%, down from Q2 2024’s 0.45%, as it reduced As Reported GAAP earnings by 0.48%, down from the prior 0.49%. For the 12-month September 2024 period, the 1% tax on net buybacks reduced earnings by 0.45% for operating and 0.50% for As Reported.

“After declining in 2023, companies have increased their buyback expenditure, but have remained in a dollar range for the first three quarters of 2024. This was amidst significant stock price increases with the result being fewer shares purchased and less of an upward EPS push. Additionally, with big-cap stocks up nearly 30% year-to-date, it is difficult for companies to keep up with that much of an increase in their buyback budget, especially with two-thirds paying dividends in addition to buybacks. However, Q4 2024 buybacks appear to have increased so far, even as stock prices have moved up, as companies’ stock-up on issues needed for employee options, and ahead of any uncertainty over 2025 buyback restrictions or an increase in the 1% buyback tax,” said Howard Silverblatt, Senior Index Analyst at S&P Dow Jones Indices.

1% Buyback Excise Tax:

The 1% excise tax on net buybacks reduced Q3 2024 operating earnings by 0.42%, down from Q2 2024’s 0.45% and up from the 0.39% for Q3 2023. The 12-month impact was 0.45%, up from the 12-month September 2023’s 41%. The tax on As Reported GAAP earnings impact decreased to 0.48%, down from Q2 2024’s 0.49% and up from Q3 2023’s 0.42%. The 12-month impact was 0.50%, up from September 2023’s 0.46%.

Silverblatt added: “The 1% tax remains a manageable expense and has not impacted overall buybacks at this point. However, given the initial 1% buyback tax had bipartisan support and remains an attractive cash generator, there is an expectation that some increase or potential change to the type of buybacks that are taxed will remain on the table as the U.S. budget negotiations start. Given the current corporate sensitivity to costs, a buyback tax rate of 2% to 2.5% was seen as impacting both buybacks and the EPS impact of share-count-reduction, which is already at a lower level due to higher stock prices. Under an increased tax, some of the expenditures may shift from buybacks to dividends. However, any shift would not be on a-dollar-for-dollar basis as dividends remain a long-term pure cash-flow item which must be incorporated into corporate budgets.”

Q3 2024 GICS® Sector Analysis:

Information Technology maintained its lead in buybacks, even as it decreased its expenditure by 6.4%, representing 28.2% of all buybacks for the quarter. Q3 2024 expenditures declined to $64.0 billion, compared to Q2 2024’s $68.4 billion, and was up 31.8% from Q3 2023’s $48.6 billion expenditure. For the 12-months ending September 2024, the sector increased its expenditure 23.4% to $249.5 billion, representing 26.8% of all S&P 500 buybacks, compared to $199.3 billion spent in the prior 12-month period ending September 2023, which represented 25.3% of all buybacks.

Financials decreased buybacks by 2.7% for Q3 2024 as it collectively spent $44.1 billion on buybacks, accounting for 19.4% of all S&P 500 buybacks. This was down for the quarter compared to Q2 2024’s expenditure of $45.3 billion, and up 50.3% from Q3 2023’s $29.3 billion. For the 12-month September 2024 period, Financials spent $161.8 billion, up from $131.4 billion for the prior 12-month period.

Healthcare decreased its Q3 2024 expenditure by 10.2%, spending $16.9 billion, compared to the Q2 2024 expenditure of $18.8 billion, and was up 13.0% from the Q3 2023 $15.0 billion expenditure. For the 12-months ending September 2024, the sector spent $74.4 billion, down from the prior period’s expenditure of $76.0 billion.

Consumer Discretionary increased their spending in Q3 2024 by 13.5% to $20.6 billion, up from the prior $18.2 billion and up 9.5% from the Q3 2023 expenditure of $18.8 billion.

Energy increased their spending by 9.9% to $18.3 billion from Q2 2024’s $16.7 billion and was 12.8% higher than the $16.2 billion spent in Q3 2023.

Issues:

The five issues with the highest total buybacks for Q3 2024 were:

Apple (AAPL): continued to dominate the issue level buybacks, as it again spent the most of any issue with its Q3 2024 expenditure, ranking as the 4th highest in S&P 500 history. For the quarter, the company spent $25.4 billion, down from Q2 2024’s $28.8 billion (which is the largest in index history). Apple holds 18 of the top 20 record quarters (Meta Platforms holds #16 and QUALCOMM holds #18). For the 12-months ending September 2024, Apple spent $100.4 billion on buybacks, up from the prior 12-month period’s $83.0 billion. Over the five-year period, Apple has spent $448 billion, and $695 billion over the ten-year period.Alphabet (GOOG/L): $15.3 billion for Q3 2024, down from $15.7 billion in Q2 2024; the 12-month expenditure was $62.9 billion versus the prior expenditure of $60.7 billion.NVIDA (NVDA): $12.7 billion for Q3 2024, up from $8.8 billion in Q2 2024; the 12-month expenditure was $34.5 billion versus $10.4 billion.Meta Platforms (META): $12.4 billion for Q3 2024, up from $9.5 billion in Q2 2024; the 12-month expenditure was $48.2 billion versus $26.1 billion.JP Morgan (JPM): $6.4 billion for Q3 2024, up from $5.3 billion in Q2 2024; the 12-month expenditure was $16.8 billion versus $7.5 billion.

For more information about S&P Dow Jones Indices, please visit  https://www.spglobal.com/spdji/en/. 

S&P Dow Jones Indices

S&P 500 proforma net buyback tax impact

TAX

TAX % OF

TAX % OF

$ BILLIONS

OPERATING

AS REPORTED

12 Mo Sep,’24

$8.50

0.45 %

0.50 %

12 Mo Sep,’23

$7.16

0.41 %

0.46 %

9/30/2024

$2.11

0.42 %

0.48 %

6/30/2024

$2.20

0.45 %

0.49 %

3/31/2024

$2.18

0.47 %

0.54 %

2023

$7.24

0.40 %

0.45 %

2022 proforma

$8.47

0.51 %

0.58 %

2021 proforma

$7.93

0.45 %

0.47 %

 

S&P Dow Jones Indices

S&P 500, $ U.S. BILLIONS

(preliminary in bold)

PERIOD

MARKET

OPERATING

AS REPORTED

DIVIDEND &

VALUE

EARNINGS

EARNINGS

DIVIDENDS

BUYBACKS

DIVIDEND 

BUYBACK 

BUYBACK 

$ BILLIONS

$ BILLIONS

$ BILLIONS

$ BILLIONS

$ BILLIONS

YIELD

YIELD

YIELD

12 Mo Sep,’24 Prelim.

$48,701

$1,902.69

$1,685.91

$616.16

$918.40

1.27 %

1.89 %

3.15 %

12 Mo Sep,’23

$35,938

$1,756.47

$1,541.07

$580.21

$787.26

1.61 %

2.19 %

3.81 %

2023

$40,039

$1,787.36

$1,610.73

$588.23

$795.16

1.47 %

1.99 %

3.46 %

2022

$32,133

$1,656.66

$1,453.43

$564.57

$922.68

1.76 %

2.87 %

4.63 %

2021

$40,356

$1,762.75

$1,675.22

$511.23

$881.72

1.27 %

2.18 %

3.45 %

2020

$31,659

$1,019.04

$784.21

$483.18

$519.76

1.53 %

1.64 %

3.17 %

2019

$26,760

$1,304.76

$1,158.22

$485.48

$728.74

1.81 %

2.72 %

4.54 %

2018

$21,027

$1,281.66

$1,119.43

$456.31

$806.41

2.17 %

3.84 %

6.01 %

9/30/2024 Prelim

$48,701

$502.01

$441.41

$157.04

$226.56

1.27 %

1.89 %

3.15 %

6/28/2024

$45,843

$489.95

$445.96

$153.41

$235.93

1.32 %

1.91 %

3.23 %

3/28/2024

$44,078

$458.28

$397.38

$151.61

$236.82

1.35 %

1.85 %

3.20 %

12/31/2023

$40,039

$452.44

$401.16

$154.10

$219.09

1.47 %

1.99 %

3.46 %

9/30/2023

$35,938

$437.90

$399.35

$144.18

$185.62

1.61 %

2.19 %

3.81 %

6/30/2023

$37,162

$457.93

$405.66

$143.20

$174.92

1.55 %

2.19 %

3.74 %

3/31/2023

$34,342

$439.08

$404.57

$146.76

$215.53

1.67 %

2.50 %

4.17 %

12/31/2022

$32,133

$421.55

$331.50

$146.07

$211.19

1.76 %

2.87 %

4.63 %

9/30/2022

$30,119

$422.94

$373.04

$140.34

$210.84

1.83 %

3.26 %

5.09 %

6/30/2022

$31,903

$395.02

$360.21

$140.56

$219.64

1.70 %

3.15 %

4.85 %

3/31/2022

$38,288

$417.16

$388.68

$137.60

$281.01

1.37 %

2.57 %

3.94 %

12/31/2021

$40,356

$480.35

$456.72

$133.90

$270.10

1.27 %

2.18 %

3.45 %

9/30/2021

$36,538

$441.26

$420.64

$130.04

$234.64

1.37 %

2.03 %

3.40 %

 

S&P Dow Jones Indices

S&P 500 SECTOR BUYBACKS

SECTOR $ MILLIONS

Q3,’24

Q2,’24

Q3,’23

12MoSep,’24

12MoSep,’23

5-YEARS

10-YEARS

Consumer Discretionary

$20,605

$18,156

$18,809

$83,536

$73,592

$365,235

$791,744

Consumer Staples

$7,734

$10,466

$5,014

$39,240

$22,595

$161,100

$369,936

Energy

$18,313

$16,669

$16,233

$65,200

$73,623

$204,808

$293,020

Financials

$44,054

$45,286

$29,303

$161,844

$131,433

$713,734

$1,334,993

Healthcare

$16,906

$18,825

$14,960

$74,441

$75,956

$379,165

$789,673

Industrials

$15,852

$16,829

$14,286

$76,647

$63,513

$305,574

$659,760

Information Technology

$63,981

$68,356

$48,554

$245,911

$199,264

$1,163,809

$2,035,428

Materials

$4,454

$5,192

$5,278

$17,849

$18,753

$92,855

$154,619

Real Estate

$204

$728

$853

$1,795

$2,178

$11,644

$21,673

Communication Services

$33,818

$34,478

$32,020

$148,137

$124,343

$589,004

$641,074

Utilities

$636

$940

$306

$3,797

$2,010

$13,284

$22,427

TOTAL

$226,557

$235,926

$185,615

$918,398

$787,260

$4,000,212

$7,114,347

SECTOR BUYBACK MAKEUP %

Q3,’24

Q2,’24

Q3,’23

12MoSep,’24

12MoSep,’23

5-YEARS

10-YEARS

Consumer Discretionary

9.09 %

7.70 %

10.13 %

9.10 %

9.35 %

9.13 %

11.13 %

Consumer Staples

3.41 %

4.44 %

2.70 %

4.27 %

2.87 %

4.03 %

5.20 %

Energy

8.08 %

7.07 %

8.75 %

7.10 %

9.35 %

5.12 %

4.12 %

Financials

19.44 %

19.20 %

15.79 %

17.62 %

16.69 %

17.84 %

18.76 %

Healthcare

7.46 %

7.98 %

8.06 %

8.11 %

9.65 %

9.48 %

11.10 %

Industrials

7.00 %

7.13 %

7.70 %

8.35 %

8.07 %

7.64 %

9.27 %

Information Technology

28.24 %

28.97 %

26.16 %

26.78 %

25.31 %

29.09 %

28.61 %

Materials

1.97 %

2.20 %

2.84 %

1.94 %

2.38 %

2.32 %

2.17 %

Real Estate

0.09 %

0.31 %

0.46 %

0.20 %

0.28 %

0.29 %

0.30 %

Communication Services

14.93 %

14.61 %

17.25 %

16.13 %

15.79 %

14.72 %

9.01 %

Utilities

0.28 %

0.40 %

0.16 %

0.41 %

0.26 %

0.33 %

0.32 %

TOTAL

100.00 %

100.00 %

100.00 %

100.00 %

100.00 %

100.00 %

100.00 %

 

S&P Dow Jones Indices

S&P 500 20 LARGEST Q3 2024 BUYBACKS, $ MILLIONS 

Company  

Ticker

Sector

Q3 2024

Q2 2024

Q3 2023

12-Months

12-Months

5-Year

10-Year

Indicated

Buybacks

Buybacks

Buybacks

Sep,’24

Sep,’23

Buybacks

Buybacks

Dividend

$ Million

$ Million

$ Million

$ Million

$ Million

$ Million

$ Million

$ Million

Apple 

AAPL

Information Technology

$25,361

$28,810

$21,315

$100,390

$82,981

$447,515

$695,312

$15,204

Alphabet

GOOGL

Communication Services

$15,291

$15,684

$15,787

$62,862

$60,720

$254,992

$286,684

$4,687

NVIDIA

NVDA

Information Technology

$12,676

$8,795

$4,570

$34,463

$10,373

$57,727

$63,828

$984

Meta Platforms

META

Communication Services

$12,361

$9,507

$5,657

$48,203

$26,141

$160,186

$186,187

$4,369

JPMorgan Chase

JPM

Financials

$6,361

$5,336

$2,382

$16,804

$7,549

$59,191

$128,042

$14,226

Visa

V

Financials

$5,867

$4,535

$3,756

$16,921

$12,231

$57,955

$91,193

$3,942

Exxon Mobil

XOM

Energy

$5,512

$5,326

$4,412

$18,505

$17,767

$47,485

$57,614

$17,594

Chevron

CVX

Energy

$4,714

$2,930

$3,334

$13,932

$14,698

$37,297

$41,992

$11,090

Microsoft 

MSFT

Information Technology

$4,107

$4,210

$4,831

$16,530

$21,503

$121,743

$196,231

$24,678

Bank of America 

BAC

Financials

$3,534

$3,535

$1,000

$10,380

$4,763

$59,117

$119,907

$7,021

Wells Fargo

WFC

Financials

$3,435

$6,012

$1,480

$17,798

$9,507

$59,433

$128,399

$5,446

Aptiv 

APTV

Consumer Discretionary

$3,076

$431

$0

$4,429

$129

$4,759

$8,387

$0

Mastercard

MA

Financials

$2,935

$2,643

$1,908

$9,580

$9,699

$37,409

$59,130

$2,178

Marathon Petroleum 

MPC

Energy

$2,701

$2,896

$2,819

$10,320

$9,067

$30,860

$39,248

$1,218

Adobe

ADBE

Information Technology

$2,668

$2,635

$1,120

$8,727

$5,604

$28,760

$37,203

$0

Cisco Systems

CSCO

Information Technology

$2,168

$2,242

$1,453

$7,496

$5,679

$28,141

$81,114

$6,446

Comcast 

CMCSA

Communication Services

$1,990

$2,266

$3,543

$10,441

$11,285

$36,817

$62,107

$4,790

Procter & Gamble 

PG

Consumer Staples

$1,939

$1,516

$1,500

$5,445

$4,853

$39,715

$63,805

$9,487

American Express 

AXP

Financials

$1,935

$1,762

$1,400

$5,890

$3,389

$22,044

$41,754

$1,573

PayPal Holdings

PYPL

Financials

$1,817

$1,564

$1,459

$5,688

$5,645

$21,744

$29,565

$0

Top 20   

$120,448

$112,635

$83,726

$424,804

$323,583

$1,612,890

$2,417,702

$134,933

S&P 500

$226,557

$235,926

$185,615

$918,398

$787,260

$4,000,212

$7,114,347

$631,944

Top 20 % of S&P 500

53.16 %

47.74 %

45.11 %

46.25 %

41.10 %

40.32 %

33.98 %

21.35 %

   Gross values are not adjusted for float

 

S&P Dow Jones Indices

S&P 500 Q3 2024 Buyback Report

SECTOR

DIVIDEND

BUYBACK 

COMBINED

YIELD

YIELD

YIELD

Consumer Discretionary

0.62 %

1.44 %

2.06 %

Consumer Staples

2.42 %

1.42 %

3.84 %

Energy

3.23 %

3.83 %

7.06 %

Financials

1.42 %

2.30 %

3.72 %

HealthCare

1.70 %

1.40 %

3.10 %

Industrials

1.31 %

1.77 %

3.08 %

Information Technology

0.59 %

1.51 %

2.10 %

Materials

1.85 %

1.73 %

3.58 %

Real Estate

3.24 %

0.16 %

3.40 %

Communications Services

0.99 %

3.84 %

4.83 %

Utilities

2.90 %

0.35 %

3.25 %

S&P 500

1.25 %

1.82 %

3.06 %

   Uses full values (unadjusted for float)

   Dividends based on indicated; buybacks based on the last 12-months ending Q3,’24

 

Share Count Changes

(Y/Y diluted shares used for EPS)

>=4%

<=-4%

Q3 2024

4.84 %

13.71 %

Q2 2024

5.04 %

12.70 %

Q1 2024

4.62 %

13.25 %

Q4 2023

3.81 %

12.63 %

Q3 2023

4.60 %

13.80 %

Q2 2023

4.22 %

16.27 %

Q1 2023

4.02 %

18.47 %

Q4 2022

5.01 %

19.44 %

Q3 2022

7.21 %

21.24 %

Q2 2022

8.42 %

19.84 %

Q1 2022

7.62 %

17.64 %

Q4 2021

10.06 %

14.89 %

Q3 2021

10.22 %

7.41 %

 

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P Dow Jones Indices has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: https://www.spglobal.com/spdji/en/.

S&P Dow Jones Indices Media Contacts:
April Kabahar
(+1) 917 796 3121
april.kabahar@spglobal.com

Alyssa Augustyn
(+1) 773 919 4732
alyssa.augustyn@spglobal.com

S&P Dow Jones Indices Index Services:
Howard Silverblatt
Senior Index Analyst
(+1) 973 769 2306
howard.silverblatt@spglobal.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/sp-500-q3-2024-buybacks-decrease-4-0-from-q2-2024–as-12-month-expenditure-increases-4-7-from-previous-year-earnings-per-share-increases-from-buybacks-improves-buybacks-tax-results-in-a-0-42-reduction-in-q3-operating-earning-302331086.html

SOURCE S&P Dow Jones Indices

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Products That Count Announces the Winners of the 2026 CPO Awards, Honoring the Product Leaders Redefining Their Craft in the AI Era

Published

17 minutes ago

on

May 1, 2026

By

The annual Awards recognize Chief Product Officers whose scope, influence, and impact have expanded dramatically as AI reshapes every organization.

SAN FRANCISCO, May 1, 2026 /PRNewswire-PRWeb/ — Products That Count, the world’s largest nonprofit community of product managers with over 600,000 members, today announced the winners of the 2026 CPO Awards. The Awards, produced in partnership with Mighty Capital, celebrate the Chief Product Officers whose leadership is shaping how products are built, shipped, and scaled in a moment of unprecedented change.

“The CPO mandate has fundamentally expanded,” said SC Moatti, Founder and Managing Partner of Products That Count. “Our winners this year are setting the standard for what the role becomes when AI is woven into every layer of the business. They are the builders other builders learn from.”

The role of the Chief Product Officer has never been broader. Today’s CPOs are architecting the systems, teams, and decisions that determine whether their companies win in the AI era.

The 2026 CPO Award Winners, by category:

President / CEO: Former CPOs who have elevated to the top role.

Eglae Recchia, CPO, Keyway

Maria Thomas, CEO (promoted from CPO), Rebrandly

Nabil Bukhari, President, Extreme Networks

Shiven Ramji, President & Chief Product Officer, Okta

Investor Mindset: Treating product like a portfolio of bets, with M&A as a strategic lever.

Achuth Rao, CPO, New York Life Insurance Company

Andrew Tsao, CPO & Analytics Officer, Audible

Dane Glasgow, CPO, Paramount/Skydance

Diana Benli, Chief Product Officer, Cognizant

Diego Dugatkin, Chief Product Officer, Box

Mike Bidgoli, CPO & CTO, Tubi

Vasu Murthy, CPO, Cohesity

Vrushali Paunikar, CPO, Carta

Ambrish Verma, Chief Product Officer, Ingram Micro

Enterprise Scale: Operating in complexity. Not speed alone, but transformation at scale.

Carla Guzzetti, Chief Product Officer, Cloud Applications, Extreme Networks

Eddie Garcia, Chief Product Officer, eBay

Gautam Shah, Chief Product Officer, Carelon

Ghazal Badiozamani, SVP of Product Management, Cengage

Kelli Fielding, Chief Product Officer, Europe, TransUnion

Mikhail Vaysbukh, Chief Product Officer, Elsevier

Monica Ugwi, GM, Copilot + Agents for Manufacturing & Mobility, formerly Microsoft

Randall Hounsell, SVP Connected Living Product, Comcast

Rita Khan, Chief Consumer & Digital Officer, formerly Optum

Ryan Bergstrom, Chief Product Officer, Paychex

Tim Simmons, Chief Product Officer, formerly Walmart International

Tina Tarquinio, Chief Product Officer, IBM Z and LinuxONE, IBM

Todd Garner, CPO, Sam’s Club

Trey Courtney, Global Chief Product & Partnerships Officer, Mood Media

Wyatt Jenkins, SVP Product, Intuit

Shayani Roy, SVP Product Management and Design, OpenTable

Scale Up: Growth-stage leaders putting the scale in place.

Aaron Seevers, Chief Product Officer, Noom

Avijit Sinha, SVP Corporate Development, EDB

Hannah Park, Chief Product Officer, Planned Parenthood

Joe Futty, CPO & CTO, Pipedrive

Jonathan Shottan, Chief Product Officer, Tonal

Kimberly Bloomston, CPO, 6sense

Kousthub Raghavan, Chief Product & Digital Officer, CLEAR

Natalia Williams, Chief Product Officer, Qonto

Nikita Miller, Chief Product Officer, Perk

Nilesh Khandelwal, Chief Product Officer, Rakuten Rewards

Paul Burke, CPO, Reveleer

Randhir Vieira, CPO, formerly Healthify

Renn Turiano, CPO, Gannett – USA Today Network

Sarah Turrin, CPO, Color

Emerging: On an amazing trajectory, regardless of tenure.

Adam Kelsey, EVP, Product Management, SignalWire

Apurva Garware, SVP, Head of Product, Invisible Technologies

Chai Atreya, Chief Product Officer, ActiveCampaign

Jack Brody, Chief Product Officer, Suno

John Barrus, VP of Product Management, Niobium

Kevin Swint, former Co-Founder & CPO, RemixAI

Nirmal Kumar, CPO, Aliaswire

Rafael Flores, Chief Product Officer, Treasure Data.ai

Sarah Jacob Singh, CPO & CTO, Medbridge

Sarosh Waghmar, CPO & Co-Founder, Spotnana

Vanessa Davis, CPO, LegalOn

Vikas Seth, CPO, ARIS

Platform: Multiplying impact beyond their own product by leveraging the ecosystem at scale.

Arnab Bose, CPO, Asana

Kishan Chetan, EVP & GM, Agentforce Service Cloud, Salesforce

Shardul Vikram, Chief Product Officer, SAP Application AI, SAP

Tom Occhino, Chief Product Officer, Vercel

Rohit Badlaney, CPO & General Manager, IBM Cloud Platform, IBM

Terre Layton, former CPO, BetterHealth

B.J. Boyle, Chief Product Officer, MacroHealth

Winners were selected by an Independent Advisory Council of seasoned product executives based on impact and leadership.

ABOUT PRODUCTS THAT COUNT

Products That Count is the world’s largest nonprofit community, engaging 600,000+ product managers and Chief Product Officers (CPOs) united by a mission: to empower everyone to build products that truly count. In a world flooded with products, only a few ignite passion, deliver value at scale, and transform lives. Behind those exceptional products are visionary CPOs and high-performing product teams driving innovation at the most bleeding-edge companies. We recognize these trailblazers through our coveted Awards, accelerate careers from PM to the C-suite and beyond through daily best practices, and serve as the trusted advisor to nearly all Fortune 1000 CPOs. Our Corporate Alliance includes Walmart, Ford, Cisco, Johnson & Johnson, Amplitude, and more. The most admired product leaders across industries serve on our Advisory Council, guiding the future of product leadership. Together, we’re shaping a future where every product counts. Learn more at productsthatcount.org

ABOUT MIGHTY CAPITAL

Mighty Capital is the VC firm that leverages the Product Alpha Effect, a data-backed framework for outperformance that proves great products drive great businesses. Founded in 2018 by SC Moatti, a product visionary and former Meta product leader, and Jennifer Vancini, a veteran of tech investing and M&A, we bring a differentiated edge to venture. Through Moatti’s 600,000-strong Products That Count network of product leaders, we see where the world is going before others do. That proprietary signal gives us an advantage in sourcing, diligence, and post-investment value creation. Our portfolio speaks for itself: 1 in 5 companies is a category leader like Amplitude (NASDAQ:AMPL), Groq, and Netskope (NASDAQ:NTSK). Founders consistently call us the most value-add investor on their cap table, and use our global product ecosystem as a marketplace to accelerate time to revenue, scale, and exit. Anchored by GCM Grosvenor, we’re deploying Fund III with both prior funds in top decile DPI and TVPI, more than $20B in value created, and 6 IPOs to date. Learn more at Mighty.Capital.

Media Contact

Emma Shirlin, Products That Count, 1 8287020154, emmashirlin@productsthatcount.com

View original content:https://www.prweb.com/releases/products-that-count-announces-the-winners-of-the-2026-cpo-awards-honoring-the-product-leaders-redefining-their-craft-in-the-ai-era-302759934.html

SOURCE Products That Count

Continue Reading

Technology

Thomson Reuters Announces Cash Distribution Per Share and Share Consolidation Ratio for Return of Capital and Share Consolidation Transactions

Published

17 minutes ago

on

May 1, 2026

By

Participating shareholders to receive cash distribution of US$1.435518 per common share

Shares to begin trading on a post-consolidated basis on May 4, 2026

TORONTO, May 1, 2026 /PRNewswire/ — Thomson Reuters (TSX/Nasdaq: TRI) today announced the cash distribution per share and the share consolidation ratio for its return of capital and share consolidation transactions, which have received the requisite approvals and will be effective at 3:01 a.m. (Toronto time) on May 4, 2026. The company’s common shares will begin trading on the Toronto Stock Exchange (TSX) and the Nasdaq on a post-consolidated basis when the markets open on May 4, 2026. The company’s trading symbol will remain “TRI” on both exchanges. The new CUSIP number for the post-consolidated common shares is 884903881 and the new ISIN number is CA8849038812.

The return of capital and share consolidation transactions consist of a distribution of US$1.435518 per common share (US$605 million in the aggregate) and a consolidation of the company’s outstanding common shares (or “reverse stock split”) at a ratio of 1 pre-consolidated share for 0.984560 post-consolidated shares. The share consolidation is proportional to the special cash distribution and the share consolidation ratio was based on the volume weighted average trading price of the shares on the Nasdaq for the five trading day period which ended today.Eligible shareholders who duly exercised their right to opt out of the return of capital will not receive the cash distribution. Each opting-out shareholder will still participate in the transactions through a share exchange and the share consolidation, but will continue to hold the same number of shares that it currently holds. Such opting-out shareholders will realize a proportionate increase in their equity and voting interests in the company by virtue of the consolidation of the participating shares under the share consolidation.

As promptly as practicable after the transactions are effective, Computershare Investor Services Inc., the company’s depositary for the transactions, will deliver cash distribution amounts to registered participating shareholders, subject to the terms and conditions of the transactions. The effects of the share consolidation will be reflected in the company’s share register. Beneficial or non-registered shareholders participating in the return of capital will receive cash distributions from their intermediary and the effects of the share consolidation will be recorded in their accounts.

Fractional shares will not be issued as part of the return of capital and share consolidation transactions and shareholders will receive the value of any fractional shares in cash, subject to certain exceptions described in the company’s management proxy circular dated March 13, 2026 (the “Circular”).

The Canadian and U.S. tax consequences of the return of capital and share consolidation transactions are complex. Shareholders are encouraged to review the Circular and related materials carefully and to consult their financial, tax and legal advisors.

Further details of the return of capital and share consolidation transactions are described in the Circular and related materials, which are available on www.thomsonreuters.com/2026specialmeeting. The return of capital and share consolidation documents were previously filed with the Canadian securities regulatory authorities on SEDAR+ and are available at www.sedarplus.ca. The documents were also furnished to the U.S. Securities and Exchange Commission through EDGAR and are available at www.sec.gov.  

About Thomson Reuters

Thomson Reuters (TSX/Nasdaq: TRI) informs the way forward by bringing together the trusted content and technology that people and organizations need to make the right decisions. The company serves professionals across legal, tax, audit, accounting, compliance, government, and media. Its products combine highly specialized software and insights to empower professionals with the data, intelligence, and solutions needed to make informed decisions, and to help institutions in their pursuit of justice, truth and transparency. Reuters, part of Thomson Reuters, is the world’s leading provider of trusted journalism and news. For more information, visit thomsonreuters.com.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this news release are forward-looking within the meaning of applicable Canadian and U.S. securities laws, including the Private Securities Litigation Reform Act of 1995, including statements relating to the completion of the return of capital and share consolidation transactions and the anticipated tax treatment for shareholders participating in the return of capital and those opting out. These forward-looking statements are based on certain assumptions and reflect our company’s current expectations. As a result, forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the risk factors discussed in materials that Thomson Reuters from time to time files with, or furnishes to, the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission. There is no assurance that the return of capital and share consolidation transactions will be completed or that other events described in any forward-looking statement will materialize. Except as may be required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements.

CONTACTS
MEDIA
Zoe Zanettos
Director, Corporate Affairs
+1 647 202 8948
zoe.zanettos@thomsonreuters.com 

INVESTORS
Gary E. Bisbee, CFA
Head of Investor Relations 
+1 646 540 3249
gary.bisbee@thomsonreuters.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/thomson-reuters-announces-cash-distribution-per-share-and-share-consolidation-ratio-for-return-of-capital-and-share-consolidation-transactions-302760498.html

SOURCE Thomson Reuters

Continue Reading

Technology

Lockheed Martin Awarded U.S. Space Force Space-Based Interceptor Contracts to Meet Layered Missile Defense Demand

Published

17 minutes ago

on

May 1, 2026

By

HUNTSVILLE, Ala., May 1, 2026 /PRNewswire/ — Lockheed Martin (NYSE: LMT) has been selected by U.S. Space Force Space Systems Command to develop capabilities supporting the Space-Based Interceptor (SBI) program. These agreements mark progress toward fielding core elements of an integrated, layered homeland defense solution. 

This work will accelerate development, testing and integration of SBI capabilities, delivering an early engagement layer that expands coverage, enhances survivability and strengthens deterrence against emerging missile threats.

Lockheed Martin’s SBI system leverages our experience with combat-proven interceptors like THAAD and PAC-3 as well as the Next Generation Interceptor, hypersonic strike systems and missile warning and tracking systems.

The result is an early, additional layer to the multi-domain, layered shield that protects the homeland and critical infrastructure from evolving missile threats.

“Lockheed Martin is already making next generation integrated air and missile defense a reality with our proven capabilities and the expertise across our entire network,” said Robert Lightfoot, Lockheed Martin Space president. “We’re investing in technology and infrastructure, while bringing together the strength of the full industrial base, to deliver advanced capabilities like SBI faster and are committed to delivering an integrated demonstration by 2028.” 

About Lockheed Martin

Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at www.Lockheedmartin.com.

The views and conclusions contained in this document are those of the authors and should not be interpreted as representing the official policies, either expressed or implied, of the U.S. Government.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lockheed-martin-awarded-us-space-force-space-based-interceptor-contracts-to-meet-layered-missile-defense-demand-302760505.html

SOURCE Lockheed Martin

Continue Reading

Trending