GEN Restaurant Group, Inc. announced on March 13, 2025, that its board of directors approved a stock repurchase program. The program authorizes the company to repurchase up to $5.0 million worth of its outstanding Class A common stock. This initiative reflects the company's commitment to managing its capital structure and enhancing shareholder value.
The repurchases may occur through various means, including open market transactions and privately negotiated transactions. The actual timing, manner, number, and value of shares repurchased will be determined at the company's discretion, based on market conditions and other business considerations. The program may be suspended or discontinued at any time.
As part of the program's commencement, GEN intends to adopt a Rule 10b5-1 trading plan. This plan allows for share repurchases during periods when the company might otherwise be restricted from doing so under insider trading laws. The plan will be administered by an independent broker and subject to specific restrictions.
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