PODD · 10-Q · 2026Q2 · Full report
Share Repurchase Program
INSULET CORP · 2026-08-05 · Importance 77 · Surprise 82 · No source text
Insulet repurchased $300.0 million of common stock during the first six months of 2026, compared with $30.1 million in the prior-year period. The company repurchased 1.251 million shares during the six months ended June 30, 2026, reducing treasury stock from $60.4 million at December 31, 2025 to $363.5 million at June 30, 2026. In February 2026, the Board extended the repurchase program through December 31, 2027 and approved additional repurchases, although the filing extract omits the authorization amounts. The February accelerated share repurchase agreements were completed by March 31, 2026.
Key facts
- In February 2026, the Board of Directors extended our $125 million share repurchase program to December 31, 2027 and approved an additional $350 million in repurchases of common stock. source
- During the six months ended June 30, 2026 and 2025, we repurchased common stock for an aggregate purchase price of $300.0 million and $30.1 million, respectively. source
- In February 2026, we entered into accelerated share repurchase agreements to repurchase $300 million of our common stock, which were completed by March 31, 2026. source
- The Board in February 2026 extended the Company’s share repurchase program to December 31, 2027 and approved an additional (amount redacted in filing) in repurchases; the Company entered into accelerated share repurchase agreements in February 2026 to repurchase (amount redacted) of common stock, completed by March 31, 2026. source
- Net cash used in financing activities for the six months ended June 30, 2026: $315.9 million, which included Repurchase of common stock of $300.0 million and Repayment of other debt of $9.1 million. source
- Repurchase of common stock, including excise tax, recorded in equity activity during the six months ended June 30, 2026: $302.6 million (1,251 shares repurchased). source
- Payments for taxes related to net restricted and performance stock unit settlements were $16.2 million and $22.9 million for the six months ended June 30, 2026 and 2025, respectively. source
- The increases were also driven by the reversal of stock-based compensation expense associated with the forfeiture of equity awards due to the departure of our former Chief Executive Officer in the prior year, and to a lesser extent, higher direct-to-consumer advertising spend and consulting costs. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -9.5% | In February 2026, we entered into accelerated share repurchase agreements to repurchase $300 million of our common stock, which were… |
| cash | negative | committed | -9.4% | In February 2026, the Board of Directors extended our $125 million share repurchase program to December 31, 2027 and approved an… |
| cash | negative | realized | — | Net cash used in financing activities for the six months ended June 30, 2026: $315.9 million, which included Repurchase of common stock of… |
| cash | negative | realized | — | Repurchase of common stock, including excise tax, recorded in equity activity during the six months ended June 30, 2026: $302.6 million… |