When will the new $100 million repurchase program become active?

The program becomes effective on September 1, 2026. WD-40 made the board authorization on June 15, 2026, but execution does not commence until the September effective date.

What was the average price WD-40 paid for shares repurchased in Q3?

WD-40 repurchased 31,250 shares for a total cost of $6.8 million during Q3 2026, resulting in an average price of approximately $217.60 per share.

How does this buyback program fit with WD-40's dividend policy?

WD-40 is deploying capital for both dividends and buybacks. On the same date as the board's repurchase authorization, the board declared a quarterly dividend of $1.02 per share, indicating a balanced capital allocation strategy.

What execution mechanism will WD-40 use for repurchases?

The filing does not specify whether WD-40 will use open-market purchases, Rule 10b-18 trading, or another method. The company states repurchases may be made based on market conditions and other factors, subject to applicable laws and debt covenants.

WDFC 8-K Filed 2026-07-09 New authorization

WD-40 Company authorizes $100M share repurchase program

Board approves new buyback plan effective September 1, 2026; company repurchased 31,250 shares in Q3

Authorization$100M

MechanismNot specified

What the filing says

On June 15, 2026, WD-40 Company's Board of Directors approved a new share repurchase program authorizing the repurchase of up to $100.0 million of the Company's outstanding common stock. The program will become effective on September 1, 2026. Repurchases may be made from time to time based on market conditions and other factors, subject to applicable laws, regulations and the Company's existing debt covenants. The program has no expiration date and may be modified, suspended or discontinued at any time at the discretion of the Board of Directors.

During the third quarter of fiscal year 2026, WD-40 repurchased 31,250 shares at a total cost of $6.8 million. The company continues to balance capital allocation between share repurchases and dividend payments, having declared a quarterly cash dividend of $1.02 per share on the same date as the board authorization.

On June 15, 2026, WD-40 Company's Board of Directors approved a new share repurchase program authorizing the repurchase of up to $100.0 million of the Company's outstanding common stock. The program will become effective on September 1, 2026. — WD 40 CO 8-K filing · View on SEC EDGAR →

What this means

WD-40's $100 million authorization represents a significant capital return program that will take effect in early September 2026. With the company reporting diluted share count of approximately 13.5 million shares and current quarterly execution of $6.8 million (31,250 shares), the authorization could represent roughly 3–4 quarters of repurchases at current pacing. The company is balancing this buyback program with ongoing quarterly dividend payments ($1.02 per share), demonstrating a measured approach to shareholder returns alongside organic growth investments and debt management.

Frequently asked questions

When will the new $100 million repurchase program become active?: The program becomes effective on September 1, 2026. WD-40 made the board authorization on June 15, 2026, but execution does not commence until the September effective date.
What was the average price WD-40 paid for shares repurchased in Q3?: WD-40 repurchased 31,250 shares for a total cost of $6.8 million during Q3 2026, resulting in an average price of approximately $217.60 per share.
Does the new authorization have an expiration date?: No. The program has no expiration date and may be modified, suspended or discontinued at any time at the discretion of the Board of Directors.
How does this buyback program fit with WD-40's dividend policy?: WD-40 is deploying capital for both dividends and buybacks. On the same date as the board's repurchase authorization, the board declared a quarterly dividend of $1.02 per share, indicating a balanced capital allocation strategy.
What execution mechanism will WD-40 use for repurchases?: The filing does not specify whether WD-40 will use open-market purchases, Rule 10b-18 trading, or another method. The company states repurchases may be made based on market conditions and other factors, subject to applicable laws and debt covenants.

authorization wdfc consumer-goods $100M-program mid-cap

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.