Berkshire Hathaway filing provides glimpse of share buyback resumption
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Berkshire Hathaway filed its definitive proxy statement with the SEC late this afternoon ahead of the company's annual shareholders meeting on May 2 in Omaha.
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In this article BRK.B BRK.A Follow your favorite stocks CREATE FREE ACCOUNT (This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire Hathaway filed its definitive proxy statement with the SEC late this afternoon ahead of the company's annual shareholders meeting on May 2 in Omaha. It shows Berkshire bought back the equivalent of 309 Class A shares, roughly $226 million worth, on March 4, the day it resumed repurchases for the first time since May 2024. That's based on the number of outstanding shares as of March 4, the record date of the annual meeting, as shown in the proxy statement. The company disclosed the resumption in a March 5 SEC filing "in the interest of transparency with our leadership transition" but provided no details. New CEO Greg Abel told CNBC last week there won't be any future buyback announcements, except for what's in its regular quarterly financial reports. Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2025. CNBC According to the proxy document, Warren Buffett's total annual compensation last year declined to $389,488 from $405,111 in 2024. That's a drop of close to 4%. It's entirely due to a reduction in the amount Berkshire paid for Buffett's personal and home security services. His salary each year was $100,000, as it has been for decades. New CEO Greg Abel's salary last year was $22 million, up from $21 million the year before. Last week, Abel told CNBC he used his entire after-tax salary to personally buy $15.3 million of Berkshire Class A shares . He plans to continue to buy Berkshire stock with his salary for each year "as long as I'm CEO." Abel's salary this year is $25 million. Berkshire's insurance chief Ajit Jain's 2025 salary was also $22 million, up from $21 million in 2024. Shareholders attend the Berkshire Hathaway Inc annual s...
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