On February 15, 2024, Stellantis announced its 2024 Share Buyback Program (the “Program”) of up to €3 billion to be executed in the open market over a period ending December 31, 2024.

The Company intends to cancel the common shares acquired through the Program apart from a portion of up to €0.5 billion, which will be utilized to execute future employee stock purchase plan activities and equity-based compensation.

On May 1, 2024, Stellantis announced completion of the first tranche of its Program, during which a total of 41,094,781 common shares were purchased, and on June 27, 2024, it announced completion of the second tranche of its Program, during which a total of 51,025,628 common shares were purchased.

On August 1, 2024, the Company announced the launch of the third tranche of its Program covering a maximum amount of up to €1 billion, beginning on August 1, 2024 and ending no later than November 29, 2024. 

The Program is being carried out under the authority granted at the general meeting of shareholders on April 16, 2024, which may be renewed or extended up to a maximum of 10% of the Company’s capital. 

All tranches are managed through agreements with independent investment firms which make their trading decisions concerning the timing of purchases independently of Stellantis.