Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information about our repurchase of common stock during the three months ended March 31, 2026.
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of a Publicly Announced Program Maximum Dollar Amount of Shares that may yet be Purchased under the Program (in millions)
January 1 - January 31, 2026
687,758 $ 163.57 687,758 $ 1,888
February 1 - February 28, 2026
695,747 $ 159.19 695,747 $ 1,777
March 1 - March 31, 2026
990,041 $ 157.67 990,041 $ 1,621
For the quarter ended March 31, 2026
2,373,546 $ 159.82 2,373,546 $ 1,621
In October 2021, the Board authorized a share repurchase program (Share Repurchase Program). Under this program, shares of the Company's common stock may be repurchased in open market transactions, privately negotiated transactions, or other means in accordance with federal securities laws. The timing, number, and value of shares repurchased will be determined at our discretion, considering factors such as capital allocation priorities, stock market price, general market and economic conditions, legal requirements, and compliance with debt agreements and preferred stock certificates of designation. We expect to complete repurchases under the Share Repurchase Program by the end of 2027.
Board Authorization Dates
Amount Authorized for Share Repurchases
(in billions)
October 2021 $ 2.00
August 2022 1.25
March 2023 1.00
February 2024 1.50
October 2024 1.00
October 2025
1.00
Cumulative authorization at March 31, 2026
$ 7.75
See Note 16 to the Financial Statements for additional information.
Item 3. DEFAULTS UPON SENIOR SECURITIES
None.
65
VISTRA CORP.
Item 4. MINE SAFETY DISCLOSURES
Vistra currently owns and operates, or is in the process of reclaiming, 12 surface lignite coal mines in Texas to provide fuel for its electricity generation facilities. Vistra also owns or leases, and is in the process of reclaiming, two waste-to-energy surface facilities in Pennsylvania. These mining operations are regulated by the MSHA under the Federal Mine Safety and Health Act of 1977, as amended (the Mine Act), along with other federal and state regulatory agencies such as the RCT and Office of Surface Mining. The MSHA inspects U.S. mines, including Vistra's mines, on a regular basis, and if it believes a violation of the Mine Act or any health or safety standard or other regulation has occurred, it may issue a citation or order, generally accompanied by a proposed fine or assessment. Such citations and orders can be contested and appealed, which often results in a reduction of the severity and amount of fines and assessments and sometimes results in dismissal. Disclosure of MSHA citations, orders, and proposed assessments are provided in Exhibit 95.1 to this quarterly report on Form 10-Q.