Crawford & Company Repurchases 1M Class A Shares from Majority Holder

What Happened Crawford & Company announced on August 10, 2026 that it entered into a Stock Purchase and Sale Agreement to buy 1,000,000 shares of its Class A Common Stock from Jesse C. Crawford, the company's majority shareholder and father of Non-Executive Chair Jesse C. Crawford, Jr. The purchase price was set at 97% of the official NYSE closing price immediately before the Agreement, for an aggregate purchase price of approximately $12,813,700 (about $12.81 per share). The Audit Committee reviewed and approved the transaction as a related‑party transaction, and the Board also approved the purchase.

Key Details

• Shares purchased: 1,000,000 shares of Class A Common Stock.
• Price: 97% of the NYSE closing price on the business day before the Agreement; aggregate ≈ $12,813,700 (~$12.81/share).
• Approvals: Reviewed and approved by the Audit Committee as a related‑party transaction and separately approved by the Board.
• Post-transaction shares outstanding: 28,686,832 Class A shares and 18,904,905 Class B shares.

Why It Matters This is a company-initiated repurchase from a related party (the majority shareholder), executed at a 3% discount to market and approved by the Audit Committee and Board. For investors, the transaction reduces the Company’s outstanding Class A share count and reflects cash deployed to buy back equity from an insider; it may affect per-share metrics (like earnings per share) going forward and is a notable related‑party action to monitor in future disclosures.