NASHVILLE, Tenn.—HireRight Holdings Corporation (NYSE: HRT) (“HireRight” or the “Company”), a leading provider of background screening services, today announced its Board of Directors has authorized a two-year $100 million share repurchase program.
Under the repurchase program, the Company may purchase shares of its common stock on a discretionary basis from time to time through open market repurchases, privately negotiated transactions, or other means, including through Rule 10b5-1 trading plans. The timing and actual number of shares repurchased will depend on a variety of factors, including stock price, trading volume, market conditions and other general business considerations. The repurchase program may be modified, suspended, or terminated at any time.
Repurchases under this program may be funded from the Company’s existing cash and cash equivalents and future cash flows. As of September 30, 2022, the Company had $146.5 million in cash and cash equivalents.