Crawford & Co. Buys Back 1M Class A Shares for $12.8M

Crawford & Company executed a share buyback, purchasing 1,000,000 shares of its Class A Common Stock from Jesse C. Crawford, a majority shareholder and father of the Non-Executive Chair. The transaction, valued at approximately $12,813,700, was completed at a 3% discount to the market price. The Audit Committee and Board of Directors reviewed and approved the related party transaction, deeming it fair and in the best interests of the company and its shareholders. Following the buyback, the company has 28,686,832 Class A and 18,904,905 Class B shares outstanding.