# Performance Shipping Board Approves Share Buyback of Up to $4 Million

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/52392
Published: 2026-11-09T15:34:01.000Z
Updated: 2026-11-09T15:34:01.000Z
Section: Business

> The authorization took effect immediately and remains in place through June 30, 2027. The company is not required to repurchase shares.

Performance Shipping Inc.’s board approved a share repurchase authorization of up to $4 million, giving the company through June 30, 2027, to buy back its common shares.

The authorization took effect immediately. Performance Shipping may repurchase shares in the open market or through a Rule 10b5-1 trading plan. The method and timing of any purchases will depend on market conditions and management’s discretion.

The company is not required to buy any shares and may modify or suspend the authorization at any time. It remains in effect through June 30, 2027.