Telus Leaders Buy Stock as Company Cancels 2.3 Million Shares Under $500 Million Bid

Telus frames the moves as a vote of confidence that supports its debt‑reduction plan.

Overview

Directors and senior executives, including CEO Darren Entwistle, bought 357,090 Telus shares in November and December 2025.
As of December 31, 2025, leadership collectively held about 2.4 million common shares, with the CEO taking his salary entirely in stock since 2024.
Telus repurchased and cancelled 2,299,753 shares at an average price of $17.3932 under its normal course issuer bid that authorizes up to $500 million over 12 months starting December 17, 2025.
The company says the buybacks reflect a view that the stock is undervalued and align with a planned step‑down of its discounted DRIP beginning in the first quarter of 2026.
Management reiterated targets for at least 10% compounded annual free cash flow growth through 2028 and net debt to adjusted EBITDA of about 3.3x by year‑end 2026 and 3.0x by the end of 2027.