Strattec (STRT) Board Authorizes $40 Million Share Buyback

Strattec Security Corporation (NASDAQ: STRT) said on May 28, 2026, that its board approved a new $40 million share repurchase program. The buyback has no fixed expiration and allows purchases via open-market transactions or privately negotiated deals. Funding will come from available working capital. The authorization follows Strattec's prior repurchase activity as the automotive lock and key manufacturer returns capital to shareholders.