The Globe and Mail reports in its Tuesday edition that Telus executives and board members are hoping to send a message of confidence to investors by snapping up company shares and taking compensation in stock, after a slide in the company's share price and a pause to dividend growth. The Globe's Irene Galea writes that the share purchases reflect Telus's "compelling value proposition and long-term growth prospects," and align with the company's plans to meet its deleveraging goals, the company said in a release Monday morning. Over November and December, Telus chief executive officer Darren Entwistle and other executives and directors acquired nearly 360,000 Telus shares on the open market, the company said. Collectively, Telus's senior leaders and directors held about 2.4 million common shares as of Dec. 31. The company had about 1.5 billion shares outstanding at the end of September. In December, the Vancouver telco also repurchased 2.2 million shares on the open market for cancellation. Telus plans to repurchase and cancel up to 28 million shares for an aggregate purchase price of up to $500-million in 2026. The company also said Mr. Entwistle will take his compensation for the foreseeable future entirely in stock.
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