Berkshire Hathaway’s new CEO, Greg Abel, recently purchased $15 million worth of company stock, roughly equal to his entire after-tax salary. The purchase was revealed in regulatory filings and comes at the same time the company has restarted its own share buyback program. The purchase is notable because it comes early in Abel’s career as CEO, after Warren Buffett stepped down from the role at the beginning of 2026 while remaining chairman. Abel explained that the decision to disclose the buyback activity was meant to provide transparency during the leadership transition. He also confirmed that Buffett was consulted on the timing and valuation of the repurchase decision.
Berkshire has a policy allowing it to buy back shares when management believes the stock is trading below its intrinsic value. This is the first repurchase since May 2024. The company had previously bought back large amounts of stock from 2018–2024 before pausing when the share price hit record highs in 2025.
Shares of Berkshire Hathaway’s Class B stock rose about 1% in premarket trading following the news. However, the stock has had a mixed performance recently. It is down about 3% so far in 2026, fell almost 5% after its latest earnings report, currently trading below key moving averages, and gained 11% in 2025, underperforming the S&P 500, which rose 16%.
Abel’s $15 million stock purchase and Berkshire’s renewed buybacks suggest that management believes the stock is currently undervalued. If investors agree with that assessment, this could help support or gradually increase the stock price over time.
New CEO Buys $15 million in stock, Berkshire Restarts Buybacks
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