Crawford & Co repurchases 1 million shares of Class A stock from major shareholder

Crawford & Company (CRD-A, CRD-B) announced a repurchase of 1,000,000 shares of its Class A Common Stock from its majority shareholder, Jesse C. Crawford, for approximately $12.8 million. The transaction, approved by the company's Audit Committee and Board of Directors, was executed at a 3% discount to the market price. Following the repurchase, the company will have 28,686,832 Class A shares and 18,904,905 Class B shares outstanding.