Core terms
Treasury Stock
Previously issued shares repurchased and held by the company; they are generally not counted as outstanding and may later be retired or reissued.
What traders should verify
For Treasury Stock, trace the instrument count, rights, price or conversion terms, vesting or maturity, measurement date, and later changes in filings.
Do not conflate
Do not treat Treasury Stock as proof that shares are issued, outstanding, freely tradable, converted, exercised, vested, or sold unless the evidence establishes that state.
Primary source
SEC definitionSource boundary: this glossary reflects SEC staff views and is not a Commission rule, regulation, or statement. Check the linked source for current wording and legal context.