[SamReidHughes]

Long term, buybacks aren't about supply/demand -- they increase a share's percentage ownership of the business.

[tw8345]

Primarily they are used to reward executives who have options and therefore get a disproportionate gain on the buyback.

[lotsofpulp]

Please explain the math that concludes someone that holds [stock] options disproportionately gains from a business buying back shares (presumably relative to other shareholders).

[astrange]

They have RSUs.