There is a habitual practice on Wall Street of companies buying their own shares to reward shareholders who hold them, and at the same time give a bonus to top executives. The advantage of these share buybacks is that they are not taxed.
US tax cuts
Hu Shuli via Caixin | U.S. President Donald Trump’s ambitious proposal to cut corporate and individual taxes is adding to the external uncertainties affecting China’s economy. It follows projections of a faster-than-expected pace of interest rate hikes by the U.S. Federal Reserve.