1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: The following table provides information regarding our repurchases of common stock during the three months ended September 30, 2024:
+Added: The following table provides information regarding our repurchases of common stock during the three months ended March 31, 2025:
Period Total Number of
5 unchanged sentences
Purchased Under the Program
−Removed: July 1, 2024 through July 31, 2024 203,380 (1) $ 39.23 203,317 $ 372,314,000
−Removed: August 1, 2024 through August 31, 2024 32,411 (1) 46.69 — 372,314,000
−Removed: September 1, 2024 through September 30, 2024 29,744 (1) 48.58 — 372,314,000
+Added: January 1, 2025 through January 31, 2025 — $ — —
+Added: February 1, 2025 through February 28, 2025 31,143 (1) 52.36 —
+Added: March 1, 2025 through March 31, 2025 362,565 (1) 54.74 264,936
Total 393,708 $ 358,120,000
−Removed: (1) Pursuant to our 2016 and 2020 Equity and Performance Incentive Plan, we granted RSUs.
+Added: (1) Pursuant to our 2020 Equity and Performance Incentive Plan, we granted RSUs.
Under each arrangement, shares are issued without direct cost to the employee.
−Removed: During the three months ended September 30, 2024, 191,285 shares of RSUs vested.
−Removed: We withheld 62,218 of those shares to pay the employees’ portion of the applicable minimum payroll withholding.
−Removed: In 2005, our board approved a stock repurchase program authorizing us, as market and business conditions warrant, to acquire our common stock and periodically authorize additional funds for the program, with the intention of using existing cash and cash equivalents to fund these repurchases.
+Added: During the three months ended March 31, 2025, 362,138 shares of RSUs vested.
+Added: We withheld 128,772 of these RSUs to pay the employees’ portion of the applicable minimum payroll withholding taxes.
+Added: In 2005, the board approved a stock repurchase program authorizing us, as market and business conditions warrant, to acquire our common stock and periodically authorizes additional funds for the program, with the intention of using existing cash and cash equivalents to fund these repurchases.
In June 2024, the board approved the repurchase of the Company's common stock of up to $400.0 million, in place of the remaining purchase amounts previously authorized.
−Removed: As of September 30, 2024, the maximum remaining amount authorized for purchase under the stock repurchase program was approximately $372.3 million.
+Added: As of March 31, 2025, the maximum remaining amount authorized for purchase under the stock repurchase program was approximately $358.1 million.
There is no guarantee as to the exact number of shares we will repurchase.
Repurchased shares are returned to the status of authorized but unissued shares of common stock.
−Removed: In March 2005, our board approved a plan under Rule 10b5-1 of the Securities Exchange Act of 1934 to facilitate the repurchase of shares of common stock under the existing stock repurchase program.
+Added: In March 2005, the board approved a plan under Rule 10b5-1 of the Securities Exchange Act of 1934 to facilitate the repurchase of shares of common stock under the existing stock repurchase program.
Under our Rule 10b5-1 plan, we have delegated authority over the timing and amount of repurchases to an independent broker who does not have access to inside information about the Company.
−Removed: Rule 10b5-1 allows us, through the independent broker, to purchase shares at times when we ordinarily would not be in the market because of self-imposed trading blackout periods, such as the time immediately preceding the end of the fiscal quarter through a period of two business days following our quarterly earnings release.
+Added: Rule 10b5-1 allows us, through the independent broker, to purchase shares at times when we ordinarily would not be in the market because of self-imposed trading blackout periods, such as the time immediately preceding the end of the fiscal quarter through a period of three business days following our quarterly earnings release.
DEFAULTS UPON SENIOR SECURITIES
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.