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The stock repurchase authorization remains effective until terminated by our Board of Directors which may occur at any time, subject to the parameters of any Rule 10b5-1 automatic trading plan that we may then have in effect.
−Removed: In the third quarter of 2025, we repurchased 1,190,304 shares at an average price of $70.63 per share and at a total cost of $84.1 million.
−Removed: As of September 30, 2025, there were 1,769,748 shares remaining on the existing repurchase authorization.
+Added: In the first quarter of 2026, we repurchased 715,493 shares at an average price of $71.65 per share and at a total cost of $51.3 million.
+Added: As of March 31, 2026, there were 5,088,031 shares remaining on the existing repurchase authorization.
ISSUER PURCHASES OF EQUITY SECURITIES
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that may yet be Purchased Under the Plans or Programs
−Removed: July 1 - July 31, 2025 598,076 $ 69.21 598,076 2,361,976
−Removed: August 1 - August 31, 2025 297,592 71.66 297,592 2,064,384
−Removed: September 1 - September 30, 2025 294,636 72.48 294,636 1,769,748
+Added: January 1 - January 31, 2026 287,383 $ 70.47 287,383 5,516,141
+Added: February 1 - February 28, 2026 187,352 77.72 187,352 5,328,789
+Added: March 1 - March 31, 2026 240,758 68.34 240,758 5,088,031
The Inflation Reduction Act of 2022, which was enacted into law on August 16, 2022, imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022.
1 unchanged sentence
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.