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** Assumes $100 invested on October 1, 2019 in stock or index, including reinvestment of dividends.
−Removed: The Company has updated its peer group by replacing its select peer issuer group with the S&P MidCap 400 Industrials index.
−Removed: The Company made the change from select peer issuers to the published industry index to align this disclosure with the requirements under Item 402(v) of Regulation S-K that are effective for the Company in fiscal 2023.
−Removed: The Company’s previously defined peer group included the following group of 10 public companies:
−Removed: • Acuity Brands • Encore Wire Corporation
−Removed: • Hubbell Incorporated Class B
−Removed: • Belden Inc.
−Removed: • Littelfuse, Inc.
−Removed: • Cornerstone Building Brands, Inc.
−Removed: • nVent Electric plc
−Removed: • Eaton Corp.
−Removed: Plc • Valmont Industries, Inc.
−Removed: As of November 14, 2023, there was one stockholder of record of our common stock.
+Added: As of November 19, 2024, there were two stockholders of record of our common stock.
This number excludes stockholders whose stock is held in nominee or street name by brokers.
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Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program(1) Maximum Value of Shares that May Yet Be Purchased Under the Program(1)
−Removed: July 1, 2023 to July 28, 2023 — $ — — $ 384,095
−Removed: July 29, 2023 to September 1, 2023 90 $ 153.64 90 $ 370,238
−Removed: September 2, 2023 - September 30, 2023 406 $ 150.68 406 $ 309,095
+Added: June 29, 2024 to July 26, 2024 — $ — — $ 28,114
+Added: July 27, 2024 to August 30, 2024 1,047 $ 95.49 1,047 $ 428,114
+Added: August 31, 2024 - September 30, 2024 — $ — — $ 428,114
Total 1,047 1,047
−Removed: (1) On November 16, 2021, the board of directors approved a share repurchase program, under which the Company may repurchase up to $400.0 million of its outstanding common stock.
−Removed: On April 6, 2022, the board of directors approved an amendment to the aforementioned plan, extending it to a total repurchase of the Company’s outstanding common stock of up to $800.0 million.
−Removed: On November 11, 2022, the board of directors approved an amendment to the aforementioned plan, extending it to a total repurchase authorization of the Company’s outstanding stock of $1,300 million.
−Removed: These share repurchase programs were funded from the Company's available cash balances.
−Removed: Under the share repurchase programs, the Company was not obligated to acquire any particular amount of common stock, and it may have been terminated at any time at the Company's discretion.
+Added: (1) On November 16, 2021, the board of directors approved the 2021 Plan for the repurchase of up to an aggregate amount of $400.0 million of the Company’s stock over a two-year period..
+Added: On April 6, 2022, the board of directors approved an amendment to the 2021 Plan, extending it to a total repurchase of the Company’s outstanding stock of $800.0 million.
+Added: On November 11, 2022, the board of directors approved an amendment to the 2021 Plan, extending it to a total repurchase authorization of the Company’s outstanding stock of $1,300 million.
+Added: On May 2, 2024, the board of directors approved the 2024 Plan, which is scheduled to begin after the repurchase authorization under the 2021 Plan has been exhausted.
+Added: The 2024 Plan authorizes the Company to repurchase up to $500.0 million of its outstanding stock.
+Added: The plans were funded from the Company's available cash balances.
+Added: Under the Plans, the Company was not obligated to acquire any particular amount of common stock, and it may have been terminated at any time at the Company's discretion.
+Added: The final purchase under the 2021 plan was in August 2024 and the Company began purchasing under the 2024 Plan.
Securities Authorized for Issuance Under Equity Compensation Plans
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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.