2 unchanged sentences
As of December 31, 2025, we had 15,910 common shareholders of record.
−Removed: You can find dividend information concerning our common stock in the Consolidated Statements of Shareholders’ Equity in the “Consolidated Financial Statements.” For information on dividend restrictions, see “Supervision and Regulation — Dividends and Other Capital Distributions” under “Business” and Note 22 to the “Consolidated Financial Statements.” You can find information on securities authorized for issuance under our equity compensation plans under the caption “Executive Compensation — Equity Compensation Plans” to be contained in our definitive 2025 proxy statement for our Annual Meeting of Shareholders, which is scheduled to be held on April 29, 2025.
+Added: You can find dividend information concerning our common stock in the Consolidated Statements of Shareholders’ Equity in the “Consolidated Financial Statements.” For information on dividend restrictions, see “Supervision and Regulation — Dividends and Other Capital Distributions” under “Business” and Note 21 to the “Consolidated Financial Statements.” You can find information on securities authorized for issuance under our equity compensation plans under the caption “Executive Compensation — Equity Compensation Plans” to be contained in our definitive 2026 proxy statement for our Annual Meeting of Shareholders, which is scheduled to be held on May 5, 2026.
The information to be found under such caption is incorporated herein by reference.
16 unchanged sentences
Publicly Announced Plans
−Removed: or Programs (d)
+Added: or Programs (b)
Maximum Number of
2 unchanged sentences
October 1-31, 2025
−Removed: Repurchase program (a)
+Added: Repurchase program (c)
546,336 $ 358.73 546,336 60,273,755
−Removed: Employee transactions (b)
+Added: Employee transactions (d)
22,255 $ 358.93 N/A N/A
November 1-30, 2025
−Removed: Repurchase program (a)
+Added: Repurchase program (c)
1,299,220 $ 358.68 1,299,220 58,974,535
−Removed: Employee transactions (b)
+Added: Employee transactions (d)
22 $ 367.88 N/A N/A
December 1-31, 2025
−Removed: Repurchase program (a)
+Added: Repurchase program (c)
625,136 $ 366.41 625,136 58,349,399
−Removed: Employee transactions (b)
+Added: Employee transactions (d)
— $ — N/A N/A
−Removed: Repurchase program (a)
+Added: Repurchase program (c)
2,470,692 $ 360.65 2,470,692 58,349,399
−Removed: Employee transactions (b)
+Added: Employee transactions (d)
22,277 $ 358.94 N/A N/A
−Removed: (a) On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans.
+Added: (a) The average price paid per share does not reflect costs and taxes associated with the purchase of shares.
+Added: (b) Share purchases under publicly announced programs are made pursuant to open market purchases, plans intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act, privately negotiated transactions or other purchases, including block trades, accelerated share repurchase programs or any combination of such methods as market conditions warrant and at prices we deem appropriate.
+Added: (c) On March 8, 2023, the Board of Directors authorized the repurchase of up to 120 million common shares from time to time, subject to market conditions and in accordance with our capital plans.
This authorization replaced the prior repurchase authorization.
See “Consolidated Capital Resources and Liquidity” under “MD&A” for additional information regarding share repurchases.
−Removed: (b) Includes:
+Added: (d) Includes:
(i) shares surrendered by holders of employee stock options who exercised options (granted under our incentive compensation plans) in satisfaction of the exercise price and/or tax withholding obligation of such holders and (ii) restricted shares withheld (under the terms of grants under our incentive compensation plans) to offset tax withholding obligations that occur upon vesting and release of restricted shares.
Our incentive compensation plans provide that the value of the shares delivered or attested to, or withheld, be based on the price of our common stock on the date the relevant transaction occurs.
−Removed: (c) The average price paid per share does not reflect costs and taxes associated with the purchase of shares.
−Removed: (d) Share purchases under publicly announced programs are made pursuant to open market purchases, plans intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act, privately negotiated transactions or other purchases, including block trades, accelerated share repurchase programs or any combination of such methods as market conditions warrant and at prices we deem appropriate.
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.