Item 2. Unregistered Sales of Equity Securities
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table sets forth information about the Company's purchases of its $5 par value common stock, its only class of common stock registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended.
Period
Total Number of Shares Purchased (1) Average Price Paid per Share (2) Total Number of Shares Purchased as Part of Publicly Announced Program Maximum Number that May Yet Be Purchased Under the Program
January 1 - 31, 2026 188,995 $52.64 187,496 2,999,225
February 1 - 28, 2026 727,666 53.60 699,476 2,299,749
March 1 - 31, 2026 708,179 49.18 665,749 1,634,000
Total 1,624,840 $51.56 1,552,721 1,634,000
(1) Includes 1,499 shares, 28,190 shares, and 42,430 shares in January, February, and March 2026, respectively, withheld to meet tax withholding requirements related to the vesting of restricted stock awards.
(2) For shares withheld to meet tax withholding requirements related to the vesting of restricted stock awards, the average market value per share was $52.88, $53.24, and $51.70 in January, February, and March 2026, respectively.
The Company's stock purchases shown above were made under authorizations by the Board of Directors. Under the Board's repurchase authorization in October 2025 of 5,000,000 shares, 1,634,000 shares remained available for purchase at March 31, 2026. On April 24, 2026, the Board increased the share repurchase authorization to 7,500,000 shares.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.