Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
The following table summarizes the number of shares of our common stock that were purchased by us during each of the three fiscal months in our first quarter ended March 31, 2026.
Total Number of Shares Purchased (1)
Average Price Paid Per Share (2)
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
January
January 1, 2026 through January 31, 2026
—
$
—
—
2,434,585
February
February 1, 2026 through February 28, 2026
282,802
70.72
282,802
2,151,783
March
March 1, 2026 through March 31, 2026
334,285
59.83
334,285
1,817,498
Total
617,087
$
64.82
617,087
(1) Our stock repurchase program, which was approved by our Board of Directors and publicly announced on July 24, 2024, authorizes us to repurchase up to 4.5 million shares of our outstanding common stock from time to time in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with U.S. federal securities laws. We repurchased a total of 617,087 shares during the periods indicated above under this program and 1,817,498 shares remained available to repurchase as of March 31, 2026. Our stock repurchase program has no expiration date and may be terminated by our Board of Directors at any time.
(2) The Inflation Reduction Act of 2022 imposes a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022. All dollar amounts presented exclude such excise taxes, as applicable.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
None.
ITEM 4 . MINE SAFETY DISCLOSURES.
Not applicable.
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.