Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
In February 2024, our Board of Directors authorized a capital return program to repurchase up to $750.0 million of our outstanding common stock which was completed during the second quarter of 2026. In May 2026, our Board of Directors authorized a new capital return program to repurchase up to $1.0 billion of our outstanding common stock by December 31, 2028.
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The table below sets forth information regarding repurchases during the three months ended June 30, 2026:
Period Total Number of Shares Purchased Average Price paid per share (1)
Total Number of Shares Purchased as Part of Publicly Announced Programs Approximate Dollar Value of Shares That May Yet Be purchased under the Programs (in thousands) (2)
April 1, 2026 through April 30, 2026 — $ — — $ 157,629
May 1, 2026 through May 31, 2026 1,231,124 $ 68.28 1,231,124 $ 1,073,566
June 1, 2026 through June 30, 2026 3,570,240 $ 69.65 3,570,240 $ 824,900
Total 4,801,364 4,801,364
(1) Included in the total cost of shares purchased is a commission fee of $0.02 per share.
(2) The share repurchases during the three months ended June 30, 2026 were executed under both the February 2024 and May 2026 authorized capital return program.
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Item 3. Defaults Upon Senior Securities
Not applicable.
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.