Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
During the three months ended March 31, 2026, the Company repurchased shares of its common stock as follows:
PERIOD TOTAL NUMBER OF SHARES PURCHASED (1)
AVERAGE PRICE PAID per share TOTAL NUMBER OF SHARES purchased as part of publicly announced plans or programs (2)
MAXIMUM NUMBER (or Approximate DOLLAR VALUE) OF SHARES that may yet be purchased under the plans or programs (2)
January 1 - January 31 (3)
2,949,338 $ 17.27 2,891,708 450,057,958
February 1 - February 28
60,111 17.24 — 450,057,958
March 1 - March 31 (4)
2,857,439 17.48 2,856,948 400,115,119
Total 5,866,888 $ 17.33 5,748,656 400,115,119
1 Share purchases in the three months ended March 31, 2026 represent shares of Company common stock withheld and cancelled to satisfy employee tax withholding obligations payable upon the vesting of non-vested shares, as well as shares repurchased under publicly announced programs.
2 On October 28, 2025, the Company's Board of Directors authorized the repurchase of up to $500.0 million of outstanding shares of the Company's common stock, superseding the previous $300.0 million stock repurchase authorization. The stock repurchase authorization expires on October 27, 2026, and the Company may suspend or terminate repurchases at any time without prior notice.
3 In January 2026, the Company repurchased 2.9 million shares of its common stock at an average price of $17.27 per share for a total of $49.9 million resulting in $450.1 million of authorized share repurchases remaining.
4 In March 2026, the Company repurchased 2.9 million shares of its common stock at an average price of $17.48 per share for a total of $49.9 million resulting in $400.1 million of authorized share repurchases remaining.
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