Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
The following table summarizes the share repurchase activity under our publicly announced share repurchase program and those made outside of the publicly accounted program during the three months ended December 31, 2025 (in thousands, except per share data):
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (1)
October 1, 2025 - October 31, 2025 — $ — — $ 100,000
November 1, 2025 - November 30, 2025 1,666 $ 42.39 1,666 $ 29,404
December 1, 2025 - December 31, 2025 669 $ 43.95 669 $ —
Total 2,335 2,335
(1) On August 12, 2025, the Company announced a program to repurchase up to $150.0 million of the Company’s common stock which was approved by the Board of Directors on August 7, 2025. The program did not obligate the Company to acquire a minimum amount of shares and may have been modified, suspended or discontinued at any time at the Company’s discretion. The program did not have an expiration date. As of December 31, 2025, there were no remaining funds authorized or available for stock repurchases.
The above table excludes shares repurchased to settle employee tax withholding related to the vesting of stock awards.
On February 3, 2026, the Company announced a new program to repurchase up to $200.0 million of the Company’s common stock which was approved by the Board of Directors on January 29, 2026. For further information, refer to Note 15. “Subsequent Events” in the Company’s condensed consolidated financial statements included elsewhere in this Quarterly Report on form 10-Q.
Item 3. Defaults Upon Senior Securities
Not applicable.
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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.