Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table summarizes purchases of our own equity securities during the three months ended May 31, 2026 (dollars in thousands, except per share amounts):
Period Total Number of Shares Purchased Average Price Paid per Share
Dollar Value 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 (a)
March 1-31
— $ — $ — $ 850,000
April 1-30
1,375,294 54.62 75,000 775,000
May 1-31
— — — 775,000
Total 1,375,294 $ 54.62 $ 75,000
(a) On October 9, 2025, our board of directors authorized us to repurchase up to $1.00 billion of our outstanding common stock. As of November 30, 2025, there was $900.0 million of remaining availability under this share repurchase authorization. In the 2026 second quarter, we repurchased 1,375,294 shares of our common stock on the open market pursuant to this authorization at a total cost of $75.0 million. As of May 31, 2026, we were authorized to repurchase up to $775.0 million of our outstanding common stock.
The total number of shares purchased and average price paid per share in the above table includes 2,297 of previously issued shares delivered to us by employees to satisfy withholding taxes on the vesting of restricted stock in April 2026. These transactions are not considered repurchases under the board of directors’ authorization.
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.