Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table provides information about share repurchases of our common stock during the quarter ended March 31, 2025:
Total Number of Shares Purchased Average Price Paid per Share (1)
Total Number
of Shares
Purchased as
Part of a Publicly Announced Program Dollar Value of Shares that May Yet be Purchased Under the Program (1)
Period (In thousands)
January 1, 2025 — January 31, 2025 5,998,189 $ 33.40 5,998,189 $ 615,524
February 1, 2025 — February 28, 2025 2,750,644 $ 35.07 2,750,644 $ 519,058
March 1, 2025 — March 31, 2025 6,204,770 $ 31.71 6,204,770 $ 322,304
(1) In accordance with applicable disclosure requirements, the “Average Price Paid per Share” figures presented above are calculated on an execution date (trade date) basis and exclude commissions and other expenses, such as excise taxes. Figures presented under “Dollar Value of Shares that May Yet be Purchased Under the Program” indicate the total amount of authorized capacity remaining in accordance with the terms of the applicable publicly announced share repurchase plan, which excludes the cost of commissions and other expenses, such as excise taxes.
In November 2023, we announced that the Board of Directors had authorized a $2.0 billion stock repurchase plan and in April 2025, we announced that the Board of Directors had authorized a $2.0 billion stock repurchase plan. Under the stock repurchase plans, we may repurchase shares from time to time in the open market or in privately negotiated agreements. Repurchases of common stock may also be made under a Rule 10b5-1 plan, which would permit common stock to be purchased when we might otherwise be precluded from doing so under insider trading laws. The timing, volume and nature of stock repurchases will be at the sole discretion of management, dependent on market conditions, applicable securities laws, and other factors, and may be suspended or discontinued at any time. All shares we repurchased during the quarter ended March 31, 2025 were purchased pursuant to our publicly announced stock repurchase plan and have been retired.
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.