Item 2. Unregistered Sales of Equity Securities
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchase of Equity Securities:
The following table summarizes repurchases of our common stock occurring in the first quarter of 2025.
Period Total Number of Shares Purchased Average Price Paid Per Share 1
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under Plans or Programs 2,3
(in thousands)
January 1 through January 31, 2025 — $ — — $ 650,000
February 1 through February 28, 2025 3,613,450 $ 27.67 3,613,450 $ 550,000
March 1 through March 31, 2025 — $ — — $ 550,000
1 Amounts exclude 1% excise tax and fees on share repurchases.
2 On August 8, 2024, the Company announced an increase in its share repurchase program whereby the Company can repurchase up to $1,100 million of the Company’s common stock. Pursuant to the share repurchase program, the Company may repurchase shares through open market purchases, privately negotiated transactions and other means in accordance with federal securities laws. This repurchase program has no time limit and may be suspended or discontinued completely at any time without prior notice as determined by the Company at its discretion and dependent upon a variety of factors.
3 Maximum approximate dollar values reported represent amounts at end of the month. Since the inception of the share repurchase program through to the end of the first quarter of 2025, the Company has repurchased 15,033,394 shares of its common stock in open-market transactions for $550 million, excluding taxes and fees.
40
Table of Contents
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.