1 unchanged sentence
Stock Repurchases
−Removed: The following table summarizes the repurchases of Class A common stock during the first quarter of 2026 by the Company or any “affiliated purchaser” of the Company, as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934.
+Added: The following table summarizes the repurchases of Class A common stock during the second quarter of 2026 by the Company or any “affiliated purchaser” of the Company, as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934.
Certain share repurchases included in the table below were made pursuant to a trading plan adopted by the Company in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934.
−Removed: Period Total number of shares purchased (a) Average price paid per share Total number of shares purchased as part of publicly announced plans or programs (b) Maximum number of shares that may yet be purchased under the plans or programs (b)
−Removed: January 1 - January 31, 2026 — $ — — 4,488,349
−Removed: February 1 - February 28, 2026 10,367 128.46 10,367 4,477,982
−Removed: March 1 - March 31, 2026 115,952 128.91 79,761 4,398,221
+Added: Period Total number of shares purchased (a) Average price paid per share (b) Total number of shares purchased as part of publicly announced plans or programs (c) Maximum number of shares that may yet be purchased under the plans or programs (c)
+Added: April 1 - April 30, 2026 16,126 $ 128.31 16,126 4,382,095
+Added: May 1 - May 31, 2026 109,695 126.12 109,436 4,272,659
+Added: June 1 - June 30, 2026 64,460 129.04 53,420 4,219,239
Total 190,281 $ 127.30 178,982
(a) The total number of shares includes:
−Removed: (i) shares repurchased pursuant to the stock repurchase program discussed in footnote (b) below;
+Added: (i) shares repurchased pursuant to the stock repurchase program discussed in footnote (c) below;
and (ii) shares owned and tendered by employees to satisfy tax withholding obligations upon the vesting of restricted shares.
−Removed: Shares of Class A common stock tendered by employees to satisfy tax withholding obligations included 36,191 shares in March 2026.
+Added: Shares of Class A common stock tendered by employees to satisfy tax withholding obligations included 259 shares in May 2026 and 11,040 shares in June 2026.
Unless otherwise indicated, shares owned and tendered by employees to satisfy tax withholding obligations were purchased at the closing price of the Company’s shares on the date of vesting.
−Removed: (b) On May 8, 2025, the Company announced that its Board of Directors authorized a stock repurchase program to repurchase up to a total of five million shares of the Company's Class A common stock during the three-year period ending May 8, 2028.
−Removed: As of March 31, 2026, 4,398,221 shares remained authorized for repurchase under the Company's stock repurchase program.
+Added: (b) The average price of shares repurchased excludes excise taxes.
+Added: (c) On May 8, 2025, the Company announced that its Board of Directors authorized a stock repurchase program to repurchase up to a total of five million shares of the Company's Class A common stock during the three-year period ending May 8, 2028.
+Added: As of June 30, 2026, 4,219,239 shares remained authorized for repurchase under the Company's stock repurchase program.
Working capital and dividend restrictions/limitations
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.