Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
PURCHASE OF EQUITY SECURITIES OF THE COMPANY
FOR THE THREE MONTHS ENDED MARCH 31, 2025
Period Total Number of Shares (or Units) Purchased
Average Price Paid per Share (or Unit) (1)
Total Number of Shares (or Units) Purchased as Part of the Publicly Announced Plans or Programs
Maximum Number of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs (2)
January 1, 2025 through January 31, 2025 — $ — — 16,316,962
February 1, 2025 through February 28, 2025 1,418,809 27.46 1,418,809 14,898,153
March 1, 2025 through March 31, 2025 2,931,907 25.79 2,931,907 11,966,246
Total 4,350,716 $ 26.34 4,350,716 11,966,246
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(1) Excludes 2% Canadian excise taxes recorded during Fiscal 2025 related to repurchases under the Fiscal 2024 Repurchase Plan. See Note 11 “Equity and Share-based Compensation” for more details.
(2) On July 31, 2024, the Board authorized a share repurchase plan pursuant to which we may purchase for cancellation in open market transactions, from time to time over the 12-month period commencing on August 7, 2024 until August 6, 2025, if considered advisable, up to an aggregate of $300 million of our common shares. On March 13, 2025, we increased the authorized limit of such share repurchase plan by $150 million to $450 million. The share repurchase plan is subject to an aggregate limit of 21,179,064 Common Shares. Shares repurchased for issuance to our employees under the ESPP are included as part of the aggregate limit in accordance with TSX rules.
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