UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: The following table presents the total number of shares of our common stock that we repurchased during the third quarter of 2025, the average price paid per share, the number of shares that we repurchased as part of our share repurchase program, and the approximate dollar value of shares that still could have been repurchased at the end of the applicable fiscal period pursuant to our share repurchase program:
−Removed: (dollars in millions, except per share data) Total Number of Shares Purchased (1)
−Removed: Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program (2)
−Removed: Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Program (2)
−Removed: July 1, 2025 - July 31, 2025 126,611 $ 17.89 — $ 634.4
−Removed: August 1, 2025 - August 31, 2025 2,946,443 $ 18.99 2,928,639 $ 578.8
−Removed: September 1, 2025 - September 30, 2025 5,051,510 $ 19.55 5,036,643 $ 480.4
+Added: The October 2025 Authorization, which expires on December 31, 2028, authorized the repurchase of up to $750.0 million of our common stock from time to time on the open market or in privately negotiated transactions.
+Added: Stock repurchases, if any, will be funded using our available liquidity.
+Added: The timing and amount of stock repurchases are dependent on a variety of factors, including but not limited to, market conditions and corporate and regulatory considerations.
+Added: We did not repurchase any shares of our common stock during the three months ended March 31, 2026.
+Added: As of March 31, 2026, the remaining availability under our October 2025 Authorization was $750.0 million.
+Added: The following table presents shares withheld to pay taxes due upon the vesting of employee restricted stock.
+Added: Total Number of Shares Withheld
+Added: Average Price Per Share
+Added: January 1, 2026 - January 31, 2026 298,269 $ 14.84
+Added: February 1, 2026 - February 28, 2026 53,186 $ 12.54
+Added: March 1, 2026 - March 31, 2026 140,117 $ 14.69
Total 491,572 $ 14.55
−Removed: (1) Includes 126,611, 17,804, and 14,867 shares withheld to pay taxes due upon the vesting of employee restricted stock for the months ended July 31, 2025, August 31, 2025, and September 30, 2025, respectively.
−Removed: (2) On December 6, 2022, our Board of Directors authorized the December 2022 Authorization for the repurchase of $750.0 million of our common stock from time to time on the open market or in privately negotiated transactions.
−Removed: We initiated share repurchases under the December 2022 Authorization in 2023.
−Removed: The December 2022 Authorization expires on December 31, 2025.
−Removed: Stock repurchases are funded using our available liquidity.
−Removed: The timing and amount of stock repurchases will depend on a variety of factors, including market conditions as well as corporate and regulatory considerations.
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.