Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
A summary of our repurchases of common stock during the three months ended September 30, 2025 is as follows:
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased
as Part of Publicly Announced Plan
or Program (1)
Approximate
Dollar Value of
Shares that May
Yet Be Purchased under the Plan or
Program
July 1 - July 31, 2025 114,101 $ 140.26 114,101 $ 238,624,161
August 1 - August 31, 2025 125,736 $ 131.66 125,736 $ 222,069,257
September 1 - September 30, 2025 125,676 $ 134.33 125,676 $ 205,187,093
Total 365,513 365,513
(1) On February 12, 2018, we announced that our board of directors authorized a $100.0 million share repurchase program. On each of October 30, 2018, October 30, 2019, May 7, 2020, February 10, 2021 and February 9, 2023, we announced that our board of directors had authorized an increase of $100.0 million, and on each of November 3, 2021,
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May 4, 2022, February 7, 2024 and February 6, 2025, we announced that our board of directors had authorized an increase of $200.0 million to the share repurchase program, resulting in an aggregate authorization of $1.4 billion as of September 30, 2025. Shares may be repurchased from time to time on the open market in accordance with Rule 10b-18 of the Exchange Act of 1934. We have entered into a pre-set trading plan adopted in accordance with Rule 10b5-1 under the Exchange Act to effect repurchases under our share repurchase program. All share repurchases have been made using cash resources. Our share repurchase program does not have an expiration date.
Item 3. Defaults upon Senior Securities
None.
Item 4. Mine Safety Disclosures
None.
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.