Ralliant Corp 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Issuer Purchases of Equity Securities The following table sets forth information with resp ect to purchases of the Company’s common stock on a trade date basis made by the Company or any affiliated purchasers during the quarter ended July 3, 2026: Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced plans or programs (a) Maximum dollar value of shares that may yet be purchased under the plans or programs (in millions) April 4 - May 1 — $ — — $ 500.0 May 2 - May 29 (a) 1,352,265 64.05 1,352,265 420.0 May 30 - July 3 (a) 208,964 64.05 208,964 400.0 Total 1,561,229 $ 64.05 1,561,229 $ 400.0 (a) On June 30, 2025, the Company announced that the Board had approved a share repurchase authorization of up to $200.0 million of the Company’s common stock. On May 12, 2026, the Company announced that the Board raised the share repurchase authorization to $500.0 million and entered into an accelerated share repurchase (“ASR”) program to execute $100 million of the Company’s share repurchase authorization. At inception, of the ASR the Company made a prepayment of $100.0 million and received 1.4 million shares of the Company’s common stock, representing 80% of the dollar amount of the transaction based on an initial delivery price of $59.16 of the total shares expected to be repurchased under the ASR. During three months ended July 3, 2026, the ASR program was fully settled and the Company received 0.2 million additional shares of the Company’s common stock. The total number of shares purchased by the Company under the ASR program was 1.6 million, for a total cost of $101.0 million (including $1.0 million in taxes). The shares repurchased under the ASR program were based on the average of the daily Rule 10b-18 volume-weighted average prices of Ralliant’s common stock during the term of the ASR program, less a discount, resulting in an average purchase price of $64.05 per share. The timing and amount of share repurchases will be determined by the Company based on its evaluation of market conditions and other factors. The share repurchase authorization has no expiration date, does not obligate the Company to acquire any particular amount of shares, and may be suspended or discontinued at any time.