Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(c) Repurchase activity during the third quarter of 2025 is as follows:
Month Total Number of
Shares Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Program
Maximum Number of Shares that May Yet Be Purchased Under the Program
July 1 - July 31 222,504 $ 103.29 220,000 14,805,865
August 1 - August 31 525,056 $ 106.74 514,565 14,291,300
September 1 - September 30 747,590 $ 104.99 722,923 13,568,377
Total 1,495,150 $ 105.35 1,457,488
Shares repurchased by us in a quarter may include repurchases conducted pursuant to publicly announced board authorization, outstanding shares surrendered to us to pay the exercise price in connection with swap exercises of employee stock options, and shares withheld to cover the minimum tax withholding obligation associated with the vesting of restricted stock awards. Of the total number of shares purchased during the third quarter of 2025, 37,662 were related to shares surrendered in connection with employee stock option exercises and no shares were withheld to cover tax withholdings associated with the vesting of restricted stock awards.
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The following table details the changes in and status of the Board of Directors’ outstanding publicly announced board authorizations.
Authorization Dates Maximum Number of Shares that May Yet Be Purchased at 7/1/2025
Total Number of
Shares Purchased Maximum Number of Shares that May Yet Be Purchased at 9/30/2025
March 2020 25,865 (25,865) —
December 2024 15,000,000 (1,431,623) 13,568,377
15,025,865 (1,457,488) 13,568,377
Item 3. Defaults Upon Senior Securities.
Not applicable.
Item 4. Mine Safety Disclosures.
Not applicable.
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.