1 unchanged sentence
On May 5, 2025, our Board of Directors authorized an additional $500 million stock repurchase program in addition to the previous $400 million stock repurchase program authorized on October 5, 2021.
−Removed: In the first half of fiscal 2026, we repurchased and settled 2,894,539 shares with an average price of $34.55 per share for a total cost of $100.0 million in the open market.
−Removed: We repurchased and settled 5,165,715 shares with an average price of $33.87 per share for a total cost of $175.0 million in the open market in the first half of fiscal 2025.
−Removed: In the first half of fiscal 2026, we also paid $2.0 million of excise tax on stock repurchases imposed by the Inflation Reduction Act of 2022.
−Removed: At March 29, 2026, we had a remaining balance of $497.8 million under our stock repurchase programs.
−Removed: Below is a summary of the stock repurchases that were traded and settled during the first half of fiscal 2026 :
+Added: In the first nine months of fiscal 2026, we repurchased and settled 6,391,799 shares with an average price of $31.29 per share for a total cost of $200.0 million in the open market.
+Added: We repurchased and settled 5,933,085 shares with an average price of $33.71 per share for a total cost of $200.0 million in the open market in the first nine months of fiscal 2025.
+Added: In the first nine months of fiscal 2026, we also paid $2.0 million of excise tax on stock repurchases imposed by the Inflation Reduction Act of 2022.
+Added: At June 28, 2026, our $400 million stock repurchase program was fully executed and we had a remaining balance of $397.8 million under our $500 million stock repurchase program.
+Added: Below is a summary of the stock repurchases that were traded and settled during the first nine months of fiscal 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 Maximum Dollar Value that May Yet be Purchased Under the Plans or Programs (in thousands)
5 unchanged sentences
February 23, 2026 - March 29, 2026 579,710 33.16 579,710 497,828
+Added: March 30, 2026 - April 26, 2026 504,334 31.14 504,334 482,123
+Added: April 27, 2026 - May 24, 2026 725,904 29.13 725,904 460,976
+Added: May 25, 2026 - June 28, 2026 2,267,022 27.85 2,267,022 397,828
Mine Safety Disclosures
3 unchanged sentences
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.