Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
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. 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. 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. 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. 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.
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)
September 29, 2025 - October 26, 2025 488,381 $ 33.57 488,381 $ 581,432
October 27, 2025 - November 23, 2025 517,534 33.35 517,534 564,172
November 24, 2025 - December 28, 2025 476,201 34.32 476,201 547,828
December 29, 2025 - January 25, 2026 390,022 35.45 390,022 534,003
January 26, 2026 - February 22, 2026 442,691 38.30 442,691 517,049
February 23, 2026 - March 29, 2026 579,710 33.16 579,710 497,828
March 30, 2026 - April 26, 2026 504,334 31.14 504,334 482,123
April 27, 2026 - May 24, 2026 725,904 29.13 725,904 460,976
May 25, 2026 - June 28, 2026 2,267,022 27.85 2,267,022 397,828
Item 4. Mine Safety Disclosures
Section 1503 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") requires domestic mine operators to disclose violations and orders issued under the Mine Act by Mine Safety and Health Administration. We do not act as the owner of any mines, but we may act as a mining operator as defined under the Mine Act where we may be an independent contractor performing services or construction at such mine. Information concerning mine safety violations or other regulatory matters required by Section 1503(a) of the Dodd-Frank Act and Item 104 of Regulation S-K is included in Exhibit 95.
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.