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Issuer Purchases of Equity Securities
−Removed: Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
−Removed: June 30, 2024 - July 27, 2024 — $ — — $ 96,070,713
−Removed: July 28, 2024 - August 24, 2024 54,440 367.26 54,440 76,074,208
−Removed: August 25, 2024 - September 28, 2024 39,177 382.61 39,177 61,082,928
+Added: Period Total Number of Shares Purchased (1)
+Added: Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2)
+Added: Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
+Added: December 29, 2024 - January 25, 2025 — $ — — $ 311,082,928
+Added: January 26, 2025 - February 22, 2025 458,480 277.85 458,480 277,573,001
+Added: February 23, 2025 - March 29, 2025 371,532 232.16 371,532 191,312,121
Total 830,012 $ 257.40 830,012 $ 191,312,121
−Removed: (1) On August 17, 2023, the Company announced a share repurchase program with authorization to purchase up to $250.0 million of its outstanding shares of common stock (the “Share Repurchase Program”).
−Removed: The authorization for the repurchase continues until all such shares have been repurchased or the repurchase plan is terminated by action of our Board of Directors.
−Removed: As of September 28, 2024, $61.1 million remained available under the Share Repurchase Program.
+Added: (1) On December 9, 2024, the Company entered into an accelerated share repurchase agreement (the “ASR Agreement”) with a third-party financial institution to repurchase $250.0 million of the Company’s common stock.
+Added: Pursuant to the terms of the ASR Agreement, the Company paid the financial institution $250.0 million and, on December 9, 2024, the Company received and retired 551,325 shares of its common stock.
+Added: Final settlement of the ASR Agreement occurred on February 20, 2025, and the Company received and retired an additional 317,202 shares of common stock.
+Added: In connection with the ASR Agreement, the Company received and retired a total of 868,527 shares of common stock at an average price of $287.84 per share.
+Added: The total number of shares repurchased under the ASR Agreement was based on a daily volume-weighted average share price during the valuation period specified in the ASR Agreement, less a discount and subject to adjustments.
+Added: (2) On December 5, 2024, the Company’s Board of Directors authorized the repurchase of up to an additional $500.0 million of its outstanding shares of common stock under its existing share repurchase program (inclusive of shares repurchased under the ASR Agreement, the “Share Repurchase Program”).
+Added: The authorization for the repurchase continues until all such shares have been repurchased or the repurchase plan is terminated by action of the Company’s Board of Directors.
Defaults Upon Senior Securities
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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.