Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The following table summarizes our purchase of Common Stock during the third quarter of 2025.
+Added: The following table summarizes our purchase of Common Stock during the first quarter of 2026.
Total Number of Shares and Equivalents Purchased (in thousands) Average Price Paid
per Share Total Number of Shares and Equivalents Purchased as part of Publicly Announced Plan (in thousands) Maximum Dollar Value of Shares and Equivalents that May Yet Be Purchased Under the Plans (in millions)
−Removed: July 1, 2025 to July 31, 2025 195.5 $ 29.18 195.5 $ 744.2
−Removed: August 1, 2025 to August 31, 2025 101.3 $ 25.31 101.3 $ 741.7
−Removed: September 1, 2025 to September 30, 2025 — $ — — $ 741.7
+Added: January 1, 2026 to January 31, 2026 190.0 $ 20.47 190.0 $ 720.4
+Added: February 1, 2026 to February 28, 2026 162.9 $ 20.63 162.9 $ 717.1
+Added: March 1, 2026 to March 31, 2026 — $ — — $ 717.1
Total 352.9 352.9
−Removed: A share repurchase program authorizes the Company to repurchase its outstanding shares of Common Stock.
−Removed: In September 2024, the Board of Directors approved a reset of the share repurchase program authorizing the Company to repurchase up to $1.0 billion of its outstanding shares of Common Stock.
−Removed: As of September 30, 2025, $741.7 million of the $1.0 billion share repurchase authorization remained available for use.
+Added: In September 2024, our Board of Directors authorized a share repurchase program pursuant to which the Company may repurchase up to $1.0 billion of its outstanding shares of Common Stock and Equivalents.
+Added: The stock repurchase program does not obligate us to purchase any particular number of shares, and the timing and exact amount of any repurchases will depend on various factors, including market pricing and conditions, business, legal, and other considerations.
+Added: We may repurchase our shares in open market transactions or through privately negotiated transactions in accordance with federal securities laws, at our discretion.
+Added: The repurchase program, which has no expiration date, may be increased, suspended, or terminated at any time and remains subject to the discretion of our Board of Directors.
+Added: The program is expected to be implemented over the course of several years and will be conducted subject to the covenants in our ABL Facility and the indentures governing our Senior Secured Notes.
+Added: As of March 31, 2026, $717.1 million of the $1.0 billion share repurchase authorization remained available for use.
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.