Effective October 28, 2025, the company’s Board of Directors approved a $150M stock repurchase program under which the company is authorized to repurchase outstanding shares of its common stock either in open market purchases or privately negotiated transactions. This plan, which will remain in effect until the earlier of October 2026 or the repurchase of the entire amount authorized under the plan, replaces the company’s $100M stock repurchase program that expired October 2025. There was no buyback activity during the third quarter of 2025
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