filings.toolsItem 1A. RISK FACTORS
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Item 1A. RISK FACTORS
In addition to the other information set forth in this Quarterly Report, you should carefully consider the factors disclosed in Part I, Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2024, which could materially affect our business, financial condition, or future results. There have not been material changes in our risk factors set forth in the company’s 2024 Annual Report on Form 10-K. The risks described in our Annual Report on Form 10-K are not the only risks facing our company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition, and/or operating results.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
The following table provides information about company purchases of common stock during the quarter ended March 31, 2025:
| Total Number of Shares (or Units) Purchased**(1)** | Average Price Paid Per Share (or Unit) | Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs**(2)** | Maximum Number of Shares (or Units) That May Yet Be Purchased Under the Plans or Programs**(2)** | ||||||||||||||||||||
| January 1, 2025 - January 31, 2025 | 234,595 | $ | 103.91 | 107,500 | 6,655,945 | ||||||||||||||||||
| February 1, 2025 - February 28, 2025 | 460,236 | 99.38 | 121,815 | 6,534,130 | |||||||||||||||||||
| March 1, 2025 - March 31, 2025 | 271,588 | 99.69 | 255,500 | 6,278,630 | |||||||||||||||||||
| First Quarter 2025 | 966,419 | $ | 100.56 | 484,815 | 6,278,630 |
(1) The total number of shares purchased based on trade date includes: (i) 484,815 shares of common stock purchased under the authorization described below; and (ii) 481,604 shares of common stock surrendered to satisfy minimum statutory tax obligations under our stock incentive plans.
(2) In December 2021, the Board of Directors increased the number of shares authorized for repurchase by 20,000,000 shares. As of March 31, 2025, there were 6,278,630 shares remaining for future repurchases. Repurchases can be made in the open market or in privately negotiated transactions, including Rule 10b5-1 plans and accelerated repurchase programs.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES
None.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
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