filings.toolsItem 1A. Risk Factors
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Item 1A. Risk Factors
Refer to the “Risks Factors” section in our Annual Report on Form 10-K for the year ended December 31, 2025 for a discussion of risks to which our business, financial condition, results of operations, and cash flows are subject. There have been no material changes to the risk factors disclosed in the aforementioned Annual Report.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer purchases of Equity Securities
In February 2026, the Board of Directors extended our $125 million share repurchase program to December 31, 2027 and approved an additional $350 million in repurchases of common stock.
The following table presents information regarding repurchases of our shares of common stock during the three months ended March 31, 2026:
| Fiscal Period | Total Number of Shares Purchased | Average Price Paid per Share (1) | Total Number of Shares Purchased as a Part of Publicly Announced Program | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Program (in millions) | ||||||||||||||||||||||
| 1/1/2026 - 1/31/2026 | $ | — | $ | — | $ | — | $ | 415.4 | ||||||||||||||||||
| 2/1/2026 - 2/28/2026 | $ | 992,186 | $ | 241.89 | $ | 992,186 | $ | 175.4 | ||||||||||||||||||
| 3/1/2026 - 3/31/2026 | $ | 258,358 | $ | 232.15 | $ | 258,358 | $ | 115.4 |
(1) Average price paid per share excludes excise tax due under the Inflation Reduction Act of 2022.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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