Item 1A. Risk Factors
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Item 1A. Risk Factors
We discuss in our Annual Report on Form 10-K for the year ended December 31, 2025 various risks that may materially affect our business. We use this section to update this discussion to reflect material developments. For the second quarter of 2026, there were no such material developments.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
(c) A summary of our repurchases of common stock during the second quarter of 2026 is as follows:
| (a) | (b) | (c) | (d) | |||||||||||||||||||||||
| Period | Total Number of Shares (or Units) Purchased****1,2 | Average Price Paid Per Share (or Unit) | Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs****1 | Maximum Number (or Approximate Dollar Value) of Shares (or Units) That May Yet Be Purchased Under The Plans or Programs | ||||||||||||||||||||||
| April 1, 2026 - April 30, 2026 | 23,214,943 | $ | 26.73 | 23,205,000 | $ | 12,832 | ||||||||||||||||||||
| May 1, 2026 - May 31, 2026 | 36,147,814 | $ | 25.14 | 36,143,712 | $ | 11,923 | ||||||||||||||||||||
| June 1, 2026 - June 30, 2026 | 26,871,268 | $ | 23.36 | 26,863,791 | $ | 11,296 | ||||||||||||||||||||
| Total | 86,234,025 | $ | 25.01 | 86,212,503 | ||||||||||||||||||||||
| 1In December 2024, our Board of Directors approved, and we announced, an authorization to repurchase up to $10,000 of common stock. In January 2026, our Board of Directors approved, and we announced, an authorization to repurchase an additional $10,000 of common stock. The authorizations have no expiration date. | ||||||||||||||||||||||||||
| 2Of the shares repurchased or transferred, 21,522 were acquired through the withholding of taxes on the vesting of restricted stock and performance shares or in respect of the exercise price of options. | ||||||||||||||||||||||||||
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