v3.25.4

Subsequent Events | 12 Months Ended
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Dec. 31, 2025
Subsequent Events [Abstract] |
Subsequent Events | SUBSEQUENT EVENTS The Company has evaluated subsequent events through February 13, 2026, and has concluded that no events have occurred that require disclosure other than the events listed below. On February 10, 2026, the Company’s Board of Directors approved a share repurchase program that authorizes the Company to repurchase up to $300.0 million of its outstanding Class A common stock. Share repurchases may be made from time to time on the open market, in privately negotiated transactions, using Rule 10b5-1 trading plans, as accelerated share repurchases, or in any other manner that complies with the applicable securities law. The timing of purchases and number of shares repurchased under the program will depend upon a variety of factors including the Company’s stock price, trading volume, working capital or other liquidity requirements, and market conditions. The Company is not obligated to purchase any shares under the program and the program may be suspended or discontinued at any time without notice. On February 12, 2026, the Company’s Board of Directors approved a quarterly cash dividend of $0.13 per share of outstanding Class A common stock. The quarterly dividend will be payable o n March 10, 2026, to shareholders of record of Class A common stock as of the close of business on February 24, 2026. A ny future dividends will be subject to the approval of the Company’s Board of Directors. On February 12, 2026, the Company announced the Empower program, a three-year restructuring program commencing in the first quarter of 2026. The program is expected to result in approximately $160.0 million of cumulative one-time charges through 2028 and to generate annual savings of approximately $80.0 million in 2029.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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