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Common Stock Issued and Outstanding

9 Months Ended

Sep. 30, 2025

Note O – Common Stock Issued and Outstanding

Activity in the number of shares of common stock issued and outstanding for the nine-month periods ended September 30, 2025 and 2024 is shown below.


(Number of shares outstanding)	September 30, 2025	September 30, 2024
Beginning of period	145,845,124	152,748,642

Restricted stock awards 1	500,146	1,103,503

Treasury shares purchased	(3,613,450)	(8,008,786)
End of period	142,731,820	145,843,359

1 Shares issued upon award of restricted stock are less withholding for statutory income taxes owed upon issuance of shares.

On August 8, 2024, the Company’s Board of Directors authorized a share repurchase program whereby the Company can repurchase up to $1,100.0 million of its common stock. This repurchase program has no time limit and may be suspended or discontinued completely at any time without prior notice as determined by the Company at its discretion and dependent upon a variety of factors.

During the three months ended September 30, 2025, the Company did not repurchase any shares of its common stock. During the nine months ended September 30, 2025, the Company repurchased 3.6 million shares of its common stock under the share repurchase program for $100.0 million ($100.9 million including excise taxes and fees). As of September 30, 2025, the Company had $550.1 million of its common stock remaining available to repurchase under the program.