Common stock activity is summarized as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2026 | | Three Months Ended March 31, 2025 | | (In thousands) | Common
Stock | | Treasury Cost(a) | | Common
Stock | | Treasury Cost(a) | | Balance at beginning of period | $ | 343,842 | | | $ | (483,248) | | | $ | 329,953 | | | $ | (396,604) | | | Stock compensation expense | 3,812 | | | — | | | 2,629 | | | — | | | Restricted and performance stock awards | (3,338) | | | 3,338 | | | (2,642) | | | 2,642 | | | Stock options exercised | 12 | | | 10 | | | 137 | | | 93 | | | Treasury shares purchased for stock compensation programs | — | | | (9,847) | | | — | | | (8,347) | | | | | | | | | | | | | | | | | | | Share repurchase program | — | | | (50,447) | | | — | | | (9,996) | | | Balance at end of period | $ | 344,328 | | | $ | (540,194) | | | $ | 330,077 | | | $ | (412,212) | | (a)Excludes treasury cost related to preferred stock. |
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