v3.26.1
Related Parties and Party-In-Interest Transactions
12 Months Ended
Dec. 31, 2025
EBP 011  
EBP, Related Party and Party-in-Interest Transactions [Line Items]  
Related Parties and Party-In-Interest Transactions Related Parties and Party-In-Interest Transactions
As of December 31, 2025, the Plan held 1,140,314 shares of the Company’s common stock with a fair value of $221,300,718. As of December 31, 2024, the Plan held 1,315,447 shares of the Company’s common stock with a fair value of $298,435,503. During the year, the Plan purchased and sold 28,018 shares for $5,425,048 and 203,151 shares for $39,682,481, respectively, of the Company’s common stock and received $5,095,305 in dividends on the shares of common stock.
Party-in-interest transactions also include the Master Trust’s investments in certain common collective trusts and mutual funds that are managed by the investment managers of the Plan. Among which, Northern Trust funds held by the Master Trust are managed by Northern Trust, whereas Black Rock funds are managed by Black Rock, Inc., Fidelity funds are managed by the Trustee, Vanguard funds are managed by The Vanguard Group, and State Street funds are managed by State Street Global Advisors. These transactions qualify as party-in-interest transactions; however, they are exempt from the prohibited transaction rules under ERISA.