From time to time, we repurchase our common stock mainly through open market repurchase plans. On March 24, 2025, our Board of Directors authorized us to spend up to $100 million to repurchase shares of our stock. This authorization superseded and replaced all previous authorizations to repurchase shares of our stock and has no automatic expiration.

During the Second Quarter of Fiscal 2026 and First Half of Fiscal 2026, we repurchased no shares of our common stock pursuant to the open market repurchase plan authorization.

During the Second Quarter of Fiscal 2025, we repurchased 114,477 shares of our common stock at an average cost of $40.46 for $5 million in open market repurchases under the March 24, 2025 authorization. During the First Half of Fiscal 2025, we repurchased a total of 956,484 shares in open market repurchases at an average cost of $57.12 for $55 million, including 842,007 shares of our common stock at an average cost of $59.38 for $50 million under a previous December 10, 2024, Board of Directors authorization of up to $100 million to repurchase shares of our stock.

We also repurchase shares from our employees to cover employee tax liabilities related to the vesting of shares of our common stock. During the Second Quarter of Fiscal 2026 and First Half of Fiscal 2026, we repurchased $1 million of shares from our employees related to the May 2026 vesting of service-based restricted share awards. During the Second Quarter of Fiscal 2025 and First Half of Fiscal 2025, we repurchased $2 million of shares from our employees related to the May 2025 vesting of service-based restricted share awards and TSR-based restricted share units.

In recent years, we have granted a combination of service-based restricted share awards and awards based on relative total shareholder return (“TSR”) to certain select employees.


	First Half of Fiscal 2026
	Number of Shares or Units	Weighted- average grant date fair value
Awards outstanding at beginning of year	235,457	$	85
Awards granted	249,865	$	33
Awards vested, including awards repurchased from employees for employees’ tax liability	(50,764)	$	115
Awards forfeited	(12,643)	$	74
Awards outstanding on August 1, 2026	421,915	$	51

The table below summarizes the TSR-based restricted share unit activity at target for the First Half of Fiscal 2026:


	First Half of Fiscal 2026
	Number of Share Units	Weighted- average grant date fair value
TSR-based awards outstanding at beginning of year	244,346	$	117
TSR-based awards granted	101,250	$	42
TSR-based restricted shares vested including restricted share units repurchased from employees for employees’ tax liability(1)	(65,757)	$	153
TSR-based awards forfeited	(6,736)	$	114
TSR-based awards outstanding on August 1, 2026	273,103	$	81

(1)The shares reflected as vested during the First Half of Fiscal 2026 are shown at target for which performance and vesting would have occurred. No shares were issued based on the performance of our common stock.

As disclosed in Note 1 to our consolidated financial statements contained in our Fiscal 2025 Form 10-K, the fair value of TSR-based awards is not tied to the price of our common stock at any fixed point in time; rather, the fair value of TSR-based awards is determined using a Monte Carlo simulation model, which models multiple TSR paths for our

common stock as well as the comparator group, as applicable, to evaluate and determine the estimated fair value of the award.