11. Subsequent Events

​

On October 21, 2026 (the “Repurchase Program Increase Date”), the Board authorized the Company to repurchase an additional $400 million of shares of its common stock under the Repurchase Program (the “Repurchase Program Increase”). Following the Repurchase Program Increase, approximately $468 million remained available for future share repurchases under the Repurchase Program as of the Repurchase Program Increase Date. Repurchases under the Repurchase Program may be made through a variety of methods, which could include open market purchases, which may or may not be pursuant to Rule 10b5-1 trading plans, privately negotiated transactions, block trades, accelerated share repurchase plans, or any combination of such methods. The timing and amount of shares repurchased will depend on the stock price, business and market conditions, corporate and regulatory requirements, alternative investment opportunities, acquisition opportunities, and other factors. The Company is not obligated to repurchase any specific amount of shares of common stock. The Repurchase Program does not have an expiration date and may be amended or terminated by the Board at any time without prior notice.