In October 2026, our Board of Directors authorized and approved a share repurchase program of up to $1.00 billion of our outstanding common stock with a repurchase period ending no later than December 31, 2027, which we refer to as the 2027 Share Repurchase Program.

Repurchases of our common stock under the 2027 Share Repurchase Program may be made from time to time in the open market, in privately negotiated transactions or by other methods, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act, at our discretion, and in accordance with the limitations set forth in Rule 10b-18 promulgated under the Exchange Act and other applicable federal and state laws and regulations. The timing of any repurchases will depend on market conditions and will be made at our discretion.

The 2027 Share Repurchase Program does not obligate us to repurchase any dollar amount or number of shares of our common stock, and the program may be extended, modified, suspended, or discontinued at any time.