Completion of Capital Return Program

12 Months Ended

Dec. 31, 2024

Completion of Capital Return Program

Completion of Capital Return Program

14. Completion of Capital Return Program

In January 2024, the Company completed its capital return program. Since the initiation of the capital return program in September 2022 and through its completion in January 2024, the Company repurchased a total of 31.41 million of its shares at a weighted average price of $10.354 per share for an approximate aggregate cost of $325.3 million, excluding fees and expenses.

The table below summarizes the share repurchases under the Company’s open market repurchase plan for the following periods:

	Year Ended December 31,
(In thousands, except per share amounts)	2024		2023
Shares repurchased		38		18,634
Amount repurchased (excluding fees and expenses)	$	444	$	196,608
Weighted average cost per share (excluding fees and expenses)	$	11.551	$	10.551