Stockholders' Equity

9 Months Ended

Sep. 30, 2025

Stockholders' Equity.

Stockholders' Equity

Note 19—Stockholders’ Equity

The Company’s stock repurchase program provides for the repurchase of up to $2 billion of its common stock, before transaction costs and excise tax.

Following is a summary of activity under the stock repurchase program:

	Quarter ended September 30,				Nine months ended September 30,				Cumulative
	2025		2024		2025		2024		total (1)
	(in thousands)
Shares of common stock repurchased		50		—		50		—		34,113
Cost of shares of common stock repurchased	$	4,739	$	—	$	4,739	$	—	$	1,792,937

(1) Amounts represent the total shares of common stock repurchased under the stock repurchase program from inception through September 30, 2025. Cumulative total cost of shares of common stock repurchased includes $537,000 of transaction fees as of September 30, 2025.