Common Equity

9 Months Ended

Sep. 30, 2025

Common Equity

Common Equity

Note 18. Common Equity

At September 30, 2025 the authorized stock of the Company consisted of 75,000,000 shares of common stock without par value.

Changes in outstanding common shares are summarized as follows:

	Shares
	Outstanding
Shares as of December 31, 2023	20,310,584
Treasury stock purchases	(114,925)
Common stock issued (including stock-based compensation impact)	448,674
Balance as of September 30, 2024	20,644,333
	Shares
	Outstanding
Balance as of December 31, 2024	20,416,908
Treasury stock purchases	(304,136)
Common stock issued (including stock-based compensation impact)	205,598
Balance as of September 30, 2025	20,318,370