SHAREHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2025

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY

10. SHAREHOLDERS’ EQUITY

Share Repurchase Authorization

In November 2022, the Company’s Board of Directors authorized the repurchase of up to 10,000,000 shares of its common stock, including shares to be repurchased under Rule 10b5–1. As of March 31, 2025, 8,200,873 shares remained to be repurchased under the Company’s repurchase authorization. The Company intends to repurchase all shares under its authorization, for which no expiration date has been established, in open market or privately negotiated transactions, subject to market conditions.

Share Repurchases

During the first quarter of 2025, the Company reacquired 648,220 shares of its common stock, of which 580,712 related to share repurchases through open market and 67,508 related to shares withheld for taxes on the exercise of stock options and the vesting of stock awards and units.

During the first quarter of 2024, the Company reacquired 921,618 shares of its common stock, of which 833,386 related to share repurchases through open market and 88,232 related to shares withheld for taxes on the exercise of stock options and the vesting of stock awards and units.