Shareholders' Equity

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Shareholders' Equity

NOTE 24 – Shareholders’ Equity

Share Repurchase Program

We have an ongoing authorization from the Board of Directors to repurchase our common stock in the open market or in negotiated transactions. At September 30, 2024, the maximum number of shares that may yet be purchased under this plan was 10.5 million. The repurchase program has no expiration date. These purchases may be made on the open market or in privately negotiated transactions, depending upon market conditions and other factors. Repurchased shares may be used to meet obligations under our company’s employee benefit plans and for general corporate purposes.

The following table presents the Company’s share repurchase activity using existing Board authorizations during the three and nine months ending September 30, 2024 and 2023 (in thousands, except average price):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Share repurchases	$	20,222	$	118,810	$	98,529	$	300,152
Number of shares		249		1,886		1,318		4,830
Average price	$	81.23	$	63.00	$	74.78	$	62.14

Issuance of Common Stock from Treasury

During the nine months ended September 30, 2024, we issued 2.6 million shares of common stock from treasury, primarily a result of vesting and exercise transactions under our incentive stock award plans.