CASH PAID FOR COMMON STOCK PURCHASED AND RETIRED

3 Months Ended

Mar. 31, 2025

CASH PAID FOR COMMON STOCK PURCHASED AND RETIRED

CASH PAID FOR COMMON STOCK PURCHASED AND RETIRED

16. CASH PAID FOR COMMON STOCK PURCHASED AND RETIRED

The Company has a stock buyback program to repurchase up to 49,578,125 shares in the open market. During the three months ended March 31, 2025, there were no shares repurchased by the Company in the open market. As of March 31, 2025, there were 12,768,870 shares remaining available to be repurchased. The program does not have a preset expiration date. Repurchases of shares of the Company’s common stock may be made from time to time in the open market, by block purchases,

in privately negotiated transactions or in such other manner as determined by the Company. The timing of the repurchases and the actual amount repurchased will depend on a variety of factors, including the market price of the Company's shares, general market and economic conditions, and other factors. The stock repurchase program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or discontinued at any time.

Shares purchased for withholding taxes represent taxes due upon vesting of time-lapse restricted shares granted to employees. Total share repurchases for 2025 and 2024 year to date are detailed below:

	Three months ended March 31, 2025						Three months ended March 31, 2024
	No. of Shares			Avg. Price		Total Cost	No. of Shares			Avg. Price	Total Cost
(in thousands except per share data)
Shares purchased for withholding taxes		424	$	6.76	$	2,868		323	$	9.24	$	2,346
Open market purchases		—		—		—		1,010		7.58		7,512
Total		424	$	6.76	$	2,868		1,333	$	7.74	$	9,858

Excise tax payable on share repurchases totaling $24 thousand in 2024 is not included in the amounts shown above.