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STOCK REPURCHASE PROGRAMS

12 Months Ended

Dec. 31, 2025

In November 2024, the Company's Board of Directors ("the Board") authorized an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to $200 million, including the $72.9 million remaining under the previous authorization. As of December 31, 2025, Patrick has $168.0 million remaining in the amount of the Company's common stock that may be acquired under the current stock repurchase program.

Under the stock repurchase plans, the Company made repurchases of common stock for 2025, 2024, and 2023 as follows:


	Year Ended December 31,
($ in millions, except average price data)	2025		2024		2023
Shares repurchased	377,612		60,000		415,176
Average price	$	84.66	$	77.68	$	45.30
Aggregate cost	$	32.0	$	4.7	$	18.8

The Company's common stock does not have a stated par value. As a result, repurchases of common stock have been reflected, using an average cost method, as a reduction of common stock and retained earnings in the Company's consolidated balance sheets.