NOTE 14—SUBSEQUENT EVENTS
Stock Repurchases
On August 21, 2025, the Company’s Board of Directors approved a new $500 million stock repurchase program (the “2025 August Program”). Under the 2025 August Program, the Company is authorized to repurchase up to $500 million of common stock. The
2025 August Program expires on September 30, 2026.
Dividends
On August 22, 2025, the Company announced that its Board of Directors had approved a quarterly cash dividend of $0.80 per share payable on September 8, 2025 to shareholders of record at the close of business on September 2, 2025. Any future dividends will be subject to the approval of the Company’s Board of Directors.
