The new share repurchase program replaces the prior $500 million program that was authorized in July 2025. The new share repurchase program includes and is not in addition to the $306 million remaining under the prior authorization as of the close of trading on October 27, 2026. Share repurchases may be made at management’s discretion from time to time in the open market (either with or without a 10b5-1 plan) or through privately negotiated transactions. The repurchase program has no time limit and may be suspended or discontinued at any time.

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