The company said it entered into a new share repurchase agreement with Deutsche Bank AG, London Branch on July 18, 2025, under which it will buy approximately $300 million of its outstanding common stock.

1. 01

   The company said it entered into a new share repurchase agreement with Deutsche Bank AG, London Branch on July 18, 2025, under which it will buy approximately $300 million of its outstanding common stock.

2. 02

   The company said the purchase is part of the 100 million share repurchase program it previously announced in a press release on June 16, 2025 and in a Form 8-K current report.

3. 03

   The company said the agreement consists of a Master Confirmation dated September 30, 2024 plus 2 Supplemental Confirmations dated July 18, 2025, each with a notional amount of $150 million. It said it will pay Deutsche an aggregate of $300 million on July 21, 2025.

4. 04

   The company said it expects to receive a substantial majority of the underlying shares by July 21, 2025. It said the final number of shares to be delivered will be based generally on a discount to the average of the daily volume-weighted average NASDAQ prices during the term of the agreement, and it expects settlement to occur on or before September 29, 2025.

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Original filing

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