(4) Stock Repurchase

The Company’s Board of Directors (the “Board”) adopted a stock repurchase program in May 2023, which authorizes the Company to repurchase shares of the Company’s common stock in the public market or in private transactions, from time to time, at prevailing prices. Under the repurchase program, the Board initially authorized up to $250.0 million for the repurchase of the Company’s common stock. In May 2025, the Board approved a $250.0 million increase to the existing repurchase program. At March 31, 2026, $137.8 million remained available under the repurchase program.

During the three months ended March 31, 2026, the Company repurchased 782,900 shares of common stock for $75.3 million at a weighted average price per share of $96.18. The Company also recorded $0.1 million of excise tax

related to the stock repurchases as treasury stock in the Company’s stockholders’ equity for the three months ended March 31, 2026. During the three months ended March 31, 2025, the Company repurchased 140,658 shares of common stock for $13.7 million at a weighted average price per share of $97.27. The Company did not record excise tax related to the stock repurchases for the three months ended March 31, 2025.