Annual report [Section 13 and 15(d), not S-K Item 405]

Subsequent Events

v3.25.4
Subsequent Events
 12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
The Company has evaluated subsequent events through February 13, 2026, and has concluded that no events have occurred
that require disclosure other than the events listed below.
On February 10, 2026, the Company’s Board of Directors approved a share repurchase program that authorizes the
Company to repurchase up to $300.0 million of its outstanding Class A common stock. Share repurchases may be made
from time to time on the open market, in privately negotiated transactions, using Rule 10b5-1 trading plans, as accelerated
share repurchases, or in any other manner that complies with the applicable securities law. The timing of purchases and
number of shares repurchased under the program will depend upon a variety of factors including the Company’s stock
price, trading volume, working capital or other liquidity requirements, and market conditions. The Company is not
obligated to purchase any shares under the program and the program may be suspended or discontinued at any time without
notice.
On February 12, 2026, the Company’s Board of Directors approved a quarterly cash dividend of $0.13 per share of
outstanding Class A common stock. The quarterly dividend will be payable on March 10, 2026, to shareholders of record
of Class A common stock as of the close of business on February 24, 2026. Any future dividends will be subject to the
approval of the Company’s Board of Directors.
On February 12, 2026, the Company announced the Empower program, a three-year restructuring program commencing in
the first quarter of 2026. The program is expected to result in approximately $160.0 million of cumulative one-time charges
through 2028 and to generate annual savings of approximately $80.0 million in 2029.