Item 8.01. Other Events

On October 1, 2021, the board of directors approved a $500.0 million increase in the remaining authorization of the Company's existing stock repurchase program from $141.2 million to $641.2 million. The repurchase authorization has no time limit and does not require the repurchase of a minimum number of shares. Common shares may be repurchased on the open market or in privately negotiated transactions, including under plans complying with the provisions of Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934. The timing and actual number of common shares to be repurchased will depend upon market conditions, eligibility to trade, and other factors.

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