3 unchanged sentences
stock on the open market from time to time.
−Removed: From inception through March 31, 2024, we have repurchased a total of approximately 6.9 million shares (at current market prices) under the various open market stock buyback programs for an aggregate price of $106.6 million, or an average price of $15.47 per share.
+Added: For six months ended June 30, 2024, we have repurchased a total of approximately $1.4 million (at current market prices) under the various open market stock buyback programs for an aggregate price of $100.0 million, or an average price of $73.90 per share.
The Board must authorize the timing and amount of these purchases and all repurchases are in accordance with the rules and regulations of the SEC allowing the Company to repurchase shares from the open market.
−Removed: On November 3, 2022, the Board of Directors approved an updated stock repurchase plan with repurchases under the plan not to exceed $50.0 million.
−Removed: The current repurchase plan will expire at the Board of Directors discretion.
−Removed: The Company repurchases shares of AAON, Inc.
+Added: The Company also repurchases shares of AAON, Inc.
stock from employees for payment of statutory tax withholdings on stock transactions.
−Removed: All repurchases from directors or employees are contingent upon Board approval and all shares are repurchased at current market prices.
−Removed: From inception through March 31, 2024, we repurchased approximately 3.1 million shares (at current market prices) for an aggregate price of $27.7 million, or an average price of $8.86 per share.
−Removed: Lastly, the Company also had a stock repurchase arrangement by which employee-participants in our 401(k) Plan were entitled to have shares of AAON, Inc.
−Removed: stock in their accounts sold to the Company.
−Removed: The 401(k) Plan was amended in June 2022 to discontinue this program.
−Removed: From inception through March 31, 2024, we repurchased approximately 12.5 million shares (at current market prices) for an aggregate price of $171.8 million, or an average price of $13.78 per share.
−Removed: Repurchases during the first quarter of 2024 were as follows:
+Added: All other repurchases from directors or employees are contingent upon Board approval and are repurchased at current market prices.
+Added: For six months ended June 30, 2024, we repurchased approximately 42.6 thousand shares (at current market prices) for an aggregate price of $3.5 million, or an average price of $82.05 per share.
+Added: Repurchases during the second quarter of 2024 were as follows:
ISSUER PURCHASES OF EQUITY SECURITIES
9 unchanged sentences
Plans or Programs
−Removed: January 2024 610 $ 71.22 610 —
−Removed: February 2024 13,165 86.09 13,165 —
−Removed: March 2024 23,085 80.75 23,085 —
+Added: April 2024 2,652 $ 80.67 2,652 —
+Added: May 2024 540,409 74.73 540,409 —
+Added: June 2024 816,216 73.37 816,216 —
Total 1,359,277 $ 74.15 1,359,277 —
9 unchanged sentences
As a result of the shares issued in March 2024, the tax basis exceeded the book basis for consideration paid resulting in a deferred tax asset and an increase to additional paid-in capital of $ 6.4 million, respectively, on our consolidated balance sheet.
−Removed: The deferred tax asset is expected to be amortized over fifteen years.
+Added: The deferred tax asset is expected to be amortized over 15 years.
We previously issued 0.58 million shares in March 2023, related to the earn-out milestone for the year ended 2022.
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.