17 unchanged sentences
The following table provides information regarding options, warrants and other rights to acquire equity securities under our equity compensation plans as of December 31, 2023:
−Removed: Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans (2)
+Added: Number of Securities to be Issued upon Exercise of Outstanding Options, Warrants and Rights (2)
+Added: Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans (3)
Equity compensation plans approved by security holders (1)
1 unchanged sentence
(1) There are no securities to be issued under any equity compensation plans not approved by our security holders.
−Removed: (2) The shares shown as being issuable under equity compensation plans exclude unvested restricted stock awards of 429,868 as all restricted stock awards are deemed to have been issued.
−Removed: This number includes shares granted under our 2016 Long-Term Incentive Plan and 2022 Long-Term Incentive Plan.
+Added: (2) The shares shown as to be issued under equity compensation plans exclude 573,560 shares of unvested restricted stock awards as all restricted stock awards are deemed to have been issued.
(3) Our 2022 Long-Term Incentive Plan applies a fungible ratio such that a full-value award, such as a restricted stock grant or restricted stock unit grant, will be counted at two times its number for purposes of the plan limit.
2 unchanged sentences
We paid a quarterly dividend from 2015 through first quarter 2020 when we suspended all cash dividends upon the onset of the pandemic.
−Removed: In addition, in connection with the Payroll Support Program Agreements we entered into with the Treasury, repurchases of common stock and the payment of cash dividends were prohibited through September 30, 2022.
−Removed: We have yet to recommence any cash dividends.
+Added: In addition, in connection with the Payroll Support Program Agreements we entered into with the U.S.
+Added: Department of Treasury, repurchases of common stock and the payment of cash dividends were prohibited through September 30, 2022.
+Added: In 2023, we recommenced the payment of cash dividends.
+Added: Our board established the annual dividend rate at $2.40 per share and dividends of $0.60 per share per quarter were declared, and paid, in the third and fourth quarters, bringing total regular cash dividends declared, and paid, in 2023 to $1.20 per share.
+Added: Certain of our credit agreements limit the amount of dividends we may pay.
+Added: The most restrictive agreement provides that absent an event of default, regularly scheduled dividends in any four-quarter period may be paid up to the lesser of $75.0 million or 20 percent of our consolidated EBITDA (as defined in the agreement) for the previous four-quarter period.
+Added: Absent an event of default, this restriction does not constrain the continued payment of a quarterly dividend at the current level.
Our Repurchases of Equity Securities
10 unchanged sentences
(2) Represents the remaining dollar amount of open market purchases of our common stock which has been authorized by our board under a share repurchase program.
−Removed: In January 2023, our board increased the stock repurchase authority to $100.0 million.
Stock Price Performance Graph
−Removed: The following graph compares the cumulative total shareholder return on our common stock with the cumulative total return on the Nasdaq Composite Index and the AMEX Airline Index since December 31, 2017.
+Added: The following graph compares the cumulative total shareholder return on our common stock with the cumulative total return on the Nasdaq Composite Index and the NYSE ARCA Airline Index since December 31, 2018.
The graph assumes that the value of the investment in our common stock and each index was $100 on December 31, 2018 and that all dividends are reinvested.
Stock price performance for the historical periods presented is not necessarily indicative of future results.
−Removed: 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022
−Removed: ALGT $ 100.00 $ 66.57 $ 116.08 $ 126.36 $ 124.94 $ 48.01
−Removed: Nasdaq Composite Index 100.00 96.12 129.97 186.69 226.63 151.61
−Removed: AMEX Airline Index 100.00 77.65 94.17 71.15 69.91 45.24
The stock price performance graph shall not be deemed incorporated by reference by any general statement incorporating by reference this annual report on Form 10-K into any filing under the Securities Act of 1933 or under the Securities Exchange Act of 1934, except to the extent that we specifically incorporate this information by reference, and shall not otherwise be deemed filed under such Acts.
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.