4 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: The following table sets forth our share repurchase activity for each period presented:
−Removed: Average Price
+Added: The following table sets forth our share purchase activity for each period presented:
Yet be Purchased
−Removed: Paid Per Share
+Added: Average Price
Under the Plan (2)
+Added: Purchased (1)
+Added: Paid Per Share
+Added: ($ in thousands)
October 1, 2022 - October 31, 2022
1 unchanged sentence
December 1, 2022 - December 31, 2022
−Removed: (1) The total number of shares purchased represent shares of our common stock transferred to us in order to satisfy tax withholding obligations incurred upon the vesting of restricted stock and RSUs held by our employees .
−Removed: (2) As of December 31, 2021, we did not have an authorized share repurchase program.
−Removed: Capital Return Program
+Added: (1) The total number of shares purchased includes shares of our common stock transferred to us in order to satisfy tax withholding obligations incurred upon the vesting of equity awards held by our employees in October 2022 .
+Added: (2) On October 25, 2022, our Board of Directors authorized a $1.0 billion increase to our share repurchase program to allow us to repurchase up to $2.0 billion of our outstanding common stock.
+Added: Share Repurchase Program
On February 15, 2022, our Board of Directors authorized a share repurchase program to opportunistically repurchase up to $1.0 billion of shares of our outstanding common stock.
−Removed: The shares may be repurchased from time to time in open market transactions, through privately negotiated transactions or by other means in accordance with federal securities laws.
+Added: On October 25, 2022, our Board of Directors authorized a $1.0 billion increase to our share repurchase program to allow us to repurchase up to an aggregate of $2.0 billion of our outstanding common stock.
+Added: Through December 31, 2022, we have repurchased 25 million shares of our common stock through our share repurchase program at a total cost of $874 million.
+Added: The shares may be repurchased from time to time in open market transactions, through
+Added: privately negotiated transactions or by other means in accordance with federal securities laws.
The timing, as well as the number and value of shares repurchased under the program, will be determined by us at our discretion and will depend on a variety of factors, including the market price of our common stock, general market and economic conditions and applicable legal requirements.
−Removed: The exact number of shares to be repurchased by us is not guaranteed and the program may be suspended, modified or discontinued at any time without prior notice.
+Added: Our share repurchase program will be subject to the new 1% excise tax on stock repurchases imposed under the IRA 2022 for all repurchases on or after January 1, 2023.
Dividend Restrictions
−Removed: Our ability to pay dividends is governed by (i) the provisions of Delaware general corporation law, (ii) our Certificate of Incorporation and Bylaws, (iii) the indentures relating to our 5.00% senior notes due 2025, 8.375% senior notes due 2026, 7.625% senior notes due 2029, 5.375% senior notes due 2030 and 4.25% convertible senior notes due 2026 and (iv) the Credit Facility.
+Added: Our ability to pay dividends is governed by (i) the provisions of Delaware general corporation law, (ii) our Certificate of Incorporation and Bylaws, (iii) the indentures relating to our 8.375% senior notes due 2026, 7.625% senior notes due 2029, 5.375% senior notes due 2030 and 4.25% convertible senior notes due 2026 and (iv) the Credit Facility.
We have not paid or declared any dividends on our common stock.
−Removed: The future payment of cash dividends on our common stock, if any, is within the discretion of the Board of Directors and will depend on our earnings, capital requirements, financial condition and other relevant factors.
+Added: The amount and timing of future payment of cash dividends on our common stock, if any, is within the discretion of the Board of Directors and will depend on our earnings, capital requirements, financial condition and other relevant factors.
There is no assurance that we will pay any cash dividends on our common stock.
6 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.