12 unchanged sentences
under the Plans or
−Removed: July 1 – 31, 2020
−Removed: August 1 – 31, 2020
−Removed: September 1 – 30, 2020
+Added: January 1 – 31, 2021
+Added: February 1 – 28, 2021
+Added: March 1 – 31, 2021
Includes shares reacquired through the withholding of shares to pay employee tax obligations upon the exercise of options or vesting of restricted shares previously granted under our long-term incentive plans.
−Removed: On July 29, 2016, we announced that our Board of Directors had approved a share repurchase program pursuant to which we were authorized to repurchase up to $150.0 million of our outstanding shares of common stock through July 31, 2018 (the “Program”).
−Removed: On October 30, 2017, we announced that our Board of Directors had approved an additional $250.0 million authorization to repurchase shares under the Program.
−Removed: The Program was also extended through October 31, 2020.
−Removed: On July 31, 2018, we announced that our Board of Directors had approved an additional $300.0 million authorization to repurchase shares, increasing the total authorized amount under the Program to $700.0 million, excluding commissions.
−Removed: On July 28, 2020, we announced that our Board of Directors had approved an additional $500.0 million authorization to repurchase shares, increasing the total authorized amount under the Program to $1,200.0 million, excluding commissions, and extending the Program through December 31, 2023.
−Removed: The Program was temporarily suspended in the first quarter of 2020 in response to uncertainties surrounding COVID-19.
−Removed: On October 21, 2020, we elected to restart the Program and currently have $603.8 million remaining under the Board’s repurchase authorization.
+Added: Since July 29, 2016, our Board of Directors has approved our share repurchase program pursuant to which we are currently authorized to repurchase up to $1,200.0 million of our outstanding shares of common stock through December 31, 2023 (the “Program”).
Repurchases under the Program may be made through open market, block and privately-negotiated transactions, including Rule 10b5-1 plans, at such times and in such amounts as management deems appropriate, subject to market and business conditions, regulatory requirements and other factors.
The Program does not obligate AWI to repurchase any particular amount of common stock and may be suspended or discontinued at any time without notice.
−Removed: During the nine months ended September 30, 2020 , we repurchased 0.4 million shares under the Program for a total cost of $ 34.4 million, excluding commissions, or an average price of $ 89.99 per share.
−Removed: Since inception, through September 30, 2020 , we have repurchased 9.6 million shares under the Program for a total cost of $ 596.2 million, excluding commissions, or an average price of $ 62.13 per share.
+Added: During the three months ended March 31, 2021, we repurchased 0.1 million shares under the Program for a total cost of $10.0 million, excluding commissions, or an average price of $79.60 per share.
+Added: Since inception, through March 31, 2021, we have repurchased 9.8 million shares under the Program for a total cost of $616.2 million, excluding commissions, or an average price of $62.57 per share.
DEFAULTS UPON SENIOR SECURITIES
2 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.