3 unchanged sentences
Share Repurchase Program
−Removed: On October 27, 2021, we announced that the Board of Directors authorized a $250 million share repurchase program that expires on December 31, 2023 (the "2021 Repurchase Program").
−Removed: This authorization replaces our previous $250 million repurchase program, authorized by the Board of Directors in February 2020 (the "2020 Repurchase Program"), which expired on December 31, 2021, with no amount remaining available.
+Added: On November 2, 2023, our Board of Directors authorized a $500 million share repurchase program that expires on December 31, 2025 (the “2023 Repurchase Program”).
Under the 2023 Repurchase Program, we are not obligated to repurchase any specific dollar amount or number of shares.
The.timing and volume of share repurchases may be executed at the discretion of management on an opportunistic basis, or pursuant to trading plans or other arrangements.
−Removed: Share repurchases under this program may be made in the open market, in privately negotiated transactions, or otherwise.
+Added: Share repurchases under the 2023 Repurchase Program may be made in the open market, in privately negotiated transactions, or otherwise.
+Added: In October 2021, we announced that our Board of Directors authorized a $250 million share repurchase program (the "2021 Repurchase Program").
+Added: Under the 2021 Repurchase Program, in 2023, we repurchased a total of 2,297,955 shares of our common stock for an aggregate of $169.9 million and an average price of $73.92 per share.
In 2022, we repurchased a total of 948,395 shares of our common stock for an aggregate of $52.2 million and an average price of $55.01 per share.
These shares were retired upon repurchase.
−Removed: At December 31, 2022, $198 million remained available under the 2021 Repurchase Program.
+Added: The 2021 Repurchase Program expired on December 31, 2023 with approximately $28 million remaining available.
+Added: Our Board of Directors previously authorized a $250 million repurchase program (the “2020 Repurchase Program”) in February 2020.
Under the 2020 Repurchase Program, we entered into three accelerated share repurchase arrangements (each, an "ASR") with a financial institution.
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The following table provides information about common stock repurchases by the Company during the quarter then ended December 31, 2023.
−Removed: Period (a) Total Number of Shares Purchased 1
−Removed: (b) Average Price Paid per Share (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (d) Maximum Number (or Approximate Dollar Value) of Shares that May Yet be Purchased Under the Plans or Programs
+Added: (a) Total Number of Shares Purchased
+Added: (b) Average Price Paid per Share (c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
+Added: (d) Maximum Number (or Approximate Dollar Value) of Shares that May Yet be Purchased Under the Plans or Programs (1)
October 1 through
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December 31, 2023 239,494 $85.08 844,382 27,967,551
−Removed: (1) In the fourth quarter of 2021, we entered into a $250 million share repurchase program that expires on December 31, 2023.
−Removed: Shares repurchases under this program may be made in the open market, in privately negotiated transactions, or otherwise.
−Removed: In July 2022, the Company entered into an agreement to repurchase shares of common stock in the open market.
−Removed: In the fourth quarter of 2022, a total of 446,835 shares of common stock was repurchased for an aggregate of $24.9 million and an average price of $55.75 per share.
+Added: (1) On October 27, 2021, the Company's Board of Directors approved a $250 million share repurchase program that expired on December 31, 2023, with approximately $28 million remaining under the program.
The following graph compares the cumulative 5-year total return provided to shareholders of The Brink’s Company’s common stock compared to the cumulative total returns of the S&P Midcap 400 index and the common stocks of a selected peer group of companies.
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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.