14 unchanged sentences
Plans or Programs (2)
−Removed: September 2022
+Added: February 2023
The average price paid per share is calculated on a trade date basis for all open market transactions and excludes commissions and other transaction expenses.
−Removed: Based on the closing per share price as of September 30, 2022 ($76.48).
+Added: Based on the closing per share price as of March 31, 2023 ($73.58).
+Added: Includes shares repurchased by the Company from employees in satisfaction of tax withholding obligations.
+Added: The Inflation Reduction Act of 2022 (“IRA”) created a new nondeductible 1% excise tax on repurchases of corporate stock by certain publicly traded corporations or their specified affiliates after December 31, 2022.
+Added: The tax is imposed on the fair value of the stock of a covered corporation that is repurchased in a given year, less the fair market value of any stock issued in that year.
+Added: The Company falls under the definition of a “covered corporation”.
+Added: The excise tax applies to all of the stock of a covered corporation regardless of whether the corporation has profits or losses.
+Added: The impact of the IRA on our consolidated financial statements will be dependent on the extent of stock repurchases made in current and future periods.
DEFAULTS UPON SENIOR SECURITIES
1 unchanged sentence
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.