2 unchanged sentences
The following table sets forth purchases and redemptions of Choice Hotels International, Inc.
−Removed: common stock made by the Company during the three months ended March 31, 2020 :
+Added: common stock made by the Company during the six months ended June 30, 2020 :
Total Number of
13 unchanged sentences
March 31, 2020
+Added: April 30, 2020
+Added: June 30, 2020
(1) The Company’s share repurchase program was initially approved by the board of directors on June 25, 1998.
1 unchanged sentence
The share repurchase program is discretionary in nature and the board of directors has the ability to modify, suspend, or discontinue the program at any time.
−Removed: Since the program's inception through March 31, 2020 , the Company has repurchased 51.6 million shares (including 33.0 million prior to the two-for-one stock split effected in October 2005) of common stock at a total cost of $1.5 billion .
+Added: Since the program's inception through June 30, 2020 , the Company has repurchased 51.6 million shares (including 33.0 million prior to the two-for-one stock split effected in October 2005) of common stock at a total cost of $1.5 billion .
Considering the effect of the two-for-one stock split, the Company has repurchased 84.6 million shares at an average price of $17.55 a share.
−Removed: (2) During the three months ended March 31, 2020 , the Company redeemed 128,103 shares of common stock from employees to satisfy the option price and minimum tax-withholding requirements related to the exercising of options and vesting of restricted stock and performance vested restricted stock unit grants.
+Added: (2) During the six months ended June 30, 2020 , the Company redeemed 115,525 shares of common stock from employees to satisfy the option price and minimum tax-withholding requirements related to the exercising of options and vesting of restricted stock and performance vested restricted stock unit grants.
These redemptions were not part of the board repurchase authorization.
5 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.