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 nine months ended September 30, 2021:
+Added: common stock made by the Company during the three months ended March 31, 2022:
Month Ending Total Number of
12 unchanged sentences
March 31, 2022 — — — 3,272,976
−Removed: April 30, 2021 222 113.88 — 3,399,216
−Removed: May 31, 2021 934 113.80 — 3,399,216
−Removed: June 30, 2021 1,582 117.04 1,582 3,397,634
−Removed: July 31, 2021 13,083 116.18 13,083 3,384,551
−Removed: August 31, 2021 23,272 115.55 21,663 3,362,888
−Removed: September 30, 2021 3,691 126.77 — 3,362,888
Total 68,486 $ 144.97 68,486 3,272,976
2 unchanged sentences
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 September 30, 2021, the Company has repurchased 51.7 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 March 31, 2022, the Company has repurchased 51.8 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 84.8 million shares at an average price of $17.73 a share.
−Removed: (2) During the nine months ended September 30, 2021, the Company redeemed 52,955 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 three months ended March 31, 2022, the Company redeemed 32,426 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.
−Removed: (3) In April 2020, in light of uncertainty resulting from the COVID-19 pandemic, we temporarily suspended activity under the Company's share repurchase program.
−Removed: On May 7, 2021, the Company's board of directors approved resumption of the share repurchase program.
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.