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 six months ended June 30, 2022:
+Added: common stock made by the Company during the nine months ended September 30, 2022:
Month Ending Total Number of
15 unchanged sentences
June 30, 2022 — — — 3,272,976
+Added: July 31, 2022 — — — 3,272,976
+Added: August 31, 2022 1,073,469 118.63 1,073,469 2,199,507
+Added: September 31, 2022 (3)
+Added: 930,917 111.69 930,917 6,268,590
Total 2,072,872 $ 116.38 2,072,872 6,268,590
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 June 30, 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.
+Added: Since the program's inception through September 30, 2022, the Company has repurchased 53.8 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 $1.7 billion.
Considering the effect of the two-for-one stock split, the Company has repurchased 86.8 million shares at an average price of $19.99 a share.
−Removed: (2) During the six months ended June 30, 2022, the Company redeemed 34,848 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 nine months ended September 30, 2022, the Company redeemed 35,462 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.
+Added: (3) On September 14, 2022, the board of directors approved an increase in the number of shares authorized under its share repurchase program by five million shares.
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.