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, 2022:
+Added: common stock made by the Company during the three months ended March 31, 2023.
+Added: Refer to the Liquidity and Capital Resources header of "Management's Discussion and Analysis of Financial Condition and Results of Operations" for more information.
Month Ending Total Number of
12 unchanged sentences
March 31, 2023 382,389 119.44 272,089 3,443,944
−Removed: April 30, 2022 — — — 3,272,976
−Removed: May 31, 2022 — — — 3,272,976
−Removed: June 30, 2022 — — — 3,272,976
−Removed: July 31, 2022 — — — 3,272,976
−Removed: August 31, 2022 1,073,469 118.63 1,073,469 2,199,507
−Removed: September 31, 2022 (3)
−Removed: 930,917 111.69 930,917 6,268,590
Total 1,341,520 $ 120.50 1,231,220 3,443,944
−Removed: (1) The Company’s share repurchase program was initially approved by the board of directors on June 25, 1998.
−Removed: The program has no fixed dollar amount or expiration date.
−Removed: 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, 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.
−Removed: 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 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.
+Added: (1) During the three months ended March 31, 2023, the Company redeemed 110,300 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) 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.