Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Our common shares are traded on the New York Stock Exchange under the symbol "CHH".
−Removed: As of February 14, 2023, there were 926 holders of record of the Company’s common stock.
+Added: Our common shares are traded on the New York Stock Exchange under the symbol "CHH." As of February 14, 2024, there were 888 holders of record of the Company’s common stock.
ISSUER PURCHASES OF EQUITY SECURITIES
The following table sets forth purchases and redemptions of the Company's common stock made by the Company during the year ended December 31, 2023.
−Removed: Month Ending Total Number of
−Removed: Shares Purchased
−Removed: or Redeemed Average Price
−Removed: Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1),(2)
−Removed: Maximum Number of
−Removed: Shares that may yet be
−Removed: Purchased Under the Plans
−Removed: or Programs, End of Period (3)
+Added: Refer to Liquidity and Capital Resources section of Management's Discussion and Analysis of Financial Condition and Resulted of Operations for more information.
+Added: Month Ending Total
+Added: Number of Shares
+Added: Purchased or Redeemed Average Price
+Added: Paid per Share Total Number of Shares
+Added: Purchased as Part of
+Added: Plans or Programs (1)
+Added: Number of Shares that
+Added: may yet be Purchased
+Added: Under the Plans or Programs,
+Added: End of Period
January 31, 2023 554,622 $ 118.66 554,622 4,120,542
7 unchanged sentences
September 30, 2023 177,991 126.38 177,763 2,268,617
−Removed: 931,459 111.69 930,917 6,268,590
October 31, 2023 231,841 118.50 231,783 2,036,834
2 unchanged sentences
Total 3,025,934 $ 120.93 2,911,692 1,763,472
−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: Since the program's inception through December 31, 2022, the Company repurchased 55.4 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 $1.9 billion.
−Removed: Considering the effect of the two-for-one stock split, the Company repurchased 88.4 million shares at an average price of $21.76 per share.
−Removed: (2) During the year ended December 31, 2022, the Company redeemed 36,120 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 performance vested restricted stock units and restricted stock grants.
+Added: (1) During the year ended December 31, 2023, the Company redeemed 114,242 shares of common stock from employees to satisfy the option price and the minimum tax-withholding requirements related to the exercising of options and the vesting of performance vested restricted stock units and restricted stock 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.
−Removed: Table of Content s
STOCKHOLDER RETURN PERFORMANCE
The graph below matches Choice Hotels International, Inc.'s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the NYSE Composite index, the S&P Hotels, Resorts & Cruise Lines index, and the S&P 400 Consumer Discretionary index.
−Removed: We have included the S&P 400 Consumer Discretionary index in our cumulative total return comparisons below, which reflects a change from the presentation in prior fiscal years.
−Removed: Management believes that the companies included in the S&P 400 Consumer Discretionary Index appropriately reflect the scope of the Company’s operations and match the competitive market in which the Company operates.
The graph tracks the performance of a $100 investment in our common stock and in each index (with the reinvestment of all dividends) from December 31, 2018 to December 31, 2023.
6 unchanged sentences
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
−Removed: Table of Content s
Selected Financial Data
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.