6 unchanged sentences
Dividend Policy
−Removed: We began paying annual dividend on our common stock in fiscal 2011, and we began paying a quarterly dividend in fiscal 2017.
−Removed: On May 8, 2019, the Board approved a stock dividend reinvestment program giving stockholders the option to receive their full dividend in cash or to receive their dividend in 50% cash / 50% common stock.
−Removed: The election was made available to stockholders beginning with the dividend declared on May 8, 2019, and stockholders were able to make this election on a quarterly basis.
On April 29, 2020, our Board of Directors susp ended the payment of dividends on our common stock, in accordance with our 2018 Coty Credit Agreement, as amended.
3 unchanged sentences
After the expiration of applicable restrictions under the 2018 Coty Credit Agreement, as amended, we began to pay dividends on the Convertible Series B Preferred Stock in cash for the period ending June 30, 2021, and we expect to continue to pay such dividends in cash on a quarterly basis, subject to the declaration thereof by our Board of Directors.
−Removed: Dividends accrued on the Convertible Series B Preferred Stock before April 1, 2021 have not been paid in cash and any decision to do so will be at the discretion of our Board.
+Added: Dividends accrued on the Convertible Series B Preferred Stock before April 1, 2021 have been declared and paid in October 2021.
The terms of the Convertible Series B Preferred Stock restrict our ability to declare cash dividends on our common stock until all accrued dividends on the Convertible Series B Preferred Stock have been declared and paid in cash.
50 unchanged sentences
Becht were outside of the Company’s Equity and Long-Term Incentive Plan.
−Removed: At the time of December Grant, the phantom units had a value of $1,000,009 based on the closing price of the Company’s Class A Common Stock on December 1, 2014, and at the time of the July Grant, the phantom units had a value of approximately $8,106,000 based on the closing price of the Class A Common Stock on July 21, 2015.
Each phantom unit has an economic value equivalent to one share of the Company’s Class A Common Stock.
The phantom units vested on the fifth anniversary of the grant date.
−Removed: Within 30 days of the grant date, Mr.
−Removed: Becht had the ability to elect whether to receive payment in respect of the phantom units in cash or shares of Class A Common Stock.
Becht elected to receive payment in respect of the December Grant and the July Grant in shares of Class A Common Stock.
1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: Zero and 453,488 shares of Class A Common Stock were repurchased during the fiscal years ende d June 30, 2021 and 2020.
+Added: No shares of Class A Common Stock were repurchased during the fiscal years ende d June 30, 2022 and 2021.
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.