11 unchanged sentences
Subject to market conditions, normal trading restrictions and satisfying certain financial covenants in our Credit Facility, and in the Indenture governing our Senior Notes, we may make purchases in the open market or through privately negotiated transactions under our Board authorized share repurchase program, in accordance with Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
+Added: See Note X of Part II, Item 8.
+Added: Financial Statements and Supplementary Data for additional information related to our share repurchase program.
+Added: The information discussed therein is incorporated by reference in its entirety into this Part I, Item 1 of this Annual Report.
On February 23, 2022, our Board authorized an increase in our share repurchase program to permit us to purchase up to an additional $ 75.0 million under our share repurchase program, in addition to amounts previously authorized and outstanding in accordance with Rule 10b-18 of the Exchange Act, which totaled up to $ 48.9 million in share repurchase authorizations.
−Removed: Share repurchase activity is as follows (dollar value in thousands):
−Removed: Years Ended December 31,
−Removed: 2024 2023 2022
−Removed: Number of Shares Repurchased
−Removed: Average Price Paid Per Share $ — $ — $ 49.22
−Removed: Dollar Value of Shares Repurchased
−Removed: $ — $ — $ 34,234
Our shares were purchased in the open market at times and in amounts as management determined appropriate based on factors such as market conditions, legal requirements and other business considerations.
Shares purchased pursuant to the repurchase program are currently held as treasury stock.
+Added: No shares were repurchased during the years ended December 31, 2025, 2024 and 2023.
At December 31, 2025, our share repurchase program had $ 48.9 million authorized for repurchases.
10 unchanged sentences
STOCKHOLDER RETURN PERFORMANCE GRAPH
−Removed: The following line graph below compares the yearly change in cumulative total stockholder return over a 5-year period on our common stock relative to the cumulative total returns of the Russell 3000 Index (the “Russell 3000”), the peer group shown in our Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Peer Group”), which comprised of SCI, Matthews International Corp.
−Removed: (“Matthews”) and Park Lawn Corporation (“Park Lawn”), and our new peer group consisting of SCI and Matthews (the “2024 Peer Group”).
+Added: The following line graph below compares the yearly change in cumulative total stockholder return over a 5-year period on our common stock relative to the cumulative total returns of the Russell 3000 Index (the “Russell 3000”) and a peer group selected by the Company comprised of SCI and Matthews International Corp.
+Added: ("Matthews") (the "Peer Group").
We use a peer group index, as we believe there is no relevant published industry or line-of-business index that reflects the companies against which we compete in our industry.
−Removed: We removed Park Lawn from our 2024 Peer Group as a result of Park Lawn’s going private transaction and related delisting from the Toronto Stock Exchange as of August 12, 2024.
−Removed: The returns of each member of the 2023 Peer Group and 2024 Peer Group are weighted according to their respective stock market capitalization as of the beginning of each period measured.
−Removed: The graph assumes that the value of the investment in our common stock, the Russell 3000 Index, the 2023 Peer Group and the 2024 Peer Group was $100 on the last trading day of December 2019, and that all dividends were reinvested.
+Added: The returns of each member of the Peer Group are weighted according to their respective stock market capitalization as of the beginning of each period measured.
+Added: The graph assumes that the value of the investment in our common stock, the Russell 3000 Index and the Peer Group was $100 on the last trading day of December 2020, and that all dividends were reinvested.
Performance data for Carriage, the Russell 3000 Index and the Peer Group is provided as of the last trading day of each of our last five fiscal years.
−Removed: For the 2023 Peer Group, as a result of Park Lawn’s delisting on August 12, 2024, the stock performance data as of December 31, 2024, reflects SCI’s and Matthews’ total cumulative return only.
The following graph and related information shall not be deemed “soliciting material” or “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities or the Exchange Act except to the extent that we specifically incorporate it by reference.
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
−Removed: COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN
−Removed: Among Carriage, the Russell 3000 Index, the 2023 Peer Group and the 2024 Peer Group
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.