UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: The table below sets forth information with respect to purchases of our Class A common stock made by us during the quarter ended September 30, 2021:
+Added: The table below sets forth information with respect to purchases of our Class A common stock made by us during the quarter ended March 31, 2022:
(a) Total Number of Shares Purchased
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(d) Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs(1)
−Removed: July 1-30, 2021
−Removed: August 1-31, 2021
−Removed: September 1-30, 2021
−Removed: On January 25, 2021, our Board approved the repurchase of up to $40.0 million of our outstanding Class A common stock.
−Removed: Under such authorization, we repurchased 0.5 million shares of our Class A common stock for $8.4 million between January 2021 and April 2021.
+Added: January 1-31, 2022
+Added: February 1-28, 2022
+Added: March 1-31, 2022
+Added: On January 25, 2021, our Board approved the repurchase of up to $40.0 million of our outstanding Class A common stock.
+Added: Under such authorization, we repurchased 0.5 million shares of our Class A common stock for $8.1 million during the three months ended March 31, 2021.
On August 5, 2021, our Board increased such authorization to $40.0 million.
−Removed: On August 9, 2021, we commenced a modified Dutch tender offer to purchase for cash shares of our Class A common stock for an aggregate purchase price of not more than $40.0 million and at a price per share of not less than $21.00 and not more than $23.00 per share.
−Removed: The tender offer expired on September 3, 2021.
−Removed: Through the tender offer, we accepted for purchase 86,132 shares of our common stock at a purchase price of $23.00 per share for an aggregate purchase price of approximately $2.0 million, excluding fees and expenses.
−Removed: We have the ability to repurchase up to $38.0 million of our outstanding Class A common stock under the current stock repurchase program as circumstances warrant based on market conditions, cash flow requirements, securities law limitations, and other factors.
−Removed: The payment of cash dividends is currently limited by our financing arrangements, including certain covenants under our Credit Facility.
+Added: As of January 1, 2022, there was approximately $38.0 million remaining under such authorization.
+Added: On February 10, 2022, our Board of Directors adopted a 10b5-1 plan for the purchase of up $30.0 million in shares subject to defined trading parameters, under our current stock repurchase program authorizing the purchase of up to $38.0 million of our Class A common stock.
+Added: Under such authorization, we repurchased 0.7 million shares of our Class A common stock for $14.8 million during the three months ended March 31, 2022.
+Added: The payment of cash dividends is currently limited by our financing arrangements, including certain covenants under our Credit Facility. We distributed a total of $1.0 million to stockholders in the first three months of 2022 through dividends.
DEF AU LTS UPON SENIOR SECURITIES
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COVENANT LOGISTICS GROUP, INC.
−Removed: Date: November 5, 2021
+Added: Date: May 6, 2022
President and Principal Financial Officer in his capacity as such and as a duly authorized officer on behalf of the issuer
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.