6 unchanged sentences
Equity Compensation Plan Information
−Removed: We maintain long-term incentive plans which allow for granting stock-based compensation awards for directors, employees, officers, and consultants or advisers who render services to the Company or its subsidiaries, based on Company Common Stock, including stock options, restricted stock, restricted stock units (“RSUs”), performance stock units (“PSUs”), market-based performance stock units (“MSUs”), stock appreciation rights, and other stock-based awards or dividend equivalents.
−Removed: Forfeitures are recorded in the period in which they occur.
−Removed: See Note 15 for a description of our stock-based compensation plans.
−Removed: The following table sets forth information as of December 31, 2023, with respect to compensation plans under which equity securities that we have authorized for issuance.
−Removed: Plan Category Number of securities to be issued
−Removed: upon exercise of outstanding options,
−Removed: warrants and rights (1)
−Removed: Weighted average exercise price
−Removed: of outstanding options,
−Removed: warrants and rights (2)
−Removed: Number of securities remaining
−Removed: available for future issuance under
−Removed: equity compensation plans (excluding
−Removed: securities reflected in column (a))
−Removed: Equity compensation plans approved by security holders 3,122,668 $ — 3,937,123
+Added: Our equity compensation plan information required by this item are incorporated by reference to the information in Part III, Item 12 of this Annual Report on Form 10-K.
+Added: Issuer Purchases of Equity Securities
+Added: The following table summarizes our share repurchases during the three months ended December 31, 2024:
+Added: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions) (a)
+Added: October 1, 2024 to October 31, 2024 — $ — — $ 500
+Added: November 1, 2024 to November 30, 2024 1,262,990 39.59 1,262,990 450
+Added: December 1, 2024 to December 31, 2024 — — — 450
1,262,990 $ 39.59 1,262,990 $ 450
−Removed: (1) Includes unvested RSUs, PSUs, and MSUs only, there were no outstanding options as of December 31, 2023.
−Removed: (2) RSUs, PSUs, and MSUs do not have an exercise price.
−Removed: Changes to the Authorized Shares
−Removed: On June 17, 2021, following receipt of required shareholder approvals, the Company amended its Certificate of Incorporation to increase the number of authorized shares of common stock from 300 million to 500 million, and authorize the issuance of up to 150 million shares of preferred stock.
−Removed: As of December 31, 2023, no shares of preferred stock have been issued.
−Removed: Share Repurchase Program
−Removed: In November 2018, our Board authorized a common stock repurchase program of up to $150 million of stock (the “Share Repurchase Program”) pursuant to which we may, from time to time, repurchase shares of common stock on the open market (either with or without a 10b5-1 plan) or through privately negotiated transactions.
+Added: ____________________
+Added: (a) On October 2, 2024, we announced that our Board of Directors authorized a $500 million common stock repurchase program (the “2024 Share Repurchase Program”).
+Added: Under the 2024 Share Repurchase Program, we may, from time to time, repurchase shares of common stock on the open market (either with or without a 10b5-1 plan) or through privately negotiated transactions.
The 2024 Share Repurchase Program has no time limit and may be suspended or discontinued at any time without notice.
There is no minimum number of shares of common stock that we are required to repurchase under the 2024 Share Repurchase Program.
−Removed: As of December 31, 2023, we have acquired 223,823 shares of common stock under this program since 2018 at an aggregate value of $9 million and an average of $40.80 per share.
−Removed: No shares were repurchased during the years ended December 31, 2023 or 2022.
−Removed: Recent Sales of Unregistered Securities
+Added: All share repurchases under the 2024 Share Repurchase Program are retired upon repurchase.
Stock Performance Graph
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