1 unchanged sentence
Our common stock is traded on the New York Stock Exchange under the trading symbol “DINO.”
−Removed: In September 2022, our Board of Directors approved a $1.0 billion share repurchase program, which replaced all existing share repurchase programs.
+Added: In August 2023, our Board of Directors approved a $1.0 billion share repurchase program, which replaced all existing share repurchase programs.
This share repurchase program authorizes us to repurchase common stock in the open market or through privately negotiated transactions.
−Removed: Privately negotiated repurchases from REH Company (formerly known as The Sinclair Companies) are also authorized under the share repurchase program, subject to REH Company’s interest in selling its shares and other limitations.
+Added: Privately negotiated repurchases from REH Company (formerly known as The Sinclair Companies) are also authorized under this share repurchase program, subject to REH Company’s interest in selling its shares and other limitations.
The timing and amount of share repurchases, including those from REH Company, will depend on market conditions and corporate, tax, regulatory and other relevant considerations.
−Removed: This program may be discontinued at any time by our Board of Directors.
+Added: This share repurchase program may be discontinued at any time by our Board of Directors.
+Added: In addition, we are authorized by our Board of Directors to repurchase shares in an amount sufficient to offset shares issued under our compensation programs.
The following table includes repurchases made under this program during the fourth quarter of 2023.
10 unchanged sentences
December 2023 1,334,454 $ 55.14 1,334,454 $ 676,422,860
−Removed: 1,767,354 $ 49.37 767,354 $ 662,037,439
Total for October to December 2023 2,711,106 2,711,106
−Removed: (1) On December 14, 2022, we repurchased 1,000,000 shares pursuant to separate authorization from our Board of Directors and not as part of our $1.0 billion share repurchase program.
−Removed: This repurchase was made in connection with the sale by REH Company of approximately 5,000,000 shares of common stock, inclusive of the 1,000,000 shares we repurchased in an unregistered block trade permitted under applicable securities laws.
−Removed: As of February 15, 2023 , we had approximately 130,876 stockholders, including beneficial owners holding shares in street name.
+Added: On January 3, 2024, we repurchased 454,380 shares of our outstanding common stock from REH Company in a privately negotiated transaction under our share repurchase program and pursuant to the Stock Purchase Agreement, dated January 3, 2024 (the “January Stock Purchase Agreement”), between us and REH Company.
+Added: The price paid by us under the January Stock Purchase Agreement was $55.02 per share resulting in an aggregate purchase price of $25.0 million.
+Added: The purchase price was funded with cash on hand.
+Added: On February 8, 2024, we repurchased 1,061,946 shares of our outstanding common stock from REH Company in a privately negotiated transaction under our new share repurchase program and pursuant to the Stock Purchase Agreement, dated February 8, 2024 (the “February Stock Purchase Agreement”), between us and REH Company.
+Added: The price paid by us under the February Stock Purchase Agreement was $56.50 per share resulting in an aggregate purchase price of $60.0 million.
+Added: The purchase price was funded with cash on hand.
+Added: As of February 15, 2024, we had remaining authorization to repurchase up to $591.4 million under our share repurchase program.
+Added: As of February 15, 2024, we had approximately 1,594 registered holders of our common stock.
+Added: A substantially greater number of holders of our common stock are “street name” or beneficial holders, whose shares of record are held by banks, brokers and other financial institutions.
We intend to consider the declaration of a dividend on a quarterly basis, although there is no assurance as to future dividends since they are dependent upon future earnings, capital requirements, our financial condition and other factors.
+Added: Table of Content
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.