UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
−Removed: Tax Withholdings
−Removed: The following table contains information about shares of common stock delivered to the Company by employees to satisfy income tax withholding obligations of the employees in connection with the vesting of restricted stock units during the first quarter of 2021.
−Removed: Total Number of Shares of Common Stock Purchased Average Price Paid per Share of Common Stock Total Number of Shares of Common Stock Purchased as Part of Publicly Announced Plan or Programs Maximum Number (or Dollar Value) of Shares of Common Stock that May Yet Be Purchased Under the Plans or Programs
−Removed: January 1, 2022—January 31, 2022 23,257 $ 10.26 N/A N/A
−Removed: February 1, 2022—February 28, 2022 — $ — N/A N/A
−Removed: March 1, 2022—March 31, 2022 8,801 $ 10.63 N/A N/A
+Added: The following table contains information about purchases of our common stock during the second quarter of 2022:
+Added: Total Number of Shares of Common Stock Purchased Average Price Paid per Share of Common Stock (2)
+Added: Total Number of Shares of Common Stock Purchased as Part of Publicly Announced Plan or Programs Maximum Number (or Dollar Value) of Shares of Common Stock that May Yet Be Purchased Under the Plans or Programs (in thousands)
+Added: April 1, 2022 - April 30, 2022 — $ — — $ 450,000
+Added: May 1, 2022 - May 31, 2022 — $ — — $ 450,000
+Added: June 1, 2022 - June 30, 2022 893,123 (1) $ 9.88 893,123 $ 441,158
+Added: Total 893,123
+Added: (1) In April 2022, our Board of Directors approved and announced a new stock repurchase program authorizing the repurchase of up to $450 million of the Company’s outstanding common stock over the next four years.
+Added: This program is expected to be funded using cash on hand and cash generated from operations.
+Added: We primarily expect to conduct the repurchase program through negotiated transactions with the Company’s equity sponsors, as well as through open market repurchases or other means, including through Rule 10b-18 trading plans or through the use of other techniques such as accelerated share repurchases.
+Added: The actual timing, number and nature of shares repurchased will depend on a variety of factors, including stock price, trading volume, and general business and market conditions.
+Added: The repurchase program does not obligate us to acquire any number of shares in any specific period or at all and may be amended, suspended or discontinued at any time at our discretion.
+Added: During the three months ended June 30, 2022, the Company repurchased 893,123 shares on the open market at an average price of $9.88 per share, for a total of $8.8 million.
+Added: As of June 30, 2022, $441.2 million was available for additional share repurchases under the program.
+Added: In July 2022, the Company repurchased 1,077,640 shares on the open market at an average price of $9.77, for a total of $10.6 million as part of the approved stock repurchase program, which reduced availability for additional share repurchases under the program to $430.6 million.
+Added: (2) Excludes brokerage commissions and other costs of execution.
The following exhibits are being filed or furnished as part of this Quarterly Report on Form 10-Q:
−Removed: 10.1 General Release and Waiver of Claims, dated April 25, 2022, between Ecovyst Inc., Ecovyst Catalyst Technologies LLC and Belgacem Chariag (incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K, filed on April 29, 2022
31.1 Certification of Chief Executive Officer of Ecovyst Inc.
9 unchanged sentences
101 The following materials from the Quarterly Report on Form 10-Q of Ecovyst Inc.
−Removed: for the quarter ended March 31, 2022, formatted in Inline XBRL:
+Added: for the quarter ended June 30, 2022, formatted in Inline XBRL:
(i) Condensed Consolidated Statements of Income, (ii) Condensed Consolidated Statements of Comprehensive Income, (iii) Condensed Consolidated Balance Sheets, (iv) Condensed Consolidated Statements of Stockholders’ Equity, (v) Condensed Consolidated Statements of Cash Flows, (vi) Notes to Condensed Consolidated Financial Statements and (vii) document and entity information, tagged as blocks of text and including detailed tags
104 The cover page from the Quarterly Report on Form 10-Q of Ecovyst Inc.
−Removed: for the quarter ended March 31, 2022, formatted in Inline XBRL and included as Exhibit 101
+Added: for the quarter ended June 30, 2022, formatted in Inline XBRL and included as Exhibit 101
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: May 3, 2022 By:
+Added: August 1, 2022 By:
/s/ MICHAEL FEEHAN
3 unchanged sentences
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.