6 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: On February 28, 2017, the Company’s Board of Directors authorized an additional common stock repurchase program (the “2017 Repurchase Program”), under which shares may be purchased by the Company from time to time from the open market and through private transactions during each of the fiscal years 2017 through 2019 up to an aggregate additional amount of $100 million.
−Removed: The approval authorized stock repurchases of up to $40 million in each of 2018 and 2019.
−Removed: On December 16, 2019, the Company’s Board of Directors authorized a $200 million common stock repurchase program beginning January 1, 2020 through December 31, 2022 (the “2019 Repurchase Program” and together with the 2017 Repurchase Program, the “Repurchase Programs”).
−Removed: Under the Repurchase Programs, shares may be purchased by the Company from time to time from the open market and through private transactions, or otherwise, as determined by the Company’s management as market conditions warrant.
+Added: On December 16, 2019, the Company’s Board of Directors authorized a $200 million common stock repurchase program beginning January 1, 2020 through December 31, 2022 (the “2019 Repurchase Program”).
+Added: On October 5, 2021, the Company’s Board of Directors authorized a $300 million common stock repurchase program beginning January 1, 2022 (the “2022 Repurchase Program”), and terminated the 2019 Repurchase Program on December 31, 2021.
+Added: Under the 2022 Repurchase Program and 2019 Repurchase Program, shares may be purchased by the Company from time to time from the open market and through private transactions, or otherwise, as determined by the Company’s management as market conditions warrant.
The Company has structured open market purchases under the Repurchase Programs to comply with Rule 10b-18 under the Exchange Act.
1 unchanged sentence
Repurchased shares under the Repurchase Programs are recorded as treasury shares and are held until our Board of Directors designates that these shares be retired or used for other purposes.
−Removed: The following table provides information regarding the purchase of equity securities by the Company during the three months ended December 31, 2020:
+Added: The following table provides information regarding the purchase of equity securities by the Company under the 2019 Repurchase Program during the three months ended December 31, 2021:
Period Total Number of
3 unchanged sentences
October 1, 2021 through October 31, 2021 (1)
+Added: 74,902 $ 124.35 70,316 $ 29,826,254
November 1, 2021 through November 30, 2021 (1)
1 unchanged sentence
December 1, 2021 through December 31, 2021 (1)
−Removed: 142,141 $ 84.89 141,341 $ 122,182,054
+Added: 76,228 $ 135.94 75,606 Nil (2)
Total 248,528 $ 131.72 242,669 —
1 unchanged sentence
Price paid per share for the restricted stock was the closing price of common stock on the trading day prior to the vesting date of the restricted stock units.
+Added: (2 ) T he Company terminated the 2019 Repurchase Program on December 31, 2021, accordingly the remaining dollar value of stock that may be repurchased under this program is shown as nil.
During the year ended December 31, 2021, the Company purchased 1,087,325 shares of its common stock under the 2019 Repurchase Program, for an aggregate purchase price of $115.6 million including commissions, representing an average purchase price per share of $106.32.
17 unchanged sentences
Total 1,378,667 $ 27.62 1,777,687
−Removed: * This includes outstanding options and unvested Restricted Stock Units, which include Time-Based Restricted Stock Units and Performance Restricted Stock Units.
+Added: * This includes outstanding options and unvested Restricted Stock Units, which include Time-Based Restricted Stock Units and Performance-Based Restricted Stock Units.
See Note 22 - Stock Based Compensation to our consolidated financial statements for further details.
8 unchanged sentences
This graph will not be deemed to be incorporated by reference into any prior or subsequent filing under the Securities Act, or the Exchange Act.
−Removed: Selected Financial Data
−Removed: Not applicable.
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.