9 unchanged sentences
On October 5, 2021, our board of directors authorized a $300 million (excluding excise tax) common stock repurchase program beginning January 1, 2022 (the “2022 Repurchase Program”).
−Removed: Under the 2022 Repurchase Program, shares may be purchased by us from time to time from the open market and through private transactions, or otherwise, as determined by our management as market conditions warrant.
−Removed: We have structured open market purchases under the 2022 Repurchase Program to comply with Rule 10b-18 under the Exchange Act.
−Removed: Repurchases may be discontinued at any time by our management.
+Added: On February 26, 2024, our board of directors authorized a $500 million (excluding excise tax) common stock repurchase program beginning March 1, 2024 (the “2024 Repurchase Program”), and terminated the 2022 Repurchase Program on February 29, 2024.
+Added: Under these two repurchase programs, shares may be purchased by us from time to time from the open market and through private transactions, or otherwise, as determined by our management as market conditions warrant.
+Added: We have structured open market purchases under our two repurchase programs to comply with Rule 10b-18 under the Exchange Act.
+Added: Repurchases may be discontinued at any time by management.
Repurchased shares are recorded as treasury shares and are held until our board of directors designates that these shares be retired or used for other purposes.
15 unchanged sentences
Pursuant to the Inflation Reduction Act, effective January 1, 2023, we are required to pay a 1% excise tax on the fair market value of each share of common stock repurchased, net of stock issuances.
−Removed: Equity Compensation Plan Information
−Removed: The following table provides information as of December 31, 2023 with respect to the shares of our common stock that may be issued under our existing equity compensation plans.
−Removed: For a description of our equity compensation plans, see Note 23 - Stock-Based Compensation to our consolidated financial statements under Part II, Item 8, “Financial Statements and Supplementary Data.”
−Removed: Plan Category Number of Securities
−Removed: to be Issued Upon
−Removed: Exercise/Vesting of
−Removed: Options, Warrants and Rights* Weighted
−Removed: Average Exercise
−Removed: Options, Warrants and Rights Number of Securities
−Removed: Remaining Available for Future
−Removed: Issuance Under Equity
−Removed: Compensation Plans (Excluding Securities
−Removed: Reflected in Column 1)
−Removed: Equity compensation plans approved by security holders 5,367,317 $ 30.14 3,249,875
−Removed: Equity compensation plans not approved by security holders — — —
−Removed: Total 5,367,317 $ 30.14 3,249,875
−Removed: * This includes outstanding options and unvested restricted stock units, which include time-based restricted stock units and performance-based restricted stock units.
−Removed: See Note 23 - Stock-Based Compensation to our consolidated financial statements under Part II, Item 8, “Financial Statements and Supplementary Data” for further details.
Performance Graph
8 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.