8 unchanged sentences
Issuer Purchases of Securities
−Removed: In August 2019, the Corporation completed a $5 million share repurchase program which was initiated in December 2018 and had a termination date of December 31, 2019.
−Removed: The Corporation repurchased 223,149 shares under the repurchase program at an average price of $22.36 per share.
−Removed: On September 20, 2019, the Corporation announced its Board approved a new share repurchase program.
−Removed: The program authorized the repurchase by the Corporation of up to $5 million in aggregate value of its outstanding shares of common stock over a period of approximately twelve months, ending on September 30, 2020.
−Removed: The Corporation suspended this share repurchase program in March 2020 due to the uncertainty surrounding the COVID-19 pandemic.
−Removed: Prior to suspending the program, the Corporation had repurchased $3.5 million of the $5 million authorized in the Company’s common stock.
On January 28, 2021, the Board of Directors of the Corporation approved a new share repurchase program.
−Removed: The program authorizes the repurchase by the Corporation of up to $5 million of its total outstanding shares of common stock over a period of approximately twelve months, ending January 31, 2022.
−Removed: Under the new share repurchase program, shares may be repurchased from time to time in the open market or negotiated transactions at prevailing market rates, or by other means in accordance with federal securities laws.
+Added: The program authorized the repurchase by the Corporation of up to $5 million of its total outstanding shares of common stock over a period of approximately twelve months, ending January 31, 2022.
+Added: The Corporation completed the $5 million repurchase program in October 2021, repurchasing a total of 182,151 shares during the year at a weighted average price of $27.40 per share.
+Added: The Corporation did not have an active share repurchase plan as of December 31, 2021.
+Added: Under the share repurchase program, the Corporation was authorized to repurchase shares from time to time in the open market or negotiated transactions at prevailing market rates, or by other means in accordance with federal securities laws.
In connection with the share repurchase program, the Corporation implemented a 10b5-1 trading plan.
−Removed: The trading plan allows the Corporation to repurchase shares of its common stock at times when it otherwise might be prevented from doing so under insider trading laws by requiring that an agent selected by the Corporation repurchase shares of common stock on the Corporation’s behalf on pre-determined terms.
+Added: The trading plan allowed the Corporation to repurchase shares of its common stock at times when it otherwise might have been prevented from doing so under insider trading laws by requiring that an agent selected by the Corporation repurchase shares of common stock on the Corporation’s behalf on pre-determined terms.
The following table sets forth information about the Corporation's purchases of its common stock during the three months ended December 31, 2021.
5 unchanged sentences
Total 26,150 24,631 —
−Removed: (1) The shares in this column represent the shares surrendered to us to satisfy income tax withholding in connection with the vesting of restricted shares.
−Removed: (2) As of January 28, 2021, the maximum number of shares that may yet be purchased under the plan is 268,817 based on the closing price of the Corporation’s common stock on January 28, 2021 of $18.60 per share.
+Added: (1) During the fourth quarter of 2021, the Corporation repurchased an aggregate 26,150 shares of the Corporation’s common stock in open-market transactions, of which 24,631 shares were purchased pursuant to the repurchase program publicly announced on January 28, 2021, and of which 1,519 shares were surrendered to us to satisfy income tax withholding obligations in connection with the vesting of restricted awards.
Selected Financial Data
1 unchanged sentence
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.