2 unchanged sentences
As of February 21, 2025, there were approximately 1,600 holders of record of our common stock.
−Removed: We have historically paid a quarterly dividend on our common stock.
−Removed: In November 2023, our Board of Directors increased the quarterly dividend paid December 29, 2023 to $0.08 per share from $0.07 per share, an increase of 14%.
+Added: In the fourth quarter of 2023, we increased the quarterly dividend paid from $0.07 per share to $0.08 per share on our common stock.
Any future declaration and payments of dividends, including any change in the amount of quarterly dividend, on our common stock will be determined by our Board of Directors and will depend on our business conditions, financial results and other factors our Board deems relevant.
1 unchanged sentence
On February 17, 2022, the Company's Board of Directors approved a share repurchase program authorizing the Company to repurchase up to 20 million shares of the Company's outstanding common stock from time to time on the open market or in privately negotiated transactions.
+Added: On January 23, 2024, the Company’s Board of Directors increased the number of shares authorized under the share repurchase program by an additional 11 million shares, with 8 million remaining authorized under the share repurchase program as of December 31, 2024.
There is no expiration date for the repurchase program, and the timing and amount of repurchases under the program are determined by the Company's management based on market conditions and other factors.
The repurchase program may be suspended or discontinued at any time by the Board of Directors.
−Removed: During the fiscal year ended December 31, 2023, the Company purchased 4 million shares of its common stock at an average share price of $68.20, including 1 million shares at an average share price of $64.99 during the fourth quarter of 2023, leaving 9 million shares authorized for repurchase under the share repurchase program as of December 31, 2023.
−Removed: On January 23, 2024, the Company’s Board of Directors increased the number of shares authorized under the share repurchase program by an additional 11 million shares.
+Added: During the fiscal year ended December 31, 2024, the Company purchased 12.0 million shares of its common stock at an average share price of $73.93, including 6.2 million shares at an average share price of $75.01 during the fourth quarter of 2024.
The following table provides details about our share repurchases during the fiscal quarter ended December 31, 2024.
11 unchanged sentences
plans or programs
−Removed: Oct 1 - Oct 31 250,000 $ 65.04 250,000 9,750,000
−Removed: Nov 1 - Nov 30 750,000 64.97 750,000 9,000,000
−Removed: Dec 1 - Dec 31 — — N/A N/A
+Added: September 28 - October 27
+Added: October 28 - November 27
+Added: 6,200,000 75.01 6,200,000 7,990,143
+Added: November 28 - December 31
Total 6,200,000 $ 75.01 6,200,000 7,990,143
−Removed: *Does not reflect the 11 million additional shares the Company’s Board of Directors authorized under the share repurchase program on January 23, 2024.
Recent Issuances of Unregistered Securities
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.