Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: On November 16, 2021, the Board of Directors authorized a $100 million share repurchase program for one year, providing for the purchase of shares of Series A Preferred Stock and Common Stock.
−Removed: On November 2, 2022, the Board of Directors extended the duration of the share repurchase program to November 15, 2023.
−Removed: On April 12, 2023, the Board of Directors authorized a further increase in the size of the share repurchase program to an aggregate amount of $250 million as of that date.
−Removed: The following table summarizes our share repurchase activity for the three months ended September 30, 2023 and additional information regarding our share repurchase program:
−Removed: Period Total Number of Common Shares Purchased Average Price Paid per Share Total Number of Preferred Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plan or Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan or Program
−Removed: July 1, 2023 - July 31, 2023 9,001,214 $ 7.44 — $ — 9,001,214 $ 166,403,263
−Removed: August 1, 2023 - August 31, 2023 12,000,000 7.70 — — 12,000,000 74,003,263
−Removed: September 1, 2023 - September 30, 2023 235,695 7.70 — — 235,695 72,189,441
+Added: On February 13, 2024, the Board of Directors authorized a $350 million share repurchase program valid until December 31, 2024, providing for the purchase of shares of Common Stock.
+Added: The Company may repurchase shares from time to time under the program through various methods, including in open market transactions, block trades, privately negotiated transactions, and otherwise.
+Added: The timing, as well as the number and value of shares repurchased under the program, will depend on a variety of factors.
+Added: The Company is not obligated to purchase any shares under the repurchase program, and the program may be suspended, modified, or discontinued at any time without prior notice.
+Added: The following table summarizes our share repurchase activity for the three months ended March 31, 2024 and additional information regarding our share repurchase program:
+Added: Period Total Number of Common Shares Purchased (1)
+Added: Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plan or Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan or Program
+Added: January 1, 2024 - January 31, 2024 — $ — — $ —
+Added: February 1, 2024 - February 29, 2024 251,682 9.53 251,682 347,601,764
+Added: March 1, 2024 - March 31, 2024 11,688,835 9.11 11,688,835 241,138,639
Total 11,940,517 $ 9.12 11,940,517 $ 241,138,639
−Removed: Other than the repurchases reflected in the table above, there were no purchases of equity securities by the issuer or affiliated purchasers during the quarter ended September 30, 2023.
+Added: (1) Excludes shares withheld to satisfy tax withholding obligations in connection with equity award vestings.
+Added: Other than the repurchases reflected in the table above, there were no purchases of equity securities by the issuer or affiliated purchasers during the quarter ended March 31, 2024.
Defaults Upon Senior Securities
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.