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Our common stock is traded on the New York Stock Exchange (“NYSE”) under the symbol “HGV.”
−Removed: In connection with the closing of the Diamond Acquisition, on August 2, 2021, HGV issued an aggregate of 33,925,901 shares of HGV's common stock as substantially all of the consideration to the former stockholders of Diamond.
−Removed: The shares were issued in reliance on the exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended and/or Rule 506 under the Securities Act.
Performance Graph
−Removed: The following graph compares cumulative total stockholder return of our common stock with the Russell 2500 (“R2500”) Index and the Dow Jones US Travel & Leisure Total Return Index GICS Level 2 (“DJUSGCT”)* over a five-year period ended on December 31, 2022.
+Added: The following graph compares cumulative total stockholder return of our common stock with the S&P MidCap 400 (“MidCap 400”)* Index and the Dow Jones US Travel & Leisure Total Return Index GICS Level 2 (“DJUSGCT”) over a five-year period ended on December 31, 2023.
The graph assumes that the value of the investment in our common stock and each index was $100 on December 31, 2018, and that all dividends and other distributions were reinvested.
The comparisons in the graph below are based on historical data and are not indicative of, or intended to forecast, future performance of our common stock.
−Removed: * We have determined that the appropriate index to use going forward is DJUSCGT, which includes reinvestments of dividends.
−Removed: Previously, we had used DJUSTLE, a tracker index of DJUSCGT, which was not a published industry index and also did not include reinvestment of dividends.
+Added: * As of March 2023, our company has been included in the S&P MidCap 400.
Holders of Record
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Issuer Purchases of Equity Securities
−Removed: On May 4, 2022, our Board of Directors approved a share repurchase program authorizing the Company to repurchase up to an aggregate of $500 million of its outstanding shares of common stock over a two-year period through any combination of open market repurchases, accelerated share repurchases or privately negotiated transactions .
−Removed: The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements and other market and economic conditions.
+Added: On May 4, 2022, our Board of Directors approved a share repurchase program authorizing the Company to repurchase up to an aggregate of $500 million of its outstanding shares of common stock over a two-year period (the "2022 Repurchase Plan").
+Added: On May 3, 2023, our Board of Directors approved a new share repurchase program authorizing the Company to repurchase up to an aggregate of $500 million of its outstanding shares of common stock over a two-year period (the "2023 Repurchase Plan") which is in addition to the 2022 Repurchase Plan.
+Added: The repurchases can be made through any combination of open market purchases, accelerated share repurchases or privately negotiated transactions.
+Added: The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and
+Added: regulatory requirements and other market and economic conditions.
The shares are retired upon repurchase.
−Removed: The stock repurchase program may be suspended or discontinued at any time and will automatically expire at the end of the two-year term.
+Added: The stock repurchase programs may be suspended or discontinued at any time and will automatically expire at the end of the respective plan terms.
During the three-month period ended December 31, 2023, we repurchased the following shares:
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October 1 – October 31, 2023
+Added: 727,931 $ 37.44 727,931 $ 431,374,901
November 1 – November 30, 2023
+Added: 939,687 35.43 939,687 398,078,432
December 1 – December 31, 2023
+Added: 985,449 38.81 985,449 359,828,593
Total 2,653,067 $ 37.24 2,653,067
+Added: From January 1, 2024, through February 23, 2024, we repurchased approximately 1.7 million shares for $71 million.
+Added: As of February 23, 2024, we had $289 million of remaining availability under the 2023 Repurchase Plan.
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.