2 unchanged sentences
(b) Not applicable.
−Removed: (c) The following table sets forth information regarding the Company’s repurchases of its common stock during the three months ended September 30, 2022:
+Added: (c) The following table sets forth information regarding the Company’s repurchases of its common stock during the three months ended March 31, 2023:
Issuer Purchases of Equity Securities
4 unchanged sentences
Program (3) Maximum Number of Shares (or Approximate Dollar Value) That May Yet Be Purchased Under the Plan or Program (3)
−Removed: July 1 to July 31, 2022 177,327 $ 79.25 177,327 $ 20,648,057
−Removed: August 1 to August 31, 2022 111,433 $ 78.98 111,433 $ 11,847,362
−Removed: September 1 to September 30, 2022 154,212 $ 76.48 154,212 $ —
+Added: January 1 to January 31, 2023 604,395 $ 78.31 604,395 $ 72,669,467
+Added: February 1 to February 28, 2023 77,925 $ 80.01 67,701 $ 67,260,944
+Added: March 1 to March 31, 2023 949,152 $ 71.11 944,937 $ —
Total 1,631,472 $ 74.20 1,617,033
−Removed: (1) Of these shares, none were surrendered in connection with the exercise and/or vesting of equity compensation grants to satisfy related tax withholding obligations.
−Removed: (2) On January 20, 2022, the Company announced that its Board of Directors authorized a share repurchase program of up to $140 million in shares of the Company's common stock.
−Removed: The 154,212 shares repurchased under the program in September 2022 represented the balance of the $140 million in shares repurchased, completing the program.
−Removed: On October 20, 2022, the Company announced the commencement of a new stock repurchase plan which authorizes repurchases by the Company of up to $120 million in common stock.
−Removed: Repurchases under the new plan may be made from time to time on the open market and in privately negotiated transactions, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act.
−Removed: The extent to which the Company repurchases shares and the size and timing of these repurchases will depend on a variety of factors, including pricing, market and economic conditions, the Company’s capital position and amount of retained earnings and legal and contractual requirements.
−Removed: repurchase plan is scheduled to expire October 19, 2023 and may be modified, suspended or discontinued without prior notice at any time.
+Added: (1) Of these shares, 10,224 shares and 4,215 shares were surrendered in February 2023 and March 2023, respectively, in connection with the exercise and/or vesting of equity compensation grants to satisfy related tax withholding obligations.
+Added: (2) During the three months ended March 31, 2023, the average price per share of repurchased shares was $74.18 and the average price per share of surrendered shares related to tax withholding obligations was $76.87.
+Added: (3) On October 20, 2022, the Company announced the commencement of a new stock repurchase plan which authorized repurchases by the Company of up to $120 million in common stock.
+Added: The 1.6 million shares repurchased under the program during the three months ended March 31, 2023 represented full completion of the program.
Defaults Upon Senior Securities - None.
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.