8 unchanged sentences
December 1-31, 2021 471,227 164.67 471,227 164.67 3,438,485
−Removed: 1,558,813 112.47 1,558,226 112.48 1,918,672
Total 763,403 166.46 725,481 165.39
__________________________
−Removed: (1) Includes shares surrendered to the Company to satisfy tax withholding and/or option exercise price obligations in connection with stock swap option exercise transactions, if any.
−Removed: (2) Our Board of Directors authorized share repurchase programs in January 2021, October 2019, and January 2019 to repurchase up to 5.0 million, 6.0 million, and 3.3 million shares of our common stock, respectively, and these authorizations have no expiry.
+Added: (1) Includes shares surrendered to the Company to satisfy tax withholding and/or option exercise price obligations in connection with stock swap and net settlement option exercise transactions, if any.
+Added: (2) Our Board of Directors authorized share repurchase programs in January 2022 and January 2021 to repurchase up to 2.0 million and 5.0 million shares of our common stock, respectively, and these authorizations have no expiry.
Purchases may be made from time to time, at management’s discretion, in the open market or in privately negotiated transactions, including through the use of trading plans, as well as pursuant to accelerated share repurchase programs or other share repurchase strategies that may include derivative financial instruments.
−Removed: As of December 31, 2020, we had repurchased all of the shares of the January 2019 program.
−Removed: As of the January 2021 authorization, there were a total of 6.9 million shares available for repurchase under our January 2021 and October 2019 share repurchase programs.
−Removed: (3) As of December 31, 2020, we had unsettled market share repurchases under a $100.0 million accelerated share repurchase program, of which 0.8 million shares are included in our total number of shares purchased during December 2020 in accordance with the upfront delivery of shares in the agreement.
−Removed: Under the program, which was completed on February 5, 2021, we repurchased a total of 0.9 million shares of our common stock at an average price of $110.10 per share.
−Removed: Between January 1 and February 18, 2021, we repurchased 1.2 million shares of our common stock for $151.9 million, including shares repurchased in the open market, through a 10b5-1 trading plan, and pursuant to an accelerated share repurchase program.
+Added: For the years ended December 31, 2019, 2020, and 2021, we repurchased 4.1 million, 5.0 million, and 3.5 million shares of our common stock at an average price per share of $88.73, $86.35, and $146.54, respectively.
+Added: Between January 1, 2022 and February 16, 2022, we repurchased 0.8 million shares of our common stock in the open market for approximately $110 million.
Performance Graph
−Removed: Our peer group comprises AllianceBernstein Holding L.P., Ameriprise Financial, Inc., Ares Management Corporation, Franklin Resources, Inc., Invesco Ltd., Janus Henderson Group plc, Lazard Ltd.
+Added: Our peer group comprises AllianceBernstein Holding L.P., Ameriprise Financial, Inc., Ares Management Corporation, Artisan Partners Asset Management Inc., The Carlyle Group Inc., Federated Hermes, Inc., Franklin Resources, Inc., Invesco Ltd., Janus Henderson Group plc, Lazard Ltd., Victory Capital Holdings, Inc.
+Added: and Virtus Investment Partners, Inc.
+Added: Prior to this year, our peer group also included T.
Rowe Price Group, Inc.
−Removed: Prior to this year, our peer group also included Eaton Vance Corp.
−Removed: and Legg Mason, Inc., both of which have been, or are in the process of being, acquired.
−Removed: The following graph compares the cumulative stockholder return on our common stock from December 31, 2015 through December 31, 2020, with the cumulative total return, during the same period, on the Standard & Poor’s MidCap 400 Index, and our current peer group.
+Added: and did not include Artisan Partners Asset Management Inc., The Carlyle Group Inc., Federated Hermes, Inc., Victory Capital Holdings, Inc., and Virtus Investment Partners, Inc.
+Added: Our peer group was revised in 2021 to include comparators with market capitalizations and business scope (including alternative-focused asset management businesses) that are more in line with our own, given the ongoing evolution of our business, and to replace peers impacted by industry consolidation.
+Added: The following graph compares the cumulative stockholder return on our common stock from December 31, 2016 through December 31, 2021, with the cumulative total return, during the same period, on the Standard & Poor’s MidCap 400 Index, our prior peer group, and our current peer group.
The comparison below assumes the investment of $100 on December 31, 2016 in our common stock and each of the comparison indices and, in each case, assumes reinvestment of all dividends.
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.