5 unchanged sentences
Share Repurchases
−Removed: The following table presents the shares repurchased by the Corporation during the fourth quarter of 2022:
−Removed: Issuer Purchases of Equity Securities
−Removed: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value that May Yet Be Purchased Under the Plan or Programs (1)
−Removed: Dollars in thousands except share data
−Removed: October 1, 2022 to October 31, 2022
−Removed: 86,602 $ 15.43 86,602
−Removed: November 1, 2022 to November 30, 2022
−Removed: 126,794 15.66 126,794
−Removed: December 1, 2022 to December 31, 2022
−Removed: 33,486 15.21 33,486
−Removed: Total 246,882 $ 15.52 $ 4,652
+Added: We did not repurchase any shares of the Corporation during the fourth quarter of 2023.
On August 30, 2021, the Corporation announced a stock repurchase plan pursuant to which the Corporation may repurchase up to $20 million of the company’s outstanding common stock, par value $1.00 per share.
Stock is purchased under the plan from time to time in the open market or through privately negotiated transactions, or otherwise, at the discretion of management of the company in accordance with legal requirements.
+Added: On April 22, 2023, the stock repurchase plan expired.
+Added: The total amount of stock repurchased under the plan was $19.6 million in total.
Dividend Policy
2 unchanged sentences
Also, the Corporation and the Bank are subject to restrictions on the amount of dividends that may be paid without approval of banking regulatory authorities.
−Removed: During 2022, and 2021, the Board of Directors declared cash dividends as follows:
+Added: Dividend amounts have been adjusted to reflect the two-for-one stock split effective February 28, 2023.
+Added: During 2023, and 2022, the Board of Directors paid cash dividends as follows:
Date Declared Date of Record Date Paid Quarterly Dividend $ Special Dividend $
January 27, 2022 February 14, 2022 February 21, 2022 $ — $ 0.50
−Removed: February 16, 2021 March 1, 2021 March 15, 2021 — 0.50
April 28, 2022 May 16, 2022 May 23, 2022 $ 0.10 $ —
6 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.