4 unchanged sentences
Sales of Unregistered Securities
−Removed: We have issued shares of common stock that are not subject to the registration requirements of the Securities Act in connection with the DRIP.
−Removed: During the year ended December 31, 2023 and December 31, 2022, we issued 15,700 and 95,300 shares of common stock, respectively, valued at $0.2 million and $1.6 million, respectively, to shareholders in connection with the DRIP.
+Added: We previously issued shares of common stock that are not subject to the registration requirements of the Securities Act in connection with the DRIP.
On December 8, 2023, the Company terminated the DRIP;
−Removed: We also issue shares of common stock that are not subject to the registration requirements of the Securities Act in connection with dividends on unvested restricted stock awards.
−Removed: During the years ended December 31, 2023 and December 31, 2022 we issued an additional 18,700 and 35,500 shares, respectively, valued at $0.3 million and $0.6 million, respectively, related to dividends on unvested restricted stock awards.
−Removed: The Company declared common dividends of $0.18 per share for the first, second, third and fourth quarters of 2023.
+Added: therefore, during the year ended December 31, 2024 we issued no shares related to the DRIP.
+Added: During the year ended December 31, 2023 we issued 15,700 shares of common stock valued at $0.2 million to shareholders in connection with the DRIP.
+Added: Issuer Purchases of Equity Securities
+Added: On November 1, 2024, the Company’s Board of Directors approved a new stock repurchase program granting the Company authority to repurchase up to 1.0 million shares of Company common stock during the following twelve months.
+Added: From November 1, 2024 through December 31 2024, the company purchased 30 thousand shares at an average price of $13.35 per share for $402 thousand in proceeds.
+Added: The Company declared common dividends of $0.19 per share for the first, second, third and fourth quarters of 2024 and $0.18 per share for the first, second, third and fourth quarters of 2023.
The Company’s ability to continue to pay common stock dividends is subject to, among other things, Board approval and limitations on capital distributions in the event of a breach of any regulatory capital buffers, with the degree of such restrictions based on the extent to which the buffers are breached.
11 unchanged sentences
December 20, 2022 December 30, 2022 $ 0.70
−Removed: March 18, 2020 March 31, 2020 $ 0.44
−Removed: July 15, 2020 July 31, 2020 $ 0.56
−Removed: September 21, 2020 September 30, 2020 $ 0.58
−Removed: December 18, 2020 December 30, 2020 $ 0.47
−Removed: March 22, 2021 March 31, 2021 $ 0.50
−Removed: June 15, 2021 June 30, 2021 $ 0.70
−Removed: September 20, 2021 September 30, 2021 $ 0.90
−Removed: December 20, 2021 December 30, 2021 $ 1.05
−Removed: March 21, 2022 March 31, 2022 $ 0.65
−Removed: June 20, 2022 June 30, 2022 $ 0.75
−Removed: September 20, 2022 September 30, 2022 $ 0.65
−Removed: December 20, 2022 December 30, 2022 $ 0.70
−Removed: The Company has a stock-based compensation plan as discussed in NOTE 15—STOCK BASED COMPENSATION.
+Added: The Company has a stock-based compensation plan as discussed in NOTE 20—BENEFIT PLANS.
Securities authorized for issuance under equity compensation plans as of December 31, 2024:
11 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.