3 unchanged sentences
Comparison Chart
−Removed: The following information in this Item 5 of this Annual Report on Form 10-K is not deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation 14A or 14C under the Securities Exchange Act of 1934 or to the liabilities of Section 18 of the Securities Exchange Act of 1934, and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent we specifically incorporate it by reference into such a filing.
−Removed: The following graph compares the 60-month cumulative total shareholder return on our common stock since December 31, 2016, and the cumulative total returns of Standard & Poor’s Composite 500 Index and the NYSE Arca Oil Index (formerly the AMEX Oil Index) for the same period.
−Removed: This graph tracks the performance of a $100 investment in our common stock and in each index (with the reinvestment of all dividends) from December 31, 2016 to December 31, 2021.
+Added: The following information in this Item 5 of this Annual Report on Form 10-K is not deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation 14A or 14C under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or to the liabilities of Section 18 of the Exchange Act, and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except to the extent we specifically incorporate it by reference into such a filing.
+Added: The following graph compares the 60-month cumulative total stockholder return on our common stock since December 31, 2017, and the cumulative total returns of Standard & Poor’s 500 Index and the NYSE Arca Oil Index (formerly the AMEX Oil Index) for the same period.
+Added: This graph tracks the performance of a $100 investment in our common stock and in each index (including reinvestment of all dividends) from December 31, 2017 to December 31, 2022.
The following table sets forth the total returns utilized to generate the foregoing graph.
9 unchanged sentences
None, except to the extent previously included by the Company in a Quarterly Report on Form 10-Q or Current Report on Form 8-K.
+Added: Dividend Policy
+Added: On May 6, 2021, our board of directors declared our first cash dividend on our common stock in the amount of $0.03 per share.
+Added: The dividend was paid on July 30, 2021 to stockholders of record as of the close of business on June 30, 2021.
+Added: Since this time, our board of directors has declared and paid incrementally higher cash dividends each successive quarter.
+Added: Most recently, on February 6, 2023, our board of directors declared a cash dividend on our common stock in the amount of $0.34 per share.
+Added: The dividend is payable on April 28, 2023 to stockholders of record as of the close of business on March 30, 2023.
+Added: The decision to pay any future dividends is solely within the discretion of, and subject to approval by, our board of directors.
+Added: Our board of directors’ determination with respect to any such dividends, including the record date, the payment date and the actual amount of the dividend, will depend upon our profitability and financial condition, contractual restrictions, restrictions imposed by applicable law, and other factors that our board of directors deems relevant at the time of such determination.
+Added: Additionally, covenants contained in our Revolving Credit Facility and Senior Notes Indenture restrict the payment of cash dividends on our common stock (see Note 4 to our financial statements).
Issuer Purchases of Equity Securities
−Removed: The table below sets forth the information with respect to purchases made by or on behalf of the Company, or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934), of our common stock during the quarter ended December 31, 2021.
+Added: The table below sets forth the information with respect to purchases made by or on behalf of the Company, or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act), of our common stock during the quarter ended December 31, 2022.
Period Total Number of Shares Purchased(1) Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs(2)
5 unchanged sentences
(1) Any shares purchased outside of publicly announced plans or programs represent shares surrendered in satisfaction of tax withholding obligations in connection with the vesting of restricted stock awards.
−Removed: (2) In May 2011, our board of directors approved a stock repurchase program to acquire up to $150 million worth of shares of our Company’s outstanding common stock.
+Added: (2) In May 2022, our board of directors approved and the Company promptly announced a stock repurchase program to acquire up to $150 million of shares of our outstanding common stock.
+Added: The stock repurchase program allows the Company to repurchase its shares from time to time in the open market, block transactions and in negotiated transactions.
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.