6 unchanged sentences
On September 22, 2021, the Company announced a stock repurchase program authorizing the Company to purchase up to $1 billion in the aggregate of the Company’s outstanding Class A Common Stock and Class B Common Stock (the “2021 Repurchase Program”).
−Removed: The manner, timing, number and share price of any repurchases will be determined by the Company at its discretion and will depend upon such factors as the market price of the stock, general market conditions, applicable securities laws, alternative investment opportunities and other factors.
−Removed: The Repurchase Program has no time limit and may be modified, suspended or discontinued at any time.
The remaining authorized amount under the 2021 Repurchase Program as of June 30, 2025 was approximately $310 million.
16 unchanged sentences
(in millions, except per share amounts)
−Removed: April 1, 2024 - April 28, 2024 0.3 0.2 $ 24.85 $ 25.62 0.5 $ 484
+Added: March 31, 2025 - April 27, 2025 0.3 0.2 $ 25.93 $ 29.75 0.5 $ 334
April 28, 2025 - June 1, 2025 0.3 0.2 $ 27.90 $ 32.34 0.5 $ 320
1 unchanged sentence
Total 0.8 0.5 $ 27.35 $ 31.52 1.3
−Removed: (a) The Company has not made any repurchases of Common Stock other than in connection with the publicly announced stock repurchase program described above.
+Added: (a) The Company has not made any repurchases of Common Stock other than in connection with the publicly announced 2021 Repurchase Program described above.
(b) Amounts exclude taxes, fees, commissions or other costs associated with the repurchases.
+Added: On July 15, 2025, the Company announced a new stock repurchase program authorizing the Company to purchase up to $1 billion in the aggregate of the Company’s outstanding Class A Common Stock and Class B Common Stock (the “2025 Repurchase Program” and, together with the 2021 Repurchase Program, the “Stock Repurchase Programs”), which is in addition to the remaining authorized amount under the 2021 Repurchase Program.
+Added: The manner, timing, number and share price of any repurchases under the Stock Repurchase Programs will be determined by the Company at its discretion and will depend upon such factors as the market price of the stock, general market conditions, applicable securities laws, alternative investment opportunities and other factors.
+Added: The Stock Repurchase Programs have no time limit and may be modified, suspended or discontinued at any time.
Not applicable.
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.