3 unchanged sentences
Stock and Publicly Traded Operating Partnership Unit Repurchase Program
−Removed: On December 11, 2020, ESRT's Board of Directors authorized the repurchase of up to $500 million of our Class A common stock and the Operating Partnership’s Series ES, Series 250 and Series 60 operating partnership units through December 31, 2021.
+Added: ESRT's Board of Directors authorized the repurchase of up to $500 million of our Class A common stock and the Operating Partnership’s Series ES, Series 250 and Series 60 operating partnership units during the period from January 1, 2022 through December 31, 2023.
+Added: This replaces an earlier $500.0 million repurchase authorization that ran from January 1, 2021 through December 31, 2021.
Under the program, ESRT may purchase our Class A common stock and we may purchase our Series ES, Series 250 and Series 60 operating partnership units in accordance with applicable securities laws from time to time in the open market or in privately negotiated transactions.
−Removed: The timing, manner, price and amount of any repurchases will be determined by ESRT and us at our discretion and will be subject to stock price, availability, trading volume and general market conditions.
+Added: The timing, manner, price and amount of any repurchases will be determined by ESRT and us and will be subject to stock price, availability, trading volume, general market conditions, and applicable securities laws.
The authorization does not obligate ESRT or us to acquire any particular amount of securities, and the program may be suspended or discontinued at ESRT and our discretion without prior notice.
−Removed: The following table summarizes ESRT's repurchases of equity securities in each of the months in the three month period ended September 30, 2021 under the repurchase program described above:
+Added: The following table summarizes ESRT's repurchases of equity securities in each of the months in the three month period ended March 31, 2022 under the repurchase program described above:
Period Total Number of Shares Purchased Weighted Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plan Maximum Approximate Dollar Value Available for Future Purchase (in thousands)
−Removed: July 2021 — $ — — $ 496,467
−Removed: August 2021 403,831 $ 10.54 403,831 $ 492,212
−Removed: September 2021 221,771 $ 10.17 221,771 $ 489,958
+Added: January 2022 483,180 $ 9.52 483,180 $ 495,399
+Added: February 2022 50,000 $ 9.12 50,000 $ 494,943
+Added: March 2022 721,860 $ 9.62 721,860 $ 487,999
DEFAULTS UPON SENIOR SECURITIES
2 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.