19 unchanged sentences
The declaration of distributions by our company is in the sole discretion of our board of trustees and depends on our actual cash flow, financial condition, capital expenditure requirements for our hotels, the annual distributions requirements under the REIT provisions of the Code and such other factors as our board of trustees deems relevant.
−Removed: Under the terms of the agreements governing our outstanding debt, as amended as a result of the adverse financial effects of the COVID-19 pandemic on our business, we are currently prohibited from making distributions on our common shares above $0.01 per share unless necessary to maintain our status as a REIT for U.S.
−Removed: federal income tax purposes.
Securities Authorized for Issuance Under Equity Compensation Plan
The following table sets forth information regarding securities authorized for issuance under our equity compensation plan, our 2009 Equity Incentive Plan, as amended and restated, as of December 31, 2022.
−Removed: See Note 8, Share-Based Compensation Plan, to our consolidated financial statements included in Part IV, Item 15 of this Annual Report on Form 10-K for additional information regarding our 2009 Equity Incentive Plan.
+Added: Share-Based Compensation Plan to our consolidated financial statements included in Part IV, Item 15 of this Annual Report on Form 10-K for additional information regarding our 2009 Equity Incentive Plan.
Plan Category Number of securities to be issued upon exercise of outstanding options, warrants and rights Weighted-average exercise price of outstanding options, warrants and rights Number of securities remaining available for future issuance under equity compensation plans
6 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: Period Total Number of Shares Purchased (1)
−Removed: 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)
+Added: Common Shares
+Added: 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 of Shares that May Yet Be Purchased Under the Plans or Programs (1)
October 1, 2022 - October 31, 2022 — $ — — $ —
3 unchanged sentences
______________________
−Removed: (1) Amounts in this column represent common shares sold to the Company as payment of tax withholding due upon vesting of equity awards.
(1) On February 22, 2016, we announced that our board of trustees authorized a share repurchase program of up to $150.0 million of our outstanding common shares.
−Removed: Under this program, we may repurchase common shares from time to time in transactions on the open market or by private agreement.
−Removed: We may suspend or discontinue this program at any time.
−Removed: As of December 31, 2021, $56.6 million of common shares remained available for repurchase under this program.
−Removed: The credit agreements governing our existing indebtedness prohibit us from repurchasing common shares until we have certified compliance with certain financial covenants through June 30, 2022.
On July 17, 2017, we announced that our board of trustees authorized a new share repurchase program of up to $100.0 million of our outstanding common shares.
−Removed: Under this program, we may repurchase common shares from time to time in transactions on the open market or by private agreement.
+Added: This $100.0 million share repurchase program commenced upon the completion of the $150.0 million share repurchase program.
+Added: Under these programs, we may repurchase common shares from time to time in transactions on the open market or by private agreement.
We may suspend or discontinue this program at any time.
−Removed: This $100.0 million share repurchase program will commence upon the completion of the $150.0 million share repurchase program.
+Added: In December 2022, we completed the $150.0 million share repurchase program and commenced the $100.0 million share repurchase program.
+Added: As of December 31, 2022, $87.0 million of common shares remained available for repurchase under the $100.0 million share repurchase program.
+Added: 5.70% Series H Cumulative Redeemable Preferred Shares
+Added: Period Total Number of Shares Purchased (1)
+Added: Average Price Paid Per Share (1)
+Added: 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
+Added: October 1, 2022 - October 31, 2022 — $ — — $ —
+Added: November 1, 2022 - November 30, 2022 — $ — — $ —
+Added: December 1, 2022 - December 31, 2022 1,000,000 $ 16.00 — $ —
+Added: Total 1,000,000 $ 16.00 — $ —
+Added: ______________________
+Added: (1) On December 27, 2022, we repurchased 1.0 million of our 5.70% Series H Cumulative Redeemable Preferred Shares at the repurchase price of $16.00 per share pursuant to a private agreement following an unsolicited inquiry made to us.
+Added: The repurchase was not made through a publicly announced program.
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.