3 unchanged sentences
Purchases of Equity Securities
−Removed: During the nine months ended September 30, 2023, repurchases made pursuant to our stock repurchase programs were as follows:
+Added: During the three months ended March 31, 2024, repurchases made pursuant to our stock repurchase program were as follows:
Period Total number of shares purchased (1)
5 unchanged sentences
March 1, 2024 through March 31, 2024 — $ — — $ 150
−Removed: April 1, 2023 through April 30, 2023 105 $ 12.17 — $ 225
−Removed: May 1, 2023 through May 31, 2023 236 $ 12.40 — $ 225
−Removed: June 1, 2023 through June 30, 2023 332 $ 13.74 — $ 225
−Removed: July 1, 2023 through July 31, 2023 253 $ 13.16 — $ 225
−Removed: August 1, 2023 through August 31, 2023 5,760,165 $ 13.00 5,759,966 $ 150
−Removed: September 1, 2023 through September 30, 2023 315 $ 12.83 — $ 150
Total 162,539 —
_____________________________________
−Removed: (1) The number of shares purchased represents shares of common stock repurchased under the applicable previously announced stock repurchase programs as well as shares of common stock surrendered by certain of our employees to satisfy their federal and state tax obligations associated with the vesting of restricted common stock.
+Added: (1) The number of shares purchased represents shares of common stock surrendered by certain of our employees to satisfy their federal and state tax obligations associated with the vesting of restricted common stock.
(2) The weighted average price paid per share for shares of common stock surrendered by certain employees is based on the closing price of our common stock on the trading date immediately prior to the date of delivery of the shares.
−Removed: The weighted average price paid per share for shares repurchased excludes commissions paid.
−Removed: (3) The stock repurchase program authorized on February 25, 2022, which allowed for the repurchase of up to $300 million of our common stock, was terminated on February 17, 2023 upon the authorization of a new $300 million stock repurchase program, which expires on February 21, 2025.
+Added: (3) On February 17, 2023, our Board of Directors authorized and approved a $300 million stock repurchase program, which expires on February 21, 2025.
Defaults Upon Senior Securities.
−Removed: In June 2023, we ceased making debt service payments toward the $725 million SF Mortgage Loan, and we have received a notice of default from the servicer.
−Removed: As of November 2, 2023, the total arrearage related to the SF Mortgage Loan, including interest and fees was $26 million, of which $10 million is default interest.
+Added: In June 2023, we ceased making debt service payments toward the SF Mortgage Loan, and we have received a notice of default from the servicer.
+Added: As of May 1, 2024, the total arrearage related to the SF Mortgage Loan, including interest and fees was $54 million, of which $24 million is default interest.
In October 2023, the trustee for the SF Mortgage Loan filed a lawsuit against the borrowers under the SF Mortgage Loan.
5 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.