Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The Company had no unregistered sales of equity securities during the third quarter of 2021.
+Added: There were no unregistered sales of equity securities during the first quarter of 2022.
The following table sets forth information with respect to shares of our common stock purchased by the Company during the periods indicated:
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or Programs (2)
−Removed: July 31, 2021
−Removed: August 1, 2021
−Removed: August 31, 2021
−Removed: September 1, 2021
−Removed: September 30, 2021
−Removed: Except for the 1,533,998 shares of the Company’s common stock repurchased as described in footnote (2) which follows, all purchases were made pursuant to the Company’s Omnibus Incentive Plan, under which participants may satisfy tax withholding obligations incurred upon the vesting of restricted stock by requesting the Company to withhold shares with a value equal to the amount of the withholding obligation.
−Removed: The Company’s Board of Directors had previously authorized a share repurchase program of up to $250.0 million of the Company’s common stock (the “Share Repurchase Program”).
−Removed: Under the Share Repurchase Program, the Company is authorized to repurchase shares through open market purchases, privately-negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act.
−Removed: During the nine months ended September 30, 2021, the Company repurchased 1,533,998 shares for an aggregate total of approximately $82.7 million.
−Removed: As of September 30, 2021, the Company had approximately $154.9 million available under the Share Repurchase Program.
−Removed: Refer to Note 11 – Stockholders’ Equity (Deficit) in our notes to the unaudited condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q for further details.
+Added: January 1, 2022
+Added: January 31, 2022
+Added: February 1, 2022
+Added: February 28, 2022
+Added: March 1, 2022
+Added: March 31, 2022
+Added: Except for the 1,535,427 shares of our common stock repurchased as described in footnote (2) below, all other purchases were made pursuant to our Omnibus Incentive Plan, under which participants may satisfy tax withholding obligations incurred upon the vesting of restricted stock by requesting that we withhold shares with a value equal to the amount of the withholding obligation.
+Added: On March 10, 2022, we announced that our Board of Directors approved a replenishment of $228.2 million to our previously authorized share repurchase program (the “Share Repurchase Program”), bringing the total amount authorized for future share repurchases back up to $250.0 million.
+Added: Under the Share Repurchase Program, we are authorized to repurchase shares through open market purchases, privately-negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act.
+Added: Pursuant to the Share Repurchase Program, during the quarter ended March 31, 2022, we repurchased a total of 1,535,427 shares of common stock at a total cost of approximately $109.9 million, leaving approximately $140.1 million available under the Share Repurchase Program as of March 31, 2022.
+Added: All of the common stock is held as treasury shares as of March 31, 2022.
+Added: The number of shares to be purchased and the timing of purchases will be based on our trading windows and available liquidity, general business and market conditions and other factors, including legal requirements and alternative opportunities.
+Added: See Note 10–Stockholders’ Deficit in the notes to the unaudited condensed consolidated financial statements included elsewhere in this Quarterly Report on Form 10-Q.
Defaults Upon Senior Securities
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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.