11 unchanged sentences
or Programs (4)
−Removed: January 1, 2026 to January 31, 2026
−Removed: February 1, 2026 to February 28, 2026
−Removed: March 1, 2026 to March 31, 2026
+Added: April 1, 2026 to April 30, 2026
+Added: May 1, 2026 to May 31, 2026
+Added: June 1, 2026 to June 30, 2026
(1) Upon vesting of restricted stock awards and performance-based stock units, certain of our employees surrender a portion of the newly vested shares of common stock to satisfy the tax withholding obligations that arise in connection with their vesting.
−Removed: During the first quarter of 2026, 45,455 restricted stock awards were surrendered, with no performance-based stock units surrendered.
+Added: During the second quarter of 2026, 1,839,024 awards and units were surrendered, consisting of 1,313,020 shares of restricted stock and 526,004 performance-based stock units.
(2) Represents a weighted ‑ average price of shares surrendered by employees to satisfy tax withholding obligations.
(3) In June 2025, we announced a stock repurchase program for the period beginning June 5, 2025 through December 31, 2027, under which our Board of Directors authorized the repurchase of up to $50 million of our common stock at management’s discretion in the open market, in privately negotiated transactions structured through investment banking institutions, or a combination of the foregoing, (the "2025 Repurchase Program" or the “Repurchase Program”).
−Removed: We used $0.8 million to repurchase 400,333 shares of our common stock under the Repurchase Program
−Removed: during the first quarter of 2026.
+Added: We used $0.8 million to repurchase 400,333 shares of our common stock under the Repurchase Program during the six months ended June 30, 2026.
Repurchases are subject to the terms of the Company’s 2024 Credit Facility, as amended, which limits aggregate share repurchases to $15 million and subjects such repurchases to compliance with specified financial covenants and leverage requirements.
Based on the foregoing, the Company has $40.2 million remaining authorized for future repurchases.
−Removed: The amount and timing of repurchases are subject to a variety of factors including liquidity, cash flow, stock price, compliance with our credit facility and general business and market conditions.
+Added: The amount and timing of repurchases are subject to a variety of factors including liquidity, cash flow, stock price, compliance with the 2024 Credit Facility and general business and market conditions.
We may also from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of our shares under this authorization.
3 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.