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Except as described below, the Company did not sell any of its equity securities during the period covered by this report that were not registered under the Securities Act that were not reported on a Current Report on Form 8-K.
−Removed: On October 20, 2024, in connection with the Lone Star Acquisition, the Compensation Committee of the Board of Directors approved grants of an aggregate of 61,000 restricted shares of Class B common stock under the Restricted Stock Plan to certain executive officers, key employees and advisors of the Company.
+Added: On March 4, 2025, the Company issued a total of 48,000 restricted shares of Class B common stock under the Restricted Stock Plan to certain directors of the Company as compensation for their service on the Board of Directors.
The restricted shares of Class B common stock were not registered under the Securities Act and were issued in reliance upon the exemption provided in Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder.
Issuer Purchases of Equity Securities
−Removed: During the quarter ended December 31, 2024, the Company repurchased shares of its Class A and Class B common stock as follows (unaudited):
−Removed: Period Total Number of Shares Purchased (1)
−Removed: Average Price Paid Per Share (2)
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares That May Yet be Purchased under the Plans or Programs (3)
−Removed: October 1, 2024 - October 31, 2024 79,756 $ 69.80 — $ 30,021,791
−Removed: November 1, 2024 - November 30, 2024 41,858 $ 90.93 — $ 30,021,791
−Removed: December 1, 2024 - December 31, 2024 27,800 $ 95.90 — $ 30,021,791
+Added: During the quarter ended March 31, 2025, the Company repurchased shares of its Class A common stock as follows (unaudited):
+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 Maximum Number (or Approximate Dollar Value) of Shares That May Yet be Purchased under the Plans or Programs (1)
+Added: January 1, 2025 - January 31, 2025 — $ — — $ 30,021,791
+Added: February 1, 2025 - February 28, 2025 37,864 $ 73.61 37,864 $ 27,234,502
+Added: March 1, 2025 - March 31, 2025 74,113 $ 70.98 74,113 $ 21,973,935
Total 111,977 $ 71.87 111,977 —
−Removed: (1) Consists of an aggregate of 146,761 shares of Class A and 2,653 shares of Class B common stock withheld to satisfy tax withholding obligations on behalf of certain employees upon the vesting of restricted stock awards.
−Removed: (2) Represents the closing price for a share of Class A common stock on the Nasdaq Global Select Market on the last trading day prior to the vesting date for restricted shares previously granted to certain employees and withheld by the Company in satisfaction of tax withholding obligations arising upon the vesting of such shares.
(1) On April 12, 2024, the Company announced that the Board of Directors authorized the Company to purchase up to $40.0 million of our Class A common stock in open market purchases, privately negotiated transactions or by other means.
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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.