−Removed: Market for Registrant's Common Equity, Related Stockholder Matters and Issue Purchases of Equity Securities
+Added: Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
The Company’s common stock is traded on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “ROCK.”
−Removed: As of February 22, 2022, there were 35 shareholders of record of the Company’s common stock.
+Added: As of February 21, 2023, there were approximately 32 shareholders of record of the Company’s common stock.
However, the Company believes that it has a significantly higher number of beneficial owners because of the number of shares that are held by banks, brokers, and other financial institutions.
The Company did not declare any cash dividends during the years ended December 31, 2022 and 2021 and does not expect to pay any in the foreseeable future.
−Removed: The Company intends to use cash generated by operations to reinvest in the businesses and to fund acquisitions.
+Added: The Company intends to use cash generated by operations to reinvest in the businesses, fund acquisitions and to repurchase stock.
The Company's disclosure in Note 9 of the Company’s audited consolidated financial statements included in Item 8 of this Annual Report on Form 10-K provide additional information regarding restrictions on potential capital distributions.
+Added: In May 2022, the Company's Board of Directors authorized a share repurchase program of up to $200 million of the Company's issued and outstanding common stock.
+Added: The program was publicly announced on May 4, 2022 and has a duration of three years, ending May 2, 2025.
+Added: Repurchases may be made, from time to time, in amounts and at prices the Company deems appropriate, subject to market conditions, applicable legal requirements, debt covenants and other considerations.
+Added: Any such repurchases may be executed using open market purchases, privately negotiated agreements or other transactions.
+Added: The repurchase program may be suspended or discontinued at any time at the Company's discretion.
+Added: The following table sets forth purchases made by or on behalf of the Company during the quarter ended December 31, 2022.
+Added: Issuer Purchases of Equity Securities
+Added: Period Total Number
+Added: Purchased Average Price
+Added: Paid per Share Total Number
+Added: Purchased as Part
+Added: Program Approximate
+Added: Dollar Value of
+Added: Shares that May
+Added: Yet Be Purchased
+Added: October 1 - 31, 2022 537,756 $ 45.48 537,756 $ 120,001,218
+Added: November 1 - 30, 2022 — $ — — $ 120,001,218
+Added: December 1 - 31, 2022 126,157 $ 46.58 126,157 $ 114,124,306
+Added: Total 663,913 $ 45.69 663,913
+Added: The Company did not sell unregistered equity securities during the period covered by this report.
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.