14 unchanged sentences
There were no shares repurchased under this program in the fourth quarter of 2021.
−Removed: Based on the period-end closing stock price of $29.38 at December 31, 2020, there was $87.7 million, or approximately 2,985,992 shares, remaining under this program.
+Added: As of December 31, 2021, there was $87.7 million, or approximately 2,173,648 shares based on the period-end closing stock price of $40.36, remaining under this program.
The following table provides information regarding our purchases of Rayonier common shares during the quarter ended December 31, 2021:
21 unchanged sentences
STOCK PERFORMANCE GRAPH
−Removed: The following graph compares the performance of Rayonier’s common shares (assuming reinvestment of dividends) with a broad-based market index (Standard & Poor’s (“S&P”) 500), and two industry-specific indices (the S&P Global Timber and Forestry Index and the S&P 1500 Real Estate Index).
+Added: The following graph compares the performance of Rayonier’s common shares (assuming reinvestment of dividends) with a broad-based market index (Standard & Poor’s (“S&P”) 500), and three industry-specific indices –the S&P Global Timber and Forestry Index, the FTSE NAREIT All Equity REIT Index (the “New Peer Group Index”) and the S&P 1500 Real Estate Index 1 (the “Old Peer Group Index”).
+Added: The New Peer Group Index has been selected to replace the Old Peer Group Index in the stock performance graph going forward, as we believe the composition of the FTSE NAREIT All Equity REIT Index better aligns with the Company’s businesses and provides a more useful benchmark for investors.
The table and related information below shall not be deemed to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except to the extent that the Company specifically incorporates it by reference into such filing.
7 unchanged sentences
100 132 106 123 146 167
−Removed: S&P ® 1500 Real Estate Sector Index 1
+Added: FTSE NAREIT All Equity REIT Index (New Peer Group Index) 100 105 96 118 109 151
+Added: S&P ® 1500 Real Estate Sector Index 1 (Old Peer Group Index)
100 112 111 150 163 238
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.