16 unchanged sentences
The following table provides information regarding our purchases of Rayonier common shares during the quarter ended December 31, 2022:
−Removed: Period Total Number of Shares Purchased (a)
−Removed: Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (b) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (c)
+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 (a) Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs (b)
October 1 to October 31 — — — 2,603,218
1 unchanged sentence
December 1 to December 31 — — — 2,661,664
−Removed: (a) Includes the Company’s common shares purchased from employees in non-open market transactions.
−Removed: The shares were sold by employees of the Company in exchange for cash that was used to pay withholding taxes associated with the vesting of share-based awards under the Company’s Incentive Stock Plan.
−Removed: The price per share surrendered is based on the closing price of the Company’s common shares on the respective vesting dates of the awards.
−Removed: (b) Purchases made in open-market transactions under the $100 million share repurchase program announced on February 10, 2016.
−Removed: (c) Maximum number of shares authorized to be purchased at the end of October, November and December are based on month-end closing stock prices of $37.33, $37.77 and $40.36, respectively.
+Added: (a) Purchases made in open-market transactions under the $100 million share repurchase program announced on February 10, 2016.
+Added: (b) Maximum number of shares authorized to be purchased at the end of October, November and December are based on month-end closing stock prices of $33.70, $35.88 and $32.96, respectively.
Rayonier, L.P.
10 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 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”).
−Removed: 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.
+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 two industry-specific indices – the S&P Global Timber and Forestry Index and the FTSE NAREIT All Equity REIT Index.
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 80 93 111 127 100
−Removed: FTSE NAREIT All Equity REIT Index (New Peer Group Index) 100 105 96 118 109 151
−Removed: S&P ® 1500 Real Estate Sector Index 1 (Old Peer Group Index)
−Removed: 100 112 111 150 163 238
−Removed: 1 Based on constituents as of December 31, 2021 and excludes entities that were not publicly traded for the entire comparative period.
+Added: FTSE NAREIT All Equity REIT Index 100 92 114 105 144 103
SELECTED FINANCIAL DATA
1 unchanged sentence
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.