4 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: Effective July 23, 2021, our Board of Directors approved an amendment to the Company’s stock repurchase program originally approved in October 2019 and first amended in March 2020 (“2019 Program”) that increased the amount of our Class A Common Stock that may be repurchased under the 2019 Program from a maximum of $180 million to a maximum of $276.5 million and extended the term of the 2019 Program from October 31, 2021, to October 31, 2022 (unless terminated sooner).
+Added: Effective July 23, 2021, our Board of Directors approved an amendment to the Company’s stock repurchase program originally approved in October 2019 and first amended in March 2020 (“2019 Program”) that increased the amount of our Class A Common Stock that may be repurchased under the 2019 Program from a maximum of $180 million to a maximum of $276.5 million and extended the term of the 2019 Program from October 31, 2021, to October 31, 2022.
The repurchase authorization under the 2019 Program was substantially exhausted during January 2022.
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We anticipate funding for the 2022 Program to come from available sources of liquidity, including cash on hand and future cash flow.
−Removed: Information concerning our purchases of common stock during the quarter ended December 31, 2021 is as follows:
−Removed: Period Total Number of Shares Purchased (1)
−Removed: Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
−Removed: October 1 - 31, 2021 457,687 $ 30.47 457,687 $ 84,583,000
−Removed: November 1 - 30, 2021 325,000 29.23 325,000 $ 75,082,000
−Removed: December 1 - 31, 2021 1,842,661 29.58 1,842,661 $ 20,585,000
−Removed: Total 2,625,348 $ 29.69 2,625,348
−Removed: _________________________
−Removed: (1) No shares of restricted stock were purchased in connection with employee tax withholding obligations under employee compensation plans, which are not purchases under any publicly announced plan.
+Added: The Company made no purchases of its common stock during the three months ended December 31, 2022.
+Added: Under the 2022 Program, the Company has approximately $79.9 million of remaining funds that may be used to repurchase shares of the Company’s Class A Common Stock.
Performance Graph
−Removed: The performance graph below compares the cumulative total shareholder return on the Company’s Common Stock with the cumulative total return of the Nasdaq Composite Index, the SNL U.S.
−Removed: Bank & Thrift Index, the Russell 2000 Index and KBW Regional Banking Index.
+Added: The performance graph below compares the cumulative total shareholder return on the Company’s Common Stock with the cumulative total return of the Russell 2000 Index and the KBW Regional Banking Index.
The graph assumes an investment of $100 on December 31, 2017 and reinvestment of dividends on the date of payment without commissions.
The performance graph represents past performance and should not be considered as an indication of future performance.
−Removed: In the preceding year, the Company selected the NASDAQ Composite and SNL U.S.
−Removed: Bank & Thrift Index as the indexes with which to compare its performance.
−Removed: The Company is replacing these indexes with the Russell 2000 Index and the KBW Regional Banking Index, respectively, as we believe these indexes are more representative of companies similar in size and market capitalization to the Company.
−Removed: In addition, the Company is a member of the Russell 2000 Index and, during 2021, was added as a member of the KBW Regional Bank Index.
Period Ending
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KBW Nasdaq Regional Banking Index 100.00 82.50 102.15 93.25 127.42 118.59
−Removed: Nasdaq Composite 100.00 129.73 126.08 172.41 250.08 305.63
−Removed: Bank & Thrift 100.00 118.21 98.75 135.64 118.33 160.89
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.