−Removed: Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities
−Removed: Effective July 23, 2021, the Company’s Board of Directors approved an amendment to the 2019 Program that increased the amount of the Company’s 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).
−Removed: The 2019 Program was originally approved on October 17, 2019 and first amended in March 2020.
−Removed: During January 2022, the Company substantially exhausted the remaining capacity under the 2019 Program, and as a result, the Company’s Board of Directors authorized a new stock repurchase program (the “2022 Program”), which replaced the 2019 Program and under which the Company may repurchase up to $175.0 million of its Class A common stock currently issued and outstanding.
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
+Added: In January 2022, our Board of Directors authorized a stock repurchase program (the “2022 Program”) under which we could repurchase up to $175.0 million of our Class A common stock currently issued and outstanding.
+Added: Because the 2022 Program was set to terminate on January 31, 2024, our Board of Directors authorized a new stock repurchase program in January 2024 (“2024 Program”) under which we may repurchase up to $175.0 million of our Class A common stock currently issued and outstanding.
+Added: The 2024 Program will be executed in accordance with Rule 10b-18 under the Exchange Act, and will terminate on January 31, 2026 (unless terminated sooner).
The timing, pricing, and amount of any repurchases under the 2024 Program will be determined by the Company’s management at its discretion based on a variety of factors, including, but not limited to, trading volume and market price of the Company’s common stock, corporate considerations, the Company’s working capital and investment requirements, general market and economic conditions, and legal requirements.
−Removed: Information concerning our purchases of common stock during the quarter ended September 30, 2023 is as follows:
+Added: Information concerning our purchases of common stock during the quarter ended March 31, 2024 is as follows:
Period Total Number of Shares Purchased (1)
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: July 1, 2023 - July 31, 2023 — $ — — $ 59,899,000
−Removed: August 1, 2023 - August 31, 2023 567,100 18.26 567,100 $ 49,541,000
−Removed: September 1, 2023 - September 30, 2023 561,862 17.12 561,862 $ 39,922,000
+Added: January 1, 2024 - January 31, 2024 — $ — — $ 175,000,000
+Added: February 1, 2024 - February 29, 2024 — — — $ 175,000,000
+Added: March 1, 2024 - March 31, 2024 — — — $ 175,000,000
Total — $ — —
2 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.