4 unchanged sentences
Shareholders received quarterly cash dividends on shares of common stock totaling $6.6 million in 2021 and $6.0 million in 2020.
−Removed: Dividends increased from 2019 due to the Company’s operating results from continuing operations and excess capital.
+Added: Dividends increased from 2020 due to the issuance of the Company’s common stock in relation to the acquisition of Severn in the fourth quarter of 2021.
As a general matter, the payment of dividends is at the discretion of the Company’s Board of Directors, based on such factors as operating results, financial condition, capital adequacy, regulatory requirements, and stockholder return.
11 unchanged sentences
EQUITY COMPENSATION PLAN INFORMATION
−Removed: The following table contains information about these equity compensation plans as of December 31, 2020.
+Added: The following table provides information as of December 31, 2021, with respect to options outstanding and shares available for future awards under the Company’s active equity incentive plans.
Number of securities
17 unchanged sentences
There were no unregistered sales of the Company’s stock during the fourth quarter of 2021.
−Removed: The Company completed its original stock repurchase program that was approved in April of 2019 on October 26, 2020 which authorized the repurchase of up to $10.0 million of the Company’s common stock.
−Removed: Subsequently, on November 24, 2020 the Company announced an additional stock repurchase program which was approved by the Board and authorized management to repurchase up to $5.0 million of the Company’s common stock.
−Removed: During the fourth quarter of 2020, the Company repurchased 183,471 shares of its common stock under the “original” repurchase plan and repurchased 253,900 shares of its common stock under the “new” repurchase plan.
−Removed: The following tables provide information with respect to purchases made by or on behalf of us or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act) of our common stock during the fourth quarter of 2020.
−Removed: Original Stock Repurchase Plan $10.0 million (2019-2020)
−Removed: Total Number of
−Removed: Maximum Dollar Value
−Removed: Average Price
−Removed: Shares Purchased as Part
−Removed: Of Shares that May Yet Be
−Removed: of the Publicly Announced
−Removed: Purchased Under the
−Removed: Plans or Programs
−Removed: Plans or Programs
−Removed: October 1, 2020 to October 31, 2020
−Removed: November 1, 2020 to November 30, 2020
−Removed: December 1, 2020 to December 31, 2020
−Removed: New Stock Repurchase Plan $5.0 million (2020-2021)
−Removed: Total Number of
−Removed: Maximum Dollar Value
−Removed: Average Price
−Removed: Shares Purchased as Part
−Removed: Of Shares that May Yet Be
−Removed: of the Publicly Announced
−Removed: Purchased Under the
−Removed: Plans or Programs
−Removed: Plans or Programs
−Removed: October 1, 2020 to October 31, 2020
−Removed: November 1, 2020 to November 30, 2020
−Removed: December 1, 2020 to December 31, 2020
−Removed: Selected Financial Data
−Removed: Not required.
+Added: The Company’s stock repurchase program that was approved in November 24, 2020, expired on December 31, 2021.
+Added: There were no purchases made by or on behalf of us or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Exchange Act) of our common stock during the fourth quarter of 2021.
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.