11 unchanged sentences
We have paid quarterly cash dividends on our common stock since our IPO in April 2017, and we intend to continue paying regular quarterly dividends.
−Removed: On October 26, 2020, our Board approved a special cash dividend of $ 2.00 per share, which was paid on November 19, 2020 to shareholders of record on November 9, 2020.
−Removed: The declaration and amount of any future dividends, including special dividends, is subject to the discretion of our Board and will depend on our financial condition, earnings, legal requirements, certain debt agreements we are then party to, and other factors our Board deems relevant and, therefore, is not assured.
−Removed: Our Amended and Restated Articles of Incorporation provide that holders of our Class A common stock and holders of our Class B common stock will be treated equally and ratably on a per share basis with respect to any such dividends, unless disparate treatment is approved in advance by the vote of the holders of a majority of the outstanding shares of our Class A common stock and Class B common stock, each voting as a separate group.
+Added: The declaration and amount of any future dividends is subject to the discretion of our Board and will depend on our financial condition, earnings, legal requirements, certain debt agreements we are then party to, and other factors our Board deems relevant and, therefore, is not assured.
+Added: Our Amended and Restated Articles of Incorporation provide that holders of our Class A and Class B common stock will be treated equally and ratably on a per share basis with respect to any such dividends, unless disparate treatment is approved in advance by the vote of the holders of a majority of the outstanding shares of our Class A and Class B common stock, each voting as a separate group.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: The following table sets forth information regarding the purchases of our equity securities made by or on behalf of us or any affiliated purchaser (as defined in Exchange Act Rule 10b-18) during the three months ended December 31, 2020.
−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 (2)
−Removed: Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
−Removed: October 1 - October 31 508 $ 25.11 — $ —
−Removed: November 1 - November 30 — — — —
−Removed: December 1 - December 31 — — — —
−Removed: Total 508 $ 25.11 — $ —
−Removed: (1) Represents shares of common stock that employees surrendered to satisfy withholding taxes related to the vesting of restricted stock.
−Removed: The 2017 Omnibus Incentive Plan and the award agreements allow participants to elect to satisfy, in whole or in part, any applicable U.S.
−Removed: Federal, state, and local tax withholding obligations arising in connection with plan awards by authorizing the Company to withhold a number of restricted shares that would otherwise vest, with a fair market value equal to such withholding liability.
−Removed: During the year ended December 31, 2020, the Company withheld 49,441 shares that employees presented to the Company to satisfy withholding taxes for the vesting of restricted stock.
−Removed: (2) The Company is not currently participating in a share repurchase program.
+Added: The Company does not have a share repurchase program and did not repurchase any equity securities during the three months ended December 31, 2021.
Equity Compensation Plan Disclosure
5 unchanged sentences
Robinson Worldwide, Landstar System, Inc., Werner Enterprises, Inc., Expeditors International of Washington, Inc., Old Dominion Freight Line, Inc., XPO Logistics, Hub Group, Inc., Kirby Corporation, and YRC Worldwide.
−Removed: There were no changes to the 2019 peer group used to make 2020 compensation decisions.
−Removed: The comparison assumes $100 was invested on April 6, 2017 in our Class B common stock and in each of the foregoing indices and peer group and assumes reinvestment of dividends.
+Added: In 2020, the Compensation Committee adopted the 2020 peer group for use in 2021 compensation decisions, modifying the 2019 peer group to add Saia and remove YRC Worldwide.
+Added: The comparison assumes $100 was invested on April 6, 2017 in our Class B common stock and in each of the foregoing indices and peer groups and assumes reinvestment of dividends.
The stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance.
5 unchanged sentences
2020 Peer Group 100.00 132.25 109.48 138.49 175.77 276.05
+Added: 2019 Peer Group 100.00 131.58 108.60 136.36 170.55 266.06
1 Effective September 8, 2017, the businesses of Knight Transportation, Inc.
1 unchanged sentence
were merged under a single parent company, Knight-Swift Transportation Holding, Inc.
−Removed: SELECTED FINANCIAL DATA
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.