12 unchanged sentences
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: The Company did not repurchase any equity securities during the three months ended December 31, 2024.
+Added: 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, 2025.
+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 Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (1)
+Added: (in millions)
+Added: October 1, 2025 - October 31, 2025 — $ — — $ 46.1
+Added: November 1, 2025 - November 30, 2025 261,891 21.60 261,891 40.5
+Added: December 1, 2025 - December 31, 2025 22,575 22.79 22,575 39.9
+Added: Total 284,466 284,466
+Added: (1) On February 1, 2023, the Company announced that the Board approved a share repurchase program under which the Company is authorized to repurchase up to $ 150.0 million of its Class A and/or Class B common shares over the next three years (“the 2023 Program”).
+Added: As of December 31 , 2025 , the Company had $39.9 million remaining available for repurchase.
+Added: In January 2026, the Board approved a new three-year, $150.0 million share repurchase program, effective upon the expiration of the 2023 Program.
+Added: This new authorization replaces the 2023 Program, does not obligate the Company to repurchase a minimum number of shares, and is intended to help offset the dilutive effect of equity grants to employees over time.
+Added: Under this program, the Company may repurchase shares in privately negotiated and/or open market transactions.
Equity Compensation Plan Disclosure
3 unchanged sentences
The following graph compares the cumulative total shareholder return on our Class B common stock to the cumulative total return of the Standard and Poor’s 500 Stock Index, the Dow Jones Transportation Index, and a customized peer group for the period from December 31, 2020 through December 31, 2025.
−Removed: The 2020 peer group, which was used by the Board’s Compensation Committee for 2021 compensation decisions, consisted of ArcBest Corp., JB Hunt Transport Services, Inc., Ryder System, Inc., Avis Budget Group, Inc., Knight-Swift Transportation Holdings Inc., C.H.
−Removed: 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 Saia.
−Removed: There were no changes to the peer group used to make 2022, 2023, or 2024 compensation decisions.
+Added: The 2020 peer group, which was used by the Board’s Compensation Committee for 2021 through 2024 compensation decisions, consisted of ArcBest Corp., Avis Budget Group, Inc., C.H.
+Added: Robinson Worldwide, Expeditors International of Washington, Inc., Hub Group, Inc., JB Hunt Transport Services, Inc., Kirby Corporation, Knight-Swift Transportation Holdings Inc., Landstar System, Inc., Old Dominion Freight Line, Inc., Ryder System, Inc., Saia, Werner Enterprises, Inc., and XPO Logistics.
+Added: In 2025, the Compensation Committee adopted the 2024 peer group for 2025 compensation decisions, modifying the 2020 peer group to add RXO and TFI International, while removing Avis Budget Group.
The comparison assumes $100 was invested on December 31, 2020 in our Class B common stock and in each of the foregoing indices and peer group and assumes reinvestment of dividends.
6 unchanged sentences
2024 Peer Group 100.00 150.44 124.06 166.38 165.01 169.38
+Added: 2020 Peer Group 100.00 157.03 128.30 170.27 164.94 176.37
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.