12 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: We did not acquire any shares of our common stock during the three months ended December 31, 2022.
+Added: In October 2015, our board of directors approved a share repurchase program, authorizing us to repurchase up to $100 million of our common stock and in February 2017, our Board of Directors approved an increase to the share repurchase program (collectively, the “2015 and 2017 Share Repurchase Programs”), authorizing us to repurchase up to an additional $100 million of our outstanding common stock.
+Added: As of December 31, 2022, we have fully utilized our authorization for repurchases under the 2015 and 2017 Share Repurchase Programs.
+Added: In June 2023, our Board of Directors approved a share repurchase program (the “2023 Share Repurchase Program”), providing authorization to repurchase up to $100 million of our common stock.
+Added: During the year ended December 31, 2023, we repurchased approximately 634,500 shares of our common stock at an average per share cost of $44.45 and as of December 31, 2023, we had $71.8 million of remaining authorization for purchases under the 2023 Share Repurchase Program.
+Added: The table below presents shares of our common stock which we acquired during the three months ended December 31, 2023:
+Added: ISSUER PURCHASES OF EQUITY SECURITIES
+Added: Period (a) Total Number of Shares (or Units) Purchased (b) Average Price Paid Per Share (or Unit) (c) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs (1)
+Added: (d) Maximum Number (or Approximate Dollar Value) of Shares (or Units) That May Yet Be Purchased Under the Plans or Programs (1)
+Added: October 1 - 31, 2023 — $ — —
+Added: November 1 - 30, 2023 106,787 44.96 106,787
+Added: December 1 - 31, 2023 96,381 45.66 96,381
+Added: 203,168 $ 45.29 203,168 $ 71,794,311
+Added: _______________________________________________________________________________
+Added: (1) We purchased shares of our common stock in open market purchases pursuant to share repurchases authorized by our Board of Directors.
+Added: In June 2023, our Board of Directors authorized the repurchase of up to $100 million of our common stock.
+Added: As of December 31, 2023, $71.8 million remained available for purchase under this authorization.
+Added: We expect to fund future repurchases, if any, through a combination of cash on hand, cash generated by operations and future financing transactions, if appropriate.
+Added: Accordingly, our share repurchase program is subject to us having available cash to fund repurchases.
+Added: Under the share repurchase program, management is authorized to purchase shares of our common stock from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements, and subject to market conditions and other factors.
+Added: As of December 31, 2023, in total we have repurchased approximately 4.4 million shares of our common stock under the 2015 and 2017 Share Repurchase Programs and the 2023 Share Repurchase Program at an average per-share cost of $51.74.
Equity Compensation Plan Information
3 unchanged sentences
The graph tracks the performance of a $100 investment in our common stock and in each index (with the reinvestment of all dividends) from 12/31/2018 to 12/31/2023.
+Added: 12/2018 12/2019 12/2020 12/2021 12/2022 12/2023
Shutterstock, Inc.
6 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.