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Market Price of Common Stock
−Removed: Our common stock is listed on the New York Stock Exchange under the symbol “TNL.” As of January 31, 2022, the number of stockholders of record was 4,378.
+Added: Our common stock is listed on the New York Stock Exchange under the symbol TNL.
+Added: As of January 31, 2023, the number of stockholders of record was 4,216.
The equity plan compensation information called for by Item 201(d) of Regulation S-K is set forth in Part III, Item 12 of this Annual Report on Form 10-K under the heading “ Equity Compensation Plan Information as of December 31, 2022.
18 unchanged sentences
(a) Includes 66,604 shares purchased for which the trade date occurred in December 2022 and settled in January 2023.
−Removed: (b) On August 20, 2007, our Board of Directors (“Board”) authorized the repurchase of our common stock (the “Share Repurchase Program”).
+Added: (b) On August 20, 2007, our Board of Directors authorized the repurchase of our common stock (the “Share Repurchase Program”).
Under the Share Repurchase Program, we are authorized to repurchase shares through open market purchases, privately-negotiated transactions, or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act.
The Share Repurchase Program has no time limit and may be suspended or discontinued completely at any time.
−Removed: The Board has since increased the capacity of the Share Repurchase Program eight times, most recently on October 23, 2017, by $1.0 billion, bringing the total authorization under the program to $6.0 billion.
−Removed: Proceeds received from stock option exercises have increased the repurchase capacity by $81 million since the inception of this program.
−Removed: Under our current and prior stock repurchase plans, the total authorization is $6.8 billion.
−Removed: See the “Share Repurchase Program” section included in Item 7 of this Annual Report on Form 10-K for further information on the Share Repurchase Program.
−Removed: For a description of limitations on the payment of our dividends, see the “Dividends” section included in Item 7 of this Annual Report on Form 10-K.
+Added: The Board of Directors has since increased the capacity of the Share Repurchase Program nine times, most recently in April 2022, by $500 million, bringing the total authorization under the current program to $6.5 billion.
+Added: See the “ Management’s Discussion and Analysis of Financial Condition and Results of Operations - Share Repurchase Program ” section for further information on the Share Repurchase Program.
+Added: For a description of limitations on the payment of our dividends, see the “ Management’s Discussion and Analysis of Financial Condition and Results of Operations - Dividends .”
Stock Performance Graph
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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.