8 unchanged sentences
The S&P MidCap 400 is included as we believe it is a meaningful data point as the Company's common stock is included in this index.
−Removed: Additionally, the S&P MidCap 400 is used in measuring the Company's relative total stockholder return for purposes of determining the performance of certain stock awards granted in 2018, 2019, and 2020.
+Added: Additionally, the S&P MidCap 400 is used in measuring the Company's relative total stockholder return for purposes of determining the performance of certain stock awards granted beginning in 2018.
The data in the graph assumes $100 was invested on December 31, 2016.
For the purpose of this graph, historical stock prices of Trinity prior to the spin-off of Arcosa, Inc.
−Removed: ("Arcosa") have been adjusted to reflect the impact of the spin.
+Added: have been adjusted to reflect the impact of the spin.
2016 2017 2018 2019 2020 2021
4 unchanged sentences
S&P MidCap 400 100 116 103 130 148 185
−Removed: Issuer Purchases of Equity Securities N EED
+Added: Issuer Purchases of Equity Securities
This table provides information with respect to purchases by the Company of shares of its common stock during the quarter ended December 31, 2021:
5 unchanged sentences
October 1, 2021 through October 31, 2021
+Added: 2,514 $ 28.68 — $ 250.0
November 1, 2021 through November 30, 2021
+Added: 1,094,381 $ 28.41 1,094,330 $ 218.9
December 1, 2021 through December 31, 2021
+Added: 12,837,828 $ 28.88 4,061,161 $ 98.1
Total 13,934,723 5,155,491
(1) These columns include the following transactions during the three months ended December 31, 2021:
−Removed: (i) the surrender to the Company of 9,208 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees, (ii) the purchase of 306 shares of common stock by the Trustee for assets held in a non-qualified employee profit-sharing plan trust, and (iii) the purchase of 2,974,922 shares of common stock on the open market as part of our share repurchase program.
−Removed: (2) In October 2020, our Board of Directors authorized a new share repurchase program effective October 23, 2020 through December 31, 2021.
−Removed: The new share repurchase program authorized the Company to repurchase up to $250.0 million of its common stock.
−Removed: 2,974,922 shares were repurchased under the new share repurchase program during the three months ended December 31, 2020, at a cost of approximately $67.8 million.
−Removed: As of December 31, 2020, the Company had a remaining authorization to repurchase up to $182.2 million of its common stock under the current repurchase program.
−Removed: Certain shares of stock repurchased during December 2020, totaling $1.8 million, were cash settled in January 2021 in accordance with normal settlement practices.
−Removed: The approximate dollar value of shares that were eligible to be repurchased under such share repurchase program is shown as of the end of such month or quarter.
−Removed: Selected Financial Data.
−Removed: In this Annual Report, we have elected to comply with the Securities and Exchange Commission's elimination of the requirement to present Selected Financial Data.
+Added: (i) the surrender to the Company of 4,079 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees, (ii) the purchase of 145 shares of common stock by the Trustee for assets held in a non-qualified employee profit-sharing plan trust, (iii) the purchase of 5,155,491 shares of common stock on the open market as part of our share repurchase program, of which 3,311,258 shares of common stock were purchased as part of our accelerated share repurchase agreement (the "ASR") as further described below, and (iv) the purchase of 8,775,008 shares of common stock in a privately negotiated transaction with ValueAct.
+Added: (2) In September 2021, our Board of Directors authorized a new share repurchase program effective September 9, 2021 through December 31, 2022.
+Added: The new share repurchase program authorizes the Company to repurchase up to $250.0 million of its common stock.
+Added: In December 2021, we entered into an ASR to repurchase $125.0 million of our common stock.
+Added: Approximately 3,311,258 shares repurchased as part of the ASR were delivered to us in January 2022, representing approximately 80% of the total notional value of the ASR.
+Added: The final number of shares to be repurchased will be based on Trinity's volume-weighted average stock price, less a discount, during the term of the ASR, which is expected to be completed during the third quarter of 2022.
+Added: The Company repurchased 5,155,491 shares under the share repurchase program during the three months ended December 31, 2021, at a cost of approximately $151.9 million.
+Added: As of December 31, 2021, the Company had a remaining authorization to repurchase up to $98.1 million of its common stock under the share repurchase program.
+Added: Approximately $73.1 million of the share repurchase program will remain after the completion of the ASR.
+Added: Shares repurchased as part of the ASR on December 31, 2021, totaling $100.0 million, were delivered to the Company in January 2022 in accordance with normal settlement practices.
+Added: The approximate dollar value of shares that were eligible to be repurchased under our share repurchase program is shown as of the end of such month or quarter.
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.