Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: This table provides information with respect to purchases by the Company of shares of its common stock during the quarter ended June 30, 2022:
+Added: This table provides information with respect to purchases by the Company of shares of its common stock during the quarter ended September 30, 2022:
Period Number of Shares Purchased (1)
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(in millions)
−Removed: April 1, 2022 through April 30, 2022
+Added: July 1, 2022 through July 31, 2022
26,886 $ 25.60 25,000 $ 47.2
−Removed: May 1, 2022 through May 31, 2022
+Added: August 1, 2022 through August 31, 2022
76,109 $ 25.73 75,000 $ 45.3
−Removed: June 1, 2022 through June 30, 2022
+Added: September 1, 2022 through September 30, 2022
510,864 $ 22.62 510,000 $ 33.7
Total 613,859 610,000
−Removed: (1) These columns include the following transactions during the three months ended June 30, 2022:
−Removed: (i) the surrender to the Company of 216,912 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees, (ii) the purchase of 410 shares of common stock by the Trustee for assets held in a non-qualified employee profit sharing plan trust, and (iii) the purchase of 1,760,462 shares of common stock on the open market as part of our share repurchase program, of which 760,602 shares of common stock were purchased as part of the final settlement of the accelerated share repurchase agreement (the "ASR") as further described below.
+Added: (1) These columns include the following transactions during the three months ended September 30, 2022:
+Added: (i) the surrender to the Company of 3,666 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees, (ii) the purchase of 193 shares of common stock by the Trustee for assets held in a non-qualified employee profit sharing plan trust, and (iii) the purchase of 610,000 shares of common stock on the open market as part of our share repurchase program.
(2) In September 2021, our Board of Directors authorized a new share repurchase program effective September 9, 2021 through December 31, 2022.
3 unchanged sentences
The ASR was completed in April 2022.
−Removed: Shares repurchased during the three months ended June 30, 2022 totaled 1,760,462 shares, at a cost of approximately $50.3 million, which included 760,602 shares, at a cost of $25.0 million, representing the final settlement of the ASR.
−Removed: As of June 30, 2022, the Company had a remaining authorization to repurchase up to $47.8 million of its common stock under the share repurchase program.
−Removed: Certain shares of stock repurchased during June 2022, totaling $2.9 million, were cash settled in July 2022 in accordance with normal settlement practices.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.
+Added: Shares repurchased during the three months ended September 30, 2022 totaled 610,000 shares, at a cost of approximately $14.1 million.
+Added: As of September 30, 2022, the Company had a remaining authorization to repurchase up to $33.7 million of its common stock under the share repurchase program.
+Added: Certain shares of stock repurchased during September 2022, totaling $2.6 million, were cash settled in October 2022 in accordance with normal settlement practices.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.
Defaults Upon Senior Securities
2 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.