6 unchanged sentences
The following Performance Graph and related information shall not be deemed “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except to the extent that the Company specifically incorporates it by reference into such filing.
−Removed: The following graph compares our cumulative total stockholder return (assuming reinvestment of dividends) during the five-year period ended December 31, 2021 with an overall stock market index (New York Stock Exchange Composite Index) and our peer group index (Dow Jones US Commercial Vehicles & Trucks Index).
−Removed: 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 beginning in 2018.
+Added: The following graph compares our cumulative total stockholder return (assuming reinvestment of dividends) during the five-year period ended December 31, 2022 with an overall stock market index (New York Stock Exchange Composite Index) and our relevant peer group indexes (the Dow Jones US Commercial Vehicles & Trucks Index and the S&P 600 Machinery Index).
+Added: The S&P MidCap 400 is included as we believe it is a meaningful data point as the Company's common stock was included in this index.
+Added: Additionally, the S&P MidCap 400 was used in measuring the Company's relative total stockholder return for purposes of determining the performance of certain stock awards granted beginning in 2018.
+Added: In 2022, the Company was moved from the S&P MidCap 400 Index to the S&P SmallCap 600 Index;
+Added: therefore, we have shown both the S&P MidCap 400 Index and the S&P SmallCap 600 Index in the following graph.
The data in the graph assumes $100 was invested on December 31, 2017.
6 unchanged sentences
New York Stock Exchange Composite Index 100 91 115 123 148 134
+Added: S&P 600 Machinery Index 100 81 102 117 140 132
S&P MidCap 400 100 89 112 128 159 138
+Added: S&P SmallCap 600 100 92 112 125 159 133
Issuer Purchases of Equity Securities
13 unchanged sentences
(1) These columns include the following transactions during the three months ended December 31, 2022:
−Removed: (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.
−Removed: (2) In September 2021, our Board of Directors authorized a new share repurchase program effective September 9, 2021 through December 31, 2022.
+Added: (i) the surrender to the Company of 3,318 shares of common stock to satisfy tax withholding obligations in connection with the vesting of restricted stock issued to employees, (ii) the purchase of 169 shares of common stock by the Trustee for assets held in a non-qualified employee profit-sharing plan trust, and (iii) the purchase of 427,383 shares of common stock on the open market as part of our share repurchase program.
+Added: (2) In September 2021, our Board of Directors authorized a share repurchase program effective September 9, 2021 through December 31, 2022.
+Added: The share repurchase program authorized the Company to repurchase up to $250.0 million of its common stock.
+Added: Shares repurchased during the three months ended December 31, 2022 totaled 427,383 shares, at a cost of approximately $12.4 million.
+Added: Our Board of Directors terminated this share repurchase program effective December 8, 2022, and the remaining authorization of $21.3 million under this program expired unused.
+Added: In December 2022, our Board of Directors authorized a new share repurchase program effective December 9, 2022 with no expiration.
The new share repurchase program authorizes the Company to repurchase up to $250 million of its common stock.
−Removed: In December 2021, we entered into an ASR to repurchase $125.0 million of our common stock.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: 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.
−Removed: Approximately $73.1 million of the share repurchase program will remain after the completion of the ASR.
−Removed: 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: There were no shares repurchased under the new share repurchase program during the three months ended December 31, 2022.
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.