3 unchanged sentences
(c) Stock Repurchases
−Removed: The following table sets forth the shares repurchased by the Company during the quarter ended June 30, 2023:
+Added: The following table sets forth the shares repurchased by the Company during the quarter ended December 31, 2023:
Period Total No.
6 unchanged sentences
Total 12,330 $ 29.38 12,330 361,812
−Removed: (1) On February 24, 2021, the Company announced a plan to repurchase 415,970 shares of the Company's common stock.
−Removed: This repurchase program was terminated on July 25, 2023.
−Removed: On July 25, 2023 the Company announced the adoption of a new stock repurchase program.
−Removed: Under the new repurchase program, Timberland may repurchase up to 5% or the outstanding shares, or 404,708 shares.
−Removed: The new stock repurchase program replaces the existing stock repurchase program, which had 74,212 shares available to be repurchased.
−Removed: The July 2023 repurchase program does not have a set expiration date and will expire upon repurchase of the full amount of authorized shares.
−Removed: The repurchase program may be suspended, terminated or modified at any time for any reason, including market conditions, the cost of repurchasing shares, the availability of alternative investment opportunities, liquidity, and other factors deem appropriate.
+Added: (1) On July 25, 2023, the Company announced a new stock repurchase program to purchase 404,708 shares of the Company's common stock.
+Added: This marked the Company's 19th stock repurchase plan.
+Added: The new repurchase program does not have a set expiration date and will expire upon repurchase of the full amount of authorized shares.
+Added: Shares may be repurchased from time to time in the open market or in privately negotiated transactions based upon market conditions and available liquidity.
+Added: Cumulatively, since January 1998, the Company has repurchased 8,379,317 shares of its common stock at an average price of $9.98 per share.
+Added: The Company is subject to certain restrictions on its ability to repurchase its common stock.
+Added: The Company is required to give the Federal Reserve prior written notice of any purchase or redemption of its outstanding equity securities if the consideration for the purchase or redemption, when combined with the net consideration paid for all such purchases or redemptions during the preceding 12 months, is equal to 10% or more of its consolidated net worth.
+Added: The Federal Reserve may disapprove a purchase or redemption if it determines that the proposal would constitute an unsafe or unsound practice or would violate any law, regulation, Federal Reserve order, or any condition imposed by, or written agreement with, the Federal Reserve.
Defaults Upon Senior Securities
3 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.