−Removed: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
+Added: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of
+Added: Equity Securities
Market Information and Dividends
7 unchanged sentences
Period Total Number of Shares Purchased Average
−Removed: Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
+Added: Price Paid per Share (2)
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs ( 1)
Maximum Dollar Amount of Shares That May Yet Be Purchased Under the Plans or Programs (1)(2)
October 1, 2023 – October 31, 2023
+Added: 176,000 $ 93.40 176,000 $ 459,314,827
November 1, 2023 – November 30, 2023
+Added: 134,000 $ 79.55 134,000 $ 448,655,123
December 1, 2023 – December 31, 2023
−Removed: Total 1,239,097 $ 139.90 1,239,097 $ 270,489,176
121,000 $ 83.15 121,000 $ 438,594,526
+Added: Total 431,000 $ 86.22 431,000 $ 438,594,526
(1) On September 13, 2021, our Board of Directors authorized a share repurchase program under which we were authorized to purchase shares of our common stock for an aggregate purchase price not to exceed $250 million, prior to December 31, 2022.
−Removed: On February 22, 2022, we announced that our Board of Directors authorized the repurchase of up to an additional $300 million of our common stock, and extended the term of our existing share repurchase program to March 31, 2023.
−Removed: On August 1, 2022, we announced that our Board of Directors authorized the repurchase of up to an additional $500 million of our common stock and extended the term of our existing share repurchase program to June 30, 2023.
+Added: On February 22, 2022, we announced that our Board of Directors authorized the repurchase of up to an additional $300 million of our common stock and extended the term of our share repurchase program to March 31, 2023.
+Added: On August 1, 2022, we announced that our Board of Directors authorized the repurchase of up to an additional $500 million of our common stock and extended the term of our share repurchase program to June 30, 2023.
+Added: On May 11, 2023, we announced that our Board of Directors increased the then-remaining authorization to authorize purchases of up to $600 million of our common stock and extended the term of our share repurchase program to December 31, 2024.
+Added: (2) The Inflation Reduction Act of 2022 imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022.
+Added: See Footnote 17 “Stockholders' Equity” to our Financial Statements for further information.
+Added: All dollar amounts presented exclude such excise tax, as applicable.
Performance Graph
−Removed: The above graph compares the relative performance of our common stock, the S&P MidCap 400 Index (which has included our common stock since the acquisition of ILG), and the S&P Composite 1500 Hotels, Resorts & Cruise Lines Index.
+Added: The above graph compares the relative performance of our common stock, the S&P MidCap 400 Index (which has included our common stock since our acquisition of ILG), and the S&P Composite 1500 Hotels, Resorts & Cruise Lines Index.
The graph assumes that $100 was invested in our common stock and each index on December 31, 2018.
The stock price performance reflected above is not necessarily indicative of future stock price performance.
−Removed: The foregoing performance graph is being furnished as part of this Annual Report solely in accordance with the requirement under Rule 14a-3(b)(9) to furnish our shareholders with such information, and therefore, shall not be deemed to be filed or incorporated by reference into any filings by the Company under the Securities Act of 1933, as amended, or the Exchange Act.
+Added: The foregoing performance graph is being furnished as part of this Annual Report solely in accordance with the requirement under Rule 14a-3(b)(9) to furnish our stockholders with such information, and therefore, shall not be deemed to be filed or incorporated by reference into any filings by the Company under the Securities Act of 1933, as amended, or the Exchange Act.
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.