2 unchanged sentences
In May 2021, the Company’s Board of Directors authorized a share repurchase program whereby the Company may repurchase up to an additional $15.0 million of the Company’s Class A common stock in the open market or in privately negotiated transactions.
+Added: The Board’s authorization does not obligate the Company to acquire any particular amount of Class A common stock.
The amount and timing of purchases under the share repurchase program authorized in May 2021 will depend on a number of factors, including the price and availability of the Company’s shares, trading volume, capital availability, Company performance and general economic and market conditions.
−Removed: The program can be suspended or discontinued at any time and expires when $15 million shares of Class A common stock have been repurchased or on December 31, 2022.
−Removed: During the three months ended June 30, 2021, the Company repurchased 288,130 shares of Class A common stock at a total cost of $8.3 million for an average price of $28.89 per share and $11.7 million was available for future repurchases under the current share repurchase program.
−Removed: As of June 30, 2021, a cumulative total of 3,757,662 shares of Class A common stock had been repurchased under programs authorized by the Company’s Board of Directors at a total cost of $63.3 million for an average price of $16.84 per share.
−Removed: The Board’s authorization does not obligate the Company to acquire any particular amount of Class A common stock, and may be modified, suspended or terminated at any time.
−Removed: The following table sets out information regarding purchases of equity securities by the Company for the three months ended June 30, 2021.
+Added: The program can be modified, suspended or discontinued at any time and expires when $15 million shares of Class A common stock have been repurchased or on December 31, 2022.
+Added: During the three months ended September 30, 2021, the Company repurchased 188,525 shares of Class A common stock at a total cost of $6.3 million for an average price of $33.29 per share and $5.4 million was available for future repurchases under the current share repurchase program.
+Added: As of September 30, 2021, a cumulative total of 3,946,187 shares of Class A common stock had been repurchased under programs authorized by the Company’s Board of Directors at a total cost of $69.6 million for an average price of $17.63 per share.
+Added: The following table sets out information regarding purchases of equity securities by the Company for the three months ended September 30, 2021.
Total Number of Shares
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(in millions)
−Removed: April 1-30, 2021
−Removed: May 1-31, 2021
−Removed: June 1-30, 2021
+Added: July 1-31, 2021
+Added: August 1-31, 2021
+Added: September 1-30, 2021
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.