12 unchanged sentences
S&P 500 100.00 95.61 125.70 148.81 191.48 156.77
−Removed: The information under “Performance Graph” is not deemed to be “filed” with the SEC and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent specifically incorporated by reference into such a filing.
2022 Form 10-K
+Added: The information under “Performance Graph” is not deemed to be “filed” with the SEC and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent specifically incorporated by reference into such a filing.
Issuer Repurchase of Equity Securities
3 unchanged sentences
Average Price
−Removed: Share Total Number of Shares Purchased as Part of Publicly Announced Plans (2)
−Removed: Maximum Number of Shares that May Yet Be Purchased
−Removed: Under the Plans (2)
+Added: Share Total Number of Shares
+Added: Purchased as Part of
+Added: Publicly Announced
+Added: Plans (2) (3)
+Added: Maximum Number of
+Added: Shares that May Yet Be
+Added: Purchased Under the Plans (3)
October 1, 2022 to October 31, 2022 1,220 $ 10.95 — 25,000,000
2 unchanged sentences
Total 9,343 $ 11.76 —
−Removed: (1) Includes repurchases made in connection with the vesting of employee stock awards.
+Added: (1) Includes repurchases made in connection with the vesting of employee restricted stock awards.
(2) On January 17, 2007, Valley publicly announced its intention to repurchase up to 4.7 million outstanding common shares in the open market or in privately negotiated transactions.
−Removed: The repurchase plan has no stated expiration date.
−Removed: No repurchase plans or programs expired or terminated during the three months ended December 31, 2021.
+Added: On April 26, 2022, Valley terminated its 2007 stock repurchase plan.
+Added: (3) On April 26, 2022, Valley publicly announced a stock repurchase program for up to 25 million shares of Valley common stock.
+Added: The authorization to repurchase will expire on April 25, 2024.
+Added: Recent Stock Issuance.
+Added: On October 8, 2021, Valley acquired certain subsidiaries of Dudley Ventures, LLC (See Note 2 to the consolidated financial statements).
+Added: Per the terms of the merger agreement, we subsequently issued 327,083 shares of our common stock to the two former principals of Dudley Ventures on February 8, 2023 as partial consideration for the transaction.
+Added: The value of the issued shares amounted to approximately $3.75 million.
+Added: The shares were issued pursuant to and in accordance with exemption from registration under Section 4(a)(2) of the Securities Act for transactions by an issuer not involving a public offering.
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.