5 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: An aggregate of 5,680,045 shares of our common stock have been authorized to be repurchased under a share repurchase program since it was initially approved in 2010 by our Board of Directors.
+Added: An aggregate of 5,680,045 shares of our common stock have been authorized to be repurchased under a share repurchase program, initially approved in 2010 by our Board of Directors.
As of December 31, 2024, 403,312 shares remained available for repurchase.
−Removed: Under the terms of the program, we may repurchase shares of our common stock from time to time at our discretion through open market repurchases, privately negotiated transactions and/or other mechanisms, depending on price, prevailing market and business conditions, tax and other financial considerations.
+Added: Under the terms of the program, we may repurchase shares of our common stock from time to time at our discretion through open market repurchases, privately negotiated transactions and/or other mechanisms, depending on price, prevailing market and business conditions.
The program, which has no specified term, may be suspended or terminated at any time.
7 unchanged sentences
(1) Average price paid per share is calculated on a settlement basis and excludes commissions and taxes.
−Removed: (2) The share repurchases were completed pursuant to a program announced in the fourth quarter of 2010 and most recently increased in May 2022.
−Removed: This repurchase program is not subject to an expiration date.
Unregistered Sales of Equity Securities
3 unchanged sentences
Stock Performance Graph
−Removed: Cumulative Total Return Among Virtus, S&P 500 Index and Peer Companies
−Removed: The following graph compares the cumulative total shareholder return of Virtus since its inception with the performance of the Standard & Poor’s 500 ("S&P 500") Stock Index and a peer group index that consists of several peer companies (referred to as the "Financial Peer Group") as defined below.
−Removed: This graph assumes an equal investment in our common stock, the S&P 500 and the Financial Peer Group on January 2, 2009, reflects reinvested dividends, and is weighted on a market capitalization basis.
+Added: The following graphs compare the five-year and since inception cumulative total shareholder return ("TSR") of the Company with the performance of the Standard & Poor’s 500 ("S&P 500") Stock Index and a peer group index that consists of several peer companies (referred to as the "Financial Peer Group") as defined below.
+Added: The graphs assume an equal investment in our common stock, the S&P 500 and the Financial Peer Group on December 31, 2019 (five-year TSR) and January 2, 2009 (since inception TSR), respectively, reflect reinvested dividends, and are weighted on a market capitalization basis.
Each reported data point below represents the last trading day of each calendar year.
−Removed: comparisons in the graph below are based upon historical data and are not indicative of, nor intended to forecast, future performance.
+Added: The comparisons in the graphs below are based upon historical data and are not indicative of, nor intended to forecast, future performance.
+Added: Five-year TSR Among Virtus, S&P 500 Index and Financial Peer Group
+Added: Since Inception TSR Among Virtus, S&P 500 Index and Financial Peer Group
Financial Peer Group:
−Removed: Affiliated Managers Group, Inc., AllianceBernstein Holding L.P., Artisan Partners Asset Management Inc.*, BrightSphere Investment Group Inc.*, Cohen & Steers, Inc., Federated Hermes, Inc., Franklin Resources, Inc., Invesco Ltd., Janus Henderson Group Plc*, T.
+Added: Affiliated Managers Group, Inc., AllianceBernstein Holding L.P., Artisan Partners Asset Management Inc.*, Acadian Asset Management Inc.
+Added: (formerly BrightSphere Investment Group Inc.)*, Cohen & Steers, Inc., Federated Hermes, Inc., Franklin Resources, Inc., Invesco Ltd., Janus Henderson Group Plc*, T.
Rowe Price Group, Inc.
and Victory Capital Holdings, Inc.*
−Removed: *Companies excluded from the cumulative total return table due to lack of comparative performance periods.
+Added: *Companies excluded from the since inception TSR table due to lack of comparative performance periods.
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.