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The following performance graph and related information shall not be deemed “soliciting material” or to be “filed” with the Securities and Exchange Commission, nor shall such information be incorporated by reference to any future filings under the Securities Act of 1933 and the Securities Exchange Act of 1934, each as amended, except to the extent that Wabtec specifically incorporates it by reference into such filing.
−Removed: The graph below compares the total stockholder return through December 31, 2021, of Wabtec’s common stock to (i) the S&P 500 and (ii) our peer group of manufacturing companies which consists of the following publicly traded companies:
−Removed: AGCO, AMETEK, CSX, Cummins, Dover, Emerson Electric, Fortive, Howmet Aerospace, Illinois Tool Works, Norfolk Southern, Oshkosh, Parker-Hannifin, Rockwell Automation, Terex, Textron, The Greenbrier Companies, Trinity Industries, and Xylem.
+Added: The graph below compares the total stockholder return through December 31, 2022, of Wabtec’s common stock to (i) the S&P 500, (ii) the S&P 500 Industrials and, (iii) our peer group of manufacturing companies which consists of the following publicly traded companies:
+Added: AGCO, AMETEK, Arconic, Borg Warner, CSX, Dover, Emerson Electric, Fortive, Greenbrier Companies, Illinois Tool Works, Ingersoll-Rand, Norfolk Southern, Oshkosh, Parker-Hannifin, Rockwell Automation, Terex, Textron, Trinity Industries, and Xylem.
Issuer Purchases of Common Stock
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Total quarter ended December 31, 2022 760,235 $ 96.48 760,235 $ 322
−Removed: (1) On February 10, 2022, the Board of Directors increased its stock repurchase authorization to increase the amount available for stock repurchases to $750 million of the Company’s outstanding shares.
−Removed: This new stock repurchase authorization supersedes the previous authorization of $500 million, of which $151 million remained at the reauthorization date.
−Removed: No time limit was set for the completion of the program which conforms to the requirements under the Senior Credit Facility and the Senior Notes currently outstanding.
+Added: (1) As of December 31, 2022, approximately $322 million was remaining under the stock repurchase plan.
+Added: On February 14, 2023, the Board of Directors reauthorized its stock repurchase program to refresh the amount available for stock repurchases to $750 million of the Company’s outstanding shares.
+Added: This new stock repurchase authorization supersedes the previous authorization of $750 million, of which approximately $232 million remained at the reauthorization date.
+Added: No time limit was set for the completion of the program which conforms to the requirements under the Restated Credit Agreement and the indentures for the Senior Notes currently outstanding.
The Company may repurchase shares in the future at any time, depending upon market conditions, our capital needs and other factors.
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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.