26 unchanged sentences
Under this 2007 Plan, a total of 2,800,000 shares were authorized for stock-based compensation available in the form of either restricted stock awards (“RSAs”) or stock options.
−Removed: The RSAs are subject to service-based vesting, typically between one and four years, where a specific period of continued employment must pass before an award vests.
+Added: The RSAs are subject to service-based vesting, typically between one and four years, in which a specific period of continued employment must pass before an award vests.
The expense associated with these awards is recognized on a straight-line basis over the respective vesting period, with forfeitures accounted for as they occur.
4 unchanged sentences
In November 2021, the 2018 Plan was amended and restated as the 2021 Stock Incentive Plan (the “2021 Plan”) to increase the number of shares reserved for issuance under the 2021 Plan by 1,000,000 shares.
−Removed: The RSAs are subject to service-based vesting, typically between one and four years, where a specific period of continued employment must pass before an award vests.
+Added: The RSAs are subject to either service-based vesting, which is typically between one and four years, in which a specific period of continued employment must pass before an award vests, or performance-based vesting, which is typically over one year.
The expense associated with these awards is recognized on a straight-line basis over the respective vesting period, with forfeitures accounted for as they occur.
2 unchanged sentences
The fair value of the restricted stock awards equaled the stock price at the grant date.
−Removed: Effective December 31, 2018, the Board of Directors approved the renewal of the existing common stock repurchase plan extending the plan through December 31, 2020 and amending the plan to allow for repurchases of up to $60.0 million of the
−Removed: Company’s common stock until such date.
−Removed: Effective December 31, 2020, the Board of Directors approved the renewal of the existing common stock repurchase plan extending the plan through December 31, 2022.
+Added: At its October 26, 2022 meeting, the Board of Directors approved the renewal of the existing common stock repurchase plan which allows for repurchases of up to $60.0 million of the Company's common stock, extending the plan through December 31, 2024.
Repurchased shares are immediately retired.
5 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.