4 unchanged sentences
Shareholder Return Performance
−Removed: The following graph compares the cumulative five-year total shareholder return attained by holders of our Common stock and Class B common stock relative to the cumulative total returns of the Russell 2000 index, the S&P MidCap 400 index, the S&P 500 index, and the S&P 400 Industrials index.
+Added: The following graph compares the cumulative five-year total shareholder return attained by holders of our common stock relative to the cumulative total returns of the Russell 2000 index, the S&P MidCap 400 index, the S&P 500 index, and the S&P 400 Industrials index.
Given our position as the largest distributor of HVAC/R equipment, parts and supplies in North America, our unique, sole line of business, the nature of our customers (air conditioning and heating contractors), and the products and markets we serve, we cannot reasonably identify an appropriate peer group;
5 unchanged sentences
S&P 500 Index
−Removed: S&P 400 Industrials
+Added: S&P 400 Industrials Index
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
13 unchanged sentences
December 1, 2024 to December 31, 2024
−Removed: During the quarter ended December 31, 2023, we repurchased an aggregate of 505 shares of our Class B common stock to satisfy the tax withholding obligations in connection with the vesting of restricted stock.
+Added: During the quarter ended December 31, 2024, we purchased an aggregate of 72,219 shares of our common stock to satisfy the tax withholding obligations in connection with the vesting of restricted stock.
In September 1999, our Board of Directors authorized the repurchase, at management’s discretion, of up to 7,500,000 shares of common stock in the open market or via private transactions.
No shares were repurchased under this plan during 2024, 2023 or 2022.
−Removed: In aggregate, 6,370,913 shares of Common and Class B common stock have been repurchased at a cost of $114.4 million since the inception of this plan.
+Added: In aggregate, 6,370,913 shares of common stock have been repurchased at a cost of $114.4 million since the inception of this plan.
At December 31, 2024, there were 1,129,087 shares remaining authorized for repurchase under this plan.
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.