| Common and Preferred Shares Authorized, Issued and Outstanding and Related Activity |
The Company’s authorized common stock and nonvoting participating preferred stock, $0.01 par value, (“Preferred”) consisted of the following:
|
|
|
December 31,
2020 |
|
|
December 31,
2019 |
|
|
Common Stock |
|
|
500,000,000 |
|
|
|
500,000,000 |
|
|
Nonvoting Participating Preferred Stock |
|
|
|
|
|
|
|
|
|
Series A Preferred |
|
|
— |
|
|
|
20,000,000 |
|
|
Series B Preferred |
|
|
— |
|
|
|
150,000,000 |
|
|
Series C Preferred |
|
|
— |
|
|
|
6,000,000 |
|
|
Series D Preferred |
|
|
— |
|
|
|
20,000,000 |
|
The Company’s common and preferred shares issued and outstanding and related activity consist of the following:
|
|
|
Shares Issued |
|
|
Shares Outstanding |
|
|
|
|
Common
Shares |
|
|
Treasury
Common
Shares |
|
|
Series B
Preferred |
|
|
Series C
Preferred |
|
|
Common
Shares |
|
|
Series B
Preferred |
|
|
Series C
Preferred |
|
|
December 31, 2017 |
|
|
171,252,185 |
|
|
|
(11,275,070 |
) |
|
|
823,188 |
|
|
|
246,522 |
|
|
|
159,977,115 |
|
|
|
823,188 |
|
|
|
246,522 |
|
|
Shares repurchased |
|
|
— |
|
|
|
(3,511,603 |
) |
|
|
— |
|
|
|
— |
|
|
|
(3,511,603 |
) |
|
|
— |
|
|
|
— |
|
|
Net issuance of common shares related to
employee stock transactions |
|
|
— |
|
|
|
1,087,989 |
|
|
|
— |
|
|
|
— |
|
|
|
1,087,989 |
|
|
|
— |
|
|
|
— |
|
|
PNC LTIP capital contribution |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(103,064 |
) |
|
|
— |
|
|
|
— |
|
|
|
(103,064 |
) |
|
December 31, 2018 |
|
|
171,252,185 |
|
|
|
(13,698,684 |
) |
|
|
823,188 |
|
|
|
143,458 |
|
|
|
157,553,501 |
|
|
|
823,188 |
|
|
|
143,458 |
|
|
Shares repurchased |
|
|
— |
|
|
|
(4,018,905 |
) |
|
|
— |
|
|
|
— |
|
|
|
(4,018,905 |
) |
|
|
— |
|
|
|
— |
|
|
Net issuance of common shares related to
employee stock transactions |
|
|
— |
|
|
|
841,184 |
|
|
|
— |
|
|
|
— |
|
|
|
841,184 |
|
|
|
— |
|
|
|
— |
|
|
PNC LTIP capital contribution |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(143,458 |
) |
|
|
— |
|
|
|
— |
|
|
|
(143,458 |
) |
|
December 31, 2019 |
|
|
171,252,185 |
|
|
|
(16,876,405 |
) |
|
|
823,188 |
|
|
|
— |
|
|
|
154,375,780 |
|
|
|
823,188 |
|
|
|
— |
|
|
Shares repurchased |
|
|
— |
|
|
|
(3,445,554 |
) |
|
|
— |
|
|
|
— |
|
|
|
(3,445,554 |
) |
|
|
— |
|
|
|
— |
|
|
Net issuance of common shares related to
employee stock transactions |
|
|
— |
|
|
|
779,471 |
|
|
|
— |
|
|
|
— |
|
|
|
779,471 |
|
|
|
— |
|
|
|
— |
|
|
Exchange of preferred shares
series B for common shares |
|
|
823,188 |
|
|
|
— |
|
|
|
(823,188 |
) |
|
|
— |
|
|
|
823,188 |
|
|
|
(823,188 |
) |
|
|
— |
|
|
December 31, 2020 |
|
|
172,075,373 |
|
|
|
(19,542,488 |
) |
|
|
— |
|
|
|
— |
|
|
|
152,532,885 |
|
|
|
— |
|
|
|
— |
|
|