Item 5. Market for Registrant’s Common Equity
ITEM 5. Market for Registrant’s Common Equity, Related Stoc kholder Matters and Issuer Purchases of Equity Securities
Market Information
Our common stock is listed on the NYSE under the symbol “ALSN.”
Holders
As of February 1, 2024, there were approximately 130,952 stockholders of record of our common stock, which includes the actual number of holders registered on our books and holders of shares in “street name” or persons, partnerships, associations, corporations or other entities identified in security position listings maintained by depositories.
Unregistered Sales of Equity Securities
During the period covered by this Annual Report on Form 10-K, we did not offer or sell any equity securities that were not registered under the Securities Act of 1933, as amended (the “Securities Act”).
Issuer Purchases of Equity Securities
Our current stock repurchase program (the "Repurchase Program") was authorized by the Board of Directors in 2016, with increases approved by the Board of Directors on each of November 8, 2017, July 30, 2018, May 9, 2019 and February 24, 2022, which in the aggregate authorized total repurchases of up to $4,000 million in shares of our common stock. The Repurchase Program has no termination date, and the timing and amount of stock purchases are subject to market conditions and corporate needs. The Repurchase Program may be modified, suspended or discontinued at any time at our discretion.
The following table sets forth information related to our repurchase of our common stock on a monthly basis in the three months ended December 31, 2023:
Total Number
of Shares
Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased
as Part of
Publicly
Announced
Programs (1)
Approximate
Dollar Value of
Shares that May
Yet Be Purchased
Under the Plans or Programs (1)
October 1 – October 31, 2023
383,042
$
54.21
383,042
$
857,356,552
November 1 – November 30, 2023
1,051,931
52.92
1,051,931
801,693,372
December 1 – December 31, 2023
514,441
56.37
514,441
772,694,727
Total
1,949,414
54.08
1,949,414
(1) These values reflect repurchases made under the Repurchase Program.
Issuances Under Equity Compensation Plans
For information regarding the securities authorized for issuance under our equity compensation plans, see Part III, Item 12. of this Annual Report on Form 10-K.
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Comparative Stock Performance Graph
The information included under the heading “Comparative Stock Performance Graph” in this Item 5. of Part II of this Annual Report on Form 10-K shall not be deemed to be “soliciting material” or subject to Regulation 14A or 14C, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act.
Set forth below is a graph comparing the total cumulative returns of ALSN, the S&P 500 Index and an index of peer companies selected by us. Our peer group includes Donaldson Company, Inc., Graco Inc., Roper Technologies, Inc., Gentex Corporation, Rockwell Automation, Inc. and Sensata Technologies Holding PLC. The graph assumes $100 was invested on December 31, 2018 in our common stock and each of the indices and that all dividends, if any, are reinvested.
As of
December 31,
2018
As of
December 31,
2019
As of
December 31,
2020
As of
December 31,
2021
As of
December 31,
2022
As of
December 31,
2023
Allison Transmission
Holdings, Inc.
$
100.00
$
111.49
$
101.36
$
87.09
$
101.76
$
144.77
S&P 500 Index
100.00
131.49
155.68
200.37
164.08
207.21
Peer Group
100.00
133.32
160.82
193.58
159.43
196.09
ITEM 6. [ R ESER VED]
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