Item 5. Market for Registrant’s Common Equity
ITEM 5. Market for Registrant’s Common Equity, Related Stockholder 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 4, 2021, there were approximately 65,900 stockholders of record of our common stock, which includes the actual number of holders registered on the books of the Company 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
On November 14, 2016, our Board of Directors authorized us to repurchase up to $1,000 million of our common stock pursuant to a stock repurchase program (the “Repurchase Program”). The Board of Directors approved increases of $500 million, $500 million and $1,000 million on November 8, 2017, July 30, 2018 and May 9, 2019, respectively, bringing the authorized total repurchases under the Repurchase Program to $3,000 million. The terms of the Repurchase Program provide that we may repurchase shares of our common stock, from time to time depending on market conditions and corporate needs, in the open market or through privately negotiated transactions in accordance with Rule 10b-18 of the Exchange Act. The Repurchase Program does not have an expiration date.
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, 2020:
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 Programs (1)
October 1 – October 31, 2020
287,083
$
38.30
287,083
$
845,105,989
November 1 – November 30, 2020
348,451
$
39.52
348,451
$
831,336,696
December 1 – December 31, 2020
105,832
$
41.37
105,832
$
826,958,805
Total
741,366
741,366
(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, 2015 in our common stock and each of the indices and that all dividends, if any, are reinvested.
As of
December 31,
2015
As of
December 31,
2016
As of
December 31,
2017
As of
December 31,
2018
As of
December 31,
2019
As of
December 31,
2020
Allison Transmission
Holdings, Inc.
$
100.00
$
133.07
$
172.93
$
178.71
$
199.25
$
181.14
S&P 500 Index
100.00
111.96
136.40
130.42
171.49
203.04
Peer Group
100.00
112.42
156.54
143.34
191.13
230.58
ITEM 6. Selected Financial Data
Omitted at Company’s option.
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