Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market Information
The Common Stock is listed on the Nasdaq Stock Market LLC under the symbol “BCPC.”
On February 2, 2024, the closing price for the Common Stock on the Nasdaq Stock Market LLC was $143.14.
Record Holders
As of February 2, 2024, the approximate number of holders of record of Common Stock was 64. Such number does not include stockholders who hold their stock in street name.
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Performance Graph
The graph below sets forth the cumulative total stockholder return on the Common Stock (referred to in the table as “BCPC”) for the five years ended December 31, 2023, the overall stock market return during such period for shares comprising the Russell 2000® Index (which we believe includes companies with market capitalization similar to that of us), and the overall stock market return during such period for shares comprising the Dow Jones U.S. Specialty Chemicals Index, in each case assuming a comparable initial investment of $100 on December 31, 2018 and the subsequent reinvestment of dividends. The Russell 2000® Index measures the performance of the shares of the 2000 smallest companies included in the Russell 3000® Index. In light of our industry segments, we do not believe that published industry-specific indices are necessarily representative of stocks comparable to us. Nevertheless, we consider the Dow Jones U.S. Specialty Chemicals Index to be potentially useful as a peer group index with respect to us. The performance of the Common Stock shown on the graph below is historical only and not necessarily indicative of future performance.
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Issuer Purchase of Equity Securities
The following table summarizes the share repurchase activity for the year ended December 31, 2023:
Total Number of Shares
Purchased (1)
Average Price Paid Per Share Total Number of Shares
Purchased as
Part of Publicly Announced
Programs (2)
Approximate Dollar Value of Shares that May Yet Be
Purchased Under the
Plans or Programs (2)(3)
January 1-31, 2023 1,343 $ 130.96 1,343 $ 90,512,611
February 1-28, 2023 26,766 $ 137.24 26,766 $ 91,178,224
March 1-31, 2023 — $ — — $ 91,178,224
First Quarter 28,109 28,109
April 1-30, 2023 — $ — — $ 91,178,224
May 1-31, 2023 504 $ 132.26 504 $ 87,807,402
June 1-30, 2023 63 $ 134.81 63 $ 89,488,765
Second Quarter 567 567
July 1-31, 2023 482 $ 128.54 482 $ 85,264,695
August 1-31, 2023 — $ — — $ 85,264,695
September 1-30, 2023 293 $ 134.00 293 $ 88,847,226
Third Quarter 775 775
October 1-31, 2023 — $ — — $ 88,847,226
November 1-30, 2023 241 $ 119.51 241 $ 79,211,236
December 1-31, 2023 2,866 $ 144.94 2,866 $ 95,651,484
Fourth Quarter 3,107 3,107
Total 32,558 32,558
(1) The Company repurchased (withheld) shares from employees solely in connection with the tax settlement of vested shares and/or exercised stock options under the Company's omnibus incentive plan.
(2) Our Board of Directors has approved a stock repurchase program. The total authorization under this program is 3,763,038 shares. Since the inception of the program in June 1999, a total of 3,103,106 shares have been repurchased. Other than shares withheld for tax purposes, as described in footnote 1 above, no share repurchases were made under the Company's stock repurchase program during the year ended December 31, 2023. There is no expiration for this program.
(3) Dollar amounts in this column equal the number of shares remaining available for repurchase under the stock repurchase program as of the last date of the applicable month multiplied by the monthly average price paid per share.
Item 6. [Reserved]
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