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 7, 2025, the closing price for the Common Stock on the Nasdaq Stock Market LLC was $160.28.
Record Holders
As of February 7, 2025, the approximate number of holders of record of Common Stock was 59. 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, 2024, 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, 2019 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, 2024:
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, 2024 504 $ 140.87 504 $ 92,895,219
February 1-29, 2024 35,618 $ 144.07 35,618 $ 89,872,019
March 1-31, 2024 — $ — — $ 89,872,019
First Quarter 36,122 36,122
April 1-30, 2024 72 $ 152.79 72 $ 95,300,929
May 1-31, 2024 — $ — — $ 95,300,929
June 1-30, 2024 — $ — — $ 95,300,929
Second Quarter 72 72
July 1-31, 2024 616 $ 180.78 616 $ 112,647,995
August 1-31, 2024 299 $ 173.19 299 $ 107,866,715
September 1-30, 2024 — $ — — $ 107,866,715
Third Quarter 915 915
October 1-31, 2024 272 $ 171.46 272 $ 106,742,594
November 1-30, 2024 241 $ 176.63 241 $ 109,918,615
December 1-31, 2024 1,300 $ 166.53 1,300 $ 103,418,864
Fourth Quarter 1,813 1,813
Total 38,922 38,922
(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 3,142,028 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, 2024. 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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