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
Our common stock is traded on the New York Stock Exchange under the symbol BW.
As of January 31, 2022, there were approximately 950 record holders of our common stock.
In accordance with the provisions of the employee benefit plans, the Company acquired the following shares in connection with the vesting of employee restricted stock that require us to withhold shares to satisfy employee statutory income tax withholding obligations. The following table identifies the number of common shares and average price per share for each month during the quarter ended December 31, 2021. The Company does not have a general share repurchase program at this time.
(data in whole amounts)
Period Total number of shares acquired (1)
Average price per share Total number of shares purchased as part of
publicly announced plans or programs Approximate dollar value of shares that may yet be
purchased under the plans or programs
October 2021 — $ — — $ —
November 2021 13,150 $ 6.21 — $ —
December 2021 — $ — — $ —
Total 13,150 $ 6.21 — $ —
(1) Acquired shares are recorded in treasury stock in our Consolidated Balance Sheets.
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The following graph provides a comparison of our cumulative total shareholder return over five years through December 31, 2021 to the return of the S&P 500, the Russell 2000 and our custom peer group.
(1) Assumes initial investment of $100 on December 31, 2016.
The peer group used for the comparison above is comprised of the following companies:
AMETEK Inc. Curtiss-Wright Corp. Idex Corp.
CECO Environmental Corp. Dycom Industries Inc. MasTec Inc.
Chart Industries Inc. Enerpac Tool Group Corp. Primoris Services Corp.
CIRCOR Int. Inc. Flowserve Corp. SPX Corp.
Crane Co. Harsco Corp. Tetra Tech, Inc.
Unregistered Sales of Equity Securities
On June 1, 2021, the Company and B. Riley, a related party, entered into an agreement pursuant to which we (i) issued B. Riley 2,916,880 shares of our Preferred Stock, representing an exchange price of $25.00 per share and paid $0.4 million in cash, and (ii) paid $0.9 million in cash to B. Riley for accrued interest due, in exchange for a deemed prepayment of $73.3 million of our then existing term loans with B. Riley under the Company’s prior A&R Credit Agreement (the “A&R Credit Agreement”). The shares of Preferred Stock issued to B. Riley in the exchange were offered pursuant to the exemption from registration under the Securities Act in Rule 506 of Regulation D under Section 4(a)(2) thereof.
Item 6. [Reserved]
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.