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 shares are traded on the New York Stock Exchange under the symbol "CHH". As of February 16, 2021, there were 1,018 holders of record of the Company’s common stock.
ISSUER PURCHASES OF EQUITY SECURITIES
The following table sets forth purchases and redemptions of the Company's common stock made by the Company during the year ended December 31, 2020:
Month Ending Total Number of
Shares Purchased
or Redeemed Average Price
Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1),(2)
Maximum Number of
Shares that may yet be
Purchased Under the Plans
or Programs, End of Period (3)
January 31, 2020 28,438 $ 100.60 18,353 3,928,894
February 29, 2020 79,841 100.52 5,978 3,922,916
March 31, 2020 548,752 78.70 523,700 3,399,216
April 30, 2020 5,630 71.04 — 3,399,216
May 31, 2020 895 71.26 — 3,399,216
June 30, 2020 — — — 3,399,216
July 31, 2020 250 85.27 — 3,399,216
August 31, 2020 5,122 94.84 — 3,399,216
September 30, 2020 2,132 93.04 — 3,399,216
October 31, 2020 996 89.78 — 3,399,216
November 30, 2020 1,029 97.42 — 3,399,216
December 31, 2020 942 108.38 — 3,399,216
Total 674,027 $ 82.39 548,031 3,399,216
(1) The Company’s share repurchase program was initially approved by the board of directors on June 25, 1998. The program has no fixed dollar amount or expiration date. Since the program's inception through December 31, 2020, the Company repurchased 51.6 million shares (including 33.0 million prior to the two-for-one stock split effected in October 2005) of common stock at a total cost of $1.5 billion. Considering the effect of the two-for-one stock split, the Company repurchased 84.6 million shares at an average price of $17.55 per share.
(2) During the year ended December 31, 2020, the Company redeemed 125,996 shares of common stock from employees to satisfy the option price and minimum tax-withholding requirements related to the exercising of options and vesting of performance vested restricted stock units and restricted stock grants. These redemptions were not part of the board repurchase authorization.
(3) On April 8, 2020, the Company adopted mitigation efforts to alleviate the impact of the COVID-19 pandemic on the business. As part of the mitigation efforts, the Company's management announced that no shares would be purchased under the Company’s share repurchase program until the impacts of the pandemic have subsided. We currently have no estimated time frame for when share repurchases may return.
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STOCKHOLDER RETURN PERFORMANCE
The graph below matches Choice Hotels International, Inc.'s cumulative 5-year total shareholder return on common stock with the cumulative total returns of the NYSE Composite index, the S&P Hotels, Resorts & Cruise Lines index, and a peer group. The graph tracks the performance of a $100 investment in our common stock and in each index (with the reinvestment of all dividends) from 12/31/2015 to 12/31/2020.
12/15 6/16 12/16 6/17 12/17 6/18 12/18 6/19 12/19 6/20 12/20
Choice Hotels International, Inc. $ 100.00 $ 95.24 $ 113.04 $ 130.46 $ 158.53 $ 155.30 $ 147.87 $ 180.24 $ 215.77 $ 165.23 $ 223.51
NYSE Composite $ 100.00 $ 104.90 $ 111.94 $ 120.65 $ 132.90 $ 131.43 $ 121.01 $ 140.72 $ 151.87 $ 131.58 $ 162.49
S&P Hotels, Resorts & Cruise Lines $ 100.00 $ 89.06 $ 107.52 $ 136.20 $ 160.30 $ 146.97 $ 131.34 $ 162.27 $ 180.01 $ 89.02 $ 133.43
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
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Item 6. Selected Financial Data.
Reserved.