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 14, 2022, there were 971 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, 2021:
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, 2021 — $ — — 3,399,216
February 28, 2021 11,039 109.21 — 3,399,216
March 31, 2021 35,460 108.29 — 3,399,216
April 30, 2021 222 113.88 — 3,399,216
May 31, 2021 934 113.80 — 3,399,216
June 30, 2021 1,582 117.04 1,582 3,397,634
July 31, 2021 13,083 116.18 13,083 3,384,551
August 31, 2021 23,272 115.55 21,663 3,362,888
September 30, 2021 3,691 126.77 — 3,362,888
October 31, 2021 1,374 133.41 — 3,362,888
November 30, 2021 112 140.78 — 3,362,888
December 31, 2021 21,426 145.93 21,426 3,341,462
Total 112,195 $ 121.89 57,754 3,341,462
(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, 2021, the Company repurchased 51.7 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 $17.63 per share.
(2) During the year ended December 31, 2021, the Company redeemed 54,441 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) In April 2020, in light of uncertainty resulting from the COVID-19 pandemic, we temporarily suspended activity under the Company's share repurchase program. On May 7, 2021, the Company's board of directors approved resumption of the share repurchase program.
37
Table of Contents
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 December 31, 2016 to December 31, 2021.
12/16 6/17 12/17 6/18 12/18 6/19 12/19 6/20 12/20 6/21 12/21
Choice Hotels International, Inc. $ 100.00 $ 115.40 $ 140.24 $ 137.38 $ 130.81 $ 159.44 $ 190.88 $ 146.17 $ 197.72 $ 220.61 $ 290.04
NYSE Composite $ 100.00 $ 107.78 $ 118.73 $ 117.41 $ 108.10 $ 125.72 $ 135.68 $ 117.55 $ 145.16 $ 167.21 $ 175.18
S&P Hotels, Resorts & Cruise Lines $ 100.00 $ 126.67 $ 149.09 $ 136.69 $ 122.16 $ 150.93 $ 167.42 $ 82.80 $ 124.10 $ 137.71 $ 148.72
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
38
Table of Contents
Item 6. Selected Financial Data.
Reserved.