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 11, 2025, there were 841 holders of record of the Company’s common stock.
ISSUER PURCHASES OF EQUITY SECURITIES
The following table sets forth the purchases and redemptions of the Company's common stock made by the Company during the year ended December 31, 2024. Refer to the Liquidity and Capital Resources section of Item 7. Management's Discussion and Analysis of Financial Condition and Resulted of Operations for more information.
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)
Maximum
Number of Shares that
may yet be Purchased
Under the Plans or Programs,
End of Period
January 31, 2024 — $ — — 1,763,472
February 29, 2024 — — — 1,763,472
March 31, 2024 (2)
494,910 122.39 382,374 6,381,098
April 30, 2024 1,124,226 121.00 1,124,226 5,256,872
May 31, 2024 603,342 118.52 601,707 4,655,165
June 30, 2024 222,864 125.82 222,864 4,432,301
July 31, 2024 160,879 122.72 160,879 4,271,422
August 31, 2024 163,456 123.79 162,687 4,108,735
September 30, 2024 128,594 129.97 128,594 3,980,141
October 31, 2024 82,074 133.01 81,570 3,898,571
November 30, 2024 34,301 145.54 34,301 3,864,270
December 31, 2024 92,300 145.64 87,143 3,777,127
Total 3,106,946 $ 122.99 2,986,345 3,777,127
(1) During the year ended December 31, 2024, the Company redeemed 120,601 shares of common stock from employees to satisfy the option price and the minimum tax-withholding requirements related to the exercising of options and the vesting of performance vested restricted stock units and restricted stock grants. These redemptions were not part of the share repurchase program.
(2) On March 11, 2024, the Company's board of directors approved an increase of 5.0 million shares in the number of shares authorized to be repurchased under its share repurchase program.
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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 500 Hotels, Resorts & Cruise Lines index, and the S&P 400 Consumer Discretionary index. 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, 2019 to December 31, 2024.
12/31/19 6/30/20 12/31/20 6/30/21 12/31/21 6/30/22 12/31/22 6/30/23 12/31/23 6/30/24 12/31/24
Choice Hotels International, Inc. $ 100.00 $ 76.58 $ 103.59 $ 115.58 $ 151.95 $ 109.32 $ 110.78 $ 115.87 $ 112.53 $ 118.46 $ 142.00
NYSE Composite $ 100.00 $ 86.64 $ 106.99 $ 123.24 $ 129.11 $ 110.32 $ 117.04 $ 123.96 $ 133.16 $ 144.09 $ 154.19
S&P 500 Hotels, Resorts & Cruise Lines $ 100.00 $ 49.45 $ 74.12 $ 82.26 $ 88.83 $ 60.21 $ 67.29 $ 92.75 $ 111.92 $ 123.92 $ 147.93
S&P 400 Consumer Discretionary $ 100.00 $ 94.02 $ 130.99 $ 163.95 $ 167.26 $ 119.07 $ 132.09 $ 148.05 $ 164.16 $ 170.99 $ 179.62
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
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Item 6. Reserved