ESPEY MFG & ELECTRONICS CORP 10-K

Item 5. Market for the Registrant's Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities Price Range of Common Stock The table below shows the range of high and low prices for the Company's common stock on the NYSE American (symbol "ESP"), the principal market for trading in the common stock, for each quarterly period for the last two fiscal years ended June 30: 2021 High Low First Quarter $ 20.41 $ 15.97 Second Quarter 23.00 17.48 Third Quarter 20.80 14.49 Fourth Quarter 16.47 14.50 2020 High Low First Quarter $ 27.00 $ 23.25 Second Quarter 24.00 20.00 Third Quarter 22.90 16.62 Fourth Quarter 20.00 16.75 Holders The approximate number of holders of record of the common stock was 61 on September 20, 2021 according to records of the Company's transfer agent. Included in this number are shares held in "nominee" or "street" name and, therefore, the number of beneficial owners of the common stock is believed to be substantially in excess of the foregoing number. Dividends Effective March 9, 2021, the Company suspended the payment of regular quarterly dividends. The Company paid regular cash dividends on common stock of $0.50 per share for the fiscal year ended June 30, 2021 and paid regular cash dividends on common stock of $1.00 per share for the fiscal year ended June 30, 2020. Our Board of Directors assesses the Company’s dividend policy periodically. During fiscal year 2021, the Company sold 300,000 shares of its common stock to the Trustees of The Espey Mfg. & Electronics Corp. Employee Stock Ownership Plan Trust (the “ESOP”). The ESOP paid $18.29 per share, for an aggregate purchase price of $5,487,000. The ESOP borrowed from the Corporation an amount equal to the purchase price. The Company did not make any open market purchases of equity securities in the fiscal year 2021 fourth quarter. The following table sets forth information as of June 30, 2021 with respect to compensation plans under which equity securities of the Company may be issued. Equity Compensation Plan Information Number of securities to Weighted-average Number of Securities remaining be issued upon exercise exercise price of available for future issuance under of outstanding options, outstanding options, equity compensation plan (excluding Plan Category warrants and rights warrants and rights securities reflected in column (a)) (a) (b) (c) Equity compensation plans approved by 304,662 $ 23.37 212,988 security holders Equity compensation plans not approved by security holders — — Total 304,662 212,988 6