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
Market Information
Our common stock is listed on the Nasdaq Global Market under the symbol “FORM.” As of February 14, 2022, there were 123 registered holders of record of our common stock.
Dividends
No cash dividends have been declared on shares of our common stock, and the Company currently does not intend to pay dividends in the future.
Repurchase of Common Stock
In October 2020, our Board of Directors authorized a program to repurchase up to $50.0 million of outstanding common stock to offset potential dilution from issuances of our common stock under our employee stock purchase plan and equity incentive plan. Under the authorized stock repurchase program, we may repurchase shares from time to time on the open market. The pace of repurchase activity will depend on levels of cash generation, the Company's current stock price and other factors. The program may be modified or discontinued at any time. The share repurchase program will expire on October 28, 2022.
The following table provides information as of December 25, 2021 with respect to the shares of common stock repurchased during the fourth quarter of fiscal 2021 pursuant to the foregoing Board authorization.
Period (fiscal months) Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Amount that May Yet Be Purchased Under the Plans or Programs
September 26, 2021 - October 23, 2021 200 $ 33.00 200 $ 26,042,818
October 24, 2021 - November 20, 2021 — — — 26,042,818
November 21, 2021 - December 25, 2021 2,000 40.00 2,000 25,962,818
2,200 $ 39.36 2,200 25,962,818
23
Stock Price Performance Graph
The following graph shows the total stockholder return of an investment of $100 in cash on December 31, 2016 through December 25, 2021 for (1) our common stock, (2) the S&P 500 Index and (3) the RDG Semiconductor Composite Index. All values assume reinvestment of the full amount of all dividends. Stockholder returns over the indicated period are based on historical data and are not necessarily indicative of future stockholder returns.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*
Among FormFactor, Inc., the S&P 500 Index, and the RDG Semiconductor Composite Index
*$100 invested on December 31, 2016 in stock or index, including reinvestment of dividends.
Cumulative Total Return
December 31, 2016 December 30, 2017 December 29, 2018 December 28, 2019 December 26, 2020 December 25, 2021
FormFactor, Inc. $ 100.00 $ 139.73 $ 125.09 $ 232.50 $ 380.18 $ 397.41
S&P 500 100.00 121.83 116.49 153.17 181.35 233.41
RDG Semiconductor Composite 100.00 135.72 126.17 186.57 271.57 413.36
Item 6: [Reserved]
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