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
The Company's Class A common stock is traded on the New York Stock Exchange under the ticker symbol “HY.” There is no established public trading market for the Company's Class B common stock, and no alternative trading or quotation system for the Company's Class B common stock has been or is expected to be established. The Class B common stock is convertible into Class A common stock on a one-for-one basis.
At December 31, 2024, there were approximately 794 Class A common stockholders of record and 836 Class B common stockholders of record.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
Issuer Purchases of Equity Securities
Period (a)
Total Number of Shares Purchased (b)
Average Price Paid per Share (1)
(c)
Total Number of Shares Purchased as Part of the Publicly Announced Program (d)
Maximum Number of Shares (or Approximate Dollar Value) that May Yet Be Purchased Under the Program (2)
Month #1
(October 1, 2024 - October 31, 2024) — $ — — $ 50,000,000
Month #2
(November 1, 2024 -November 30, 2024) 32,202 $ 55.64 32,202 $ 48,208,152
Month #3
(December 1, 2024 - December 31, 2024) 57,027 $ 54.68 89,229 $ 45,089,883
Total 89,229 $ 55.03 89,229 $ 45,089,883
(1) Average Price Paid per Share excludes commissions.
(2) On November 18, 2024, the Company’s Board of Directors announced the approval of a stock repurchase program, pursuant to which the Company may repurchase up to $50 million or 1.5 million shares, whichever comes first, of the Company’s Class A common stock. The stock repurchase program may be modified, suspended, extended or terminated by the Company at any time without prior notice and will expire no later than November 2027.
Item 6. [RESERVED]
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