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 and Holders
The Company’s common stock is listed on the NASDAQ under the symbol “IOSP.” As of February 6, 2024, there were 653 registered holders of the common stock.
Unregistered Sales of Equity Securities
There were no unregistered sales of equity securities during the fourth quarter of 2023.
Issuer Purchases of Equity Securities
The following table provides information about our repurchases of equity securities in the quarter ended December 31, 2023.
Period
Total number
of shares
purchased
Average price
paid per share
Total number
of shares
purchased as
part of
publicly
announced
plans or
programs
Approximate
dollar value
of shares
that may yet
be purchased
under the
plans or
programs
October 1, 2023 through October 31,
2023
900
$
95.95
900
$43.6 million
November 1, 2023 through November 30,
2023
447
$
100.61
—
$43.6 million
Total
1,347
$
97.50
900
$43.6 million
During the quarter ended December 31, 2023, the Company purchased its common stock as part of a share repurchase program announced on February 15, 2022. The repurchase program allows for up to $50 million of the Company’s common stock to be repurchased in the open market over a three-year period commencing on February 16, 2022.
The company also repurchased its common stock in connection with the exercising of stock options by employees.
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Stock Price Performance Graph
The graph below compares the cumulative total return to stockholders on the common stock of the Corporation, the S&P 500 Index, the S&P 1500 Specialty Chemicals Index and the Russell 2000 index since December 31, 2018, assuming a $100 investment and the re-investment of any dividends thereafter. Historical stock price performance should not be relied upon as an indication of future stock price performance.
Value of $100 Investment made December 31, 2018*
2018
2019
2020
2021
2022
2023
Innospec Inc.
$
100.00
$
169.14
$
150.06
$
151.33
$
174.45
$
211.40
S&P 500 Index
100.00
131.49
155.68
200.37
164.08
207.21
S&P 1500 Specialty Chemicals
Index
100.00
118.29
137.60
175.78
132.06
151.74
Russell 2000 Index
$
100.00
$
125.52
$
150.58
$
172.89
$
137.56
$
160.85
* Excludes purchase commissions.
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Item 6 [Reserved]
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