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 15, 2023 there were 670 registered holders of the common stock.
Unregistered Sales of Equity Securities
There were no unregistered sales of equity securities during the fourth quarter of 2022.
Issuer Purchases of Equity Securities
During the quarter ended December 31, 2022, the Company purchased its common stock as part of a share repurchase program and in connection with the exercising of stock options by employees.
The following table provides information about our repurchases of equity securities in the quarter ended December 31, 2022.
Issuer Purchases of Equity Securities
Period
Total number
of shares
purchased
Average price
paid per share
Total number
of shares
purchased as
part of
publicly
announced
plans or
programs 1
Approximate
dollar value
of shares
that may yet
be purchased
under the
plans or
programs
October 1, 2022 through October 31, 2022
8,302
$
90.39
8,302
$
44.3 million
November 1, 2022 through November 30, 2022
1,059
$
106.49
212
$
44.2 million
December 1, 2022 through December 31, 2022
0
$
0.00
0
$
44.2 million
Total
9,361
$
92.21
8,514
$
44.2 million
1 On February 15, 2022 the Company announced a repurchase plan for up to $50 million of the Company’s common stock over a three-year period commencing on February 16, 2022.
Stock Price Performance Graph
The graph below compares the cumulative total return to stockholders on the common stock of the Corporation, S&P 500 Index, S&P 1500 Specialty Chemicals Index and Russell 2000
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Index since December 31, 2017, 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.
For the year ended December 31, 2022, we have changed one of the comparative indices from the NASDAQ Composite to the S&P 1500 Specialty Chemicals Index which we believe provides an improved peer group comparative. The total return to stockholders of the new and the old comparative indices is shown in the table below the following graph.
Value of $100 Investment made December 31, 2017*
2017
2018
2019
2020
2021
2022
Innospec Inc.
$
100.00
$
88.74
$
150.09
$
133.16
$
134.29
$
154.80
S&P 500 Index
100.00
95.62
125.72
148.85
191.58
156.88
S&P 1500 Specialty Chemicals Index
100.00
93.97
111.15
129.30
165.17
124.09
NASDAQ Composite
100.00
96.41
133.31
192.48
235.16
158.65
Russell 2000 Index
$
100.00
$
88.99
$
111.70
$
134.00
$
153.85
$
122.41
* Excludes purchase commissions.
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Item 6
[Reserved]
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