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 common shares are traded on The NASDAQ Global Select Market under the symbol "LECO." The number of record holders of common shares at January 31, 2026 was 2,081.
Issuer purchases of equity securities for the fourth quarter 2025 were:
Shares
Maximum Number
Purchased
of Shares that May
Total Number of
as Part of Publicly
Yet be Purchased
Shares
Average Price
Announced Plans or
Under the Plans
Period
Purchased
Paid Per Share
Programs
or Programs (2)
October 1 - 31, 2025
79,732
(1)
$ 237.44
77,458
5,230,495
November 1 - 30, 2025
20,299
(1)
229.13
20,293
5,210,202
December 1 - 31, 2025
117,121
(1)
237.46
113,571
5,096,631
Total
217,152
236.67
211,322
(1) The above share repurchases include the surrender of the Company’s common shares in connection with the vesting of restricted awards.
(2) On February 12, 2020, the Company’s Board authorized a share repurchase program for up to 10 million shares of the Company’s common stock. Total shares purchased through the share repurchase program were 4.9 million shares at a total cost of $912.1 million for a weighted average cost of $186.01 per share through December 31, 2025.
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Table of Contents
The following line graph compares the yearly percentage change in the cumulative total shareholder return on the Company’s common stock against the cumulative total return of the S&P Composite 500 Stock Index ("S&P 500") and the S&P 400 MidCap Index ("S&P 400") for the five-year calendar period commencing January 1, 2021 and ending December 31, 2025. This graph assumes that $100 was invested on December 31, 2020 in each of the Company’s common shares, the S&P 500 and the S&P 400. A peer-group index for the welding industry, in general, is not readily available because the industry is comprised of a large number of privately held competitors and competitors that are smaller parts of large publicly traded companies.
ITEM 6. [RESERVED]
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