Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities.
Market Information
Mattel's common stock, par value $1.00 per share, is traded under the symbol "MAT" on The Nasdaq Global Select Market.
Holders of Record
As of March 4, 2024, Mattel had approximately 15,000 holders of record of its common stock.
Dividends
See Part II, Item 8 "Financial Statements and Supplementary Data—Note 7 to the Consolidated Financial Statements —Stockholders' Equity—Dividends."
Recent Sales of Unregistered Securities
During the fourth quarter of 2023, Mattel did not sell any unregistered securities.
Issuer Purchases of Equity Securities
During 2023, Mattel repurchased 10.4 million shares of its common stock at a cost of $203.0 million. During 2022 and 2021, Mattel did not repurchase any shares of its common stock.
The following table provides certain information with respect to Mattel's purchases of its common stock during the fourth quarter of 2023:
Total Number of Shares Purchased (a) 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 (b)
Period:
October 1 - 31 1,710,604 $ 18.82 1,710,221 $ 60,975,153
November 1 - 30 3,173,304 19.23 3,171,631 —
December 1 - 31 3,835 18.88 — —
Total 4,887,743 $ 19.08 4,881,852 $ —
(a) The total number of shares purchased includes 5,891 shares withheld from employees to satisfy minimum tax withholding obligations that occur upon settlement of equity awards, which were not purchased as part of a publicly announced repurchase plan or program.
(b) Mattel's share repurchase program was first announced on July 21, 2003. On July 17, 2013, the Board of Directors approved a $500.0 million increase to Mattel's share repurchase authorization and, as of December 31, 2023, such authorization was exhausted. On February 5, 2024, the Board of Directors authorized a new $1.00 billion share repurchase program. During February 2024, Mattel executed $100.0 million of share repurchases under the new program. Repurchases under the program will take place from time to time, depending on market conditions. Mattel's share repurchase program has no expiration date.
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Performance Graph
The following graph compares the performance of Mattel's common stock with that of the S&P 500 Index and the S&P 500 Consumer Discretionary Index. The Cumulative Total Return listed below assumes an initial investment of $100 on December 31, 2018 and reinvestment of dividends.
December 31,
2018 2019 2020 2021 2022 2023
Cumulative Total Return:
Mattel, Inc. $ 100.00 $ 135.64 $ 174.67 $ 215.82 $ 178.58 $ 188.99
S&P 500 $ 100.00 $ 126.17 $ 143.39 $ 178.85 $ 155.42 $ 180.90
S&P 500 Consumer Discretionary $ 100.00 $ 126.53 $ 165.74 $ 211.63 $ 167.12 $ 207.71
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Item 6. Reserved.