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
Our common stock is listed and traded on the Nasdaq Global Select Market under the symbol MRCY. The following table sets forth, for the fiscal periods indicated, the high and low sale prices per share for our common stock during such periods. Such market quotations reflect inter-dealer prices without retail markup, markdown or commission.
High Low
2023 Fourth quarter $ 52.36 $ 31.50
Third quarter $ 56.19 $ 44.56
Second quarter $ 53.58 $ 41.78
First quarter $ 63.66 $ 40.60
2022 Fourth quarter $ 66.04 $ 54.24
Third quarter $ 69.81 $ 51.11
Second quarter $ 55.92 $ 46.71
First quarter $ 66.78 $ 45.31
As of June 30, 2023, we had 710 record shareholders and 24,235 nominee holders.
Dividend Policy
We have never declared or paid cash dividends on shares of our common stock. We currently intend to retain any earnings for future growth. Accordingly, we do not anticipate that any cash dividends will be declared or paid on our common stock in the foreseeable future.
Net Share Settlement Plans
The following table includes information with respect to net share settlements we made of our common stock during the fiscal year ended June 30, 2023:
Period of Net Share Settlement Total Number of Shares Net Settled (1) Average Price Per Share
July 2, 2022 - September 30, 2022 1 $ 62.52
October 1, 2022 - December 30, 2022 — $ —
December 31, 2022 - March 31, 2023 — $ —
April 1, 2023 - June 30, 2023 — $ —
Total 1
(1) Represents shares we net settled in connection with the surrender of shares to cover the minimum taxes on vesting of restricted stock. Presented in thousands.
Share Repurchase Plans
During fiscal 2023, we had no active share repurchase programs.
Equity Compensation Plans
The information required by this item is incorporated by reference to our Proxy Statement for the Shareholders Meeting.
ITEM 6. SELECTED FINANCIAL DATA
Part II, Item 6 is no longer required as the Company has elected to early adopt the change to Item 301 of Regulation S-K contained in SEC Release No. 33-10890.
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