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
The Company's common shares are listed on the New York Stock Exchange under the symbol “MTRN”. As of January 31, 2023, there were 652 shareholders of record.
Share Repurchases
The following table presents information with respect to repurchases of common stock made by us during the three months ended December 31, 2022.
Period Total Number of Shares Purchased (1) Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (2) Maximum Dollar Value that May Yet Be Purchased Under the Plans or Programs (2)
October 1 through November 4, 2022 5,021 $ 84.64 — $ 8,316,239
November 5 through December 2, 2022 1,403 $ 80.17 — 8,316,239
December 3 through December 31, 2022 — — — 8,316,239
Total 6,424 $ — — $ 8,316,239
(1) Represents shares surrendered to the Company by employees to satisfy tax withholding obligations on stock appreciation rights issued under the Company's stock incentive plan.
(2) On January 14, 2014, we announced that our Board of Directors authorized the repurchase of up to $50.0 million of our common stock; this Board authorization does not have an expiration date. During the three months ended December 31, 2022, we did not repurchase any shares under this program.
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Performance Graph
The following graph sets forth the cumulative shareholder return on our common shares as compared to the cumulative total return of the Russell 2000 Index, the S&P SmallCap 600 Index, and the S&P SmallCap 600 Materials Index, as Materion Corporation is a component of these indices.
2018 2019 2020 2021 2022
Materion Corporation $ 93 $ 124 $ 134 $ 193 $ 185
Russell 2000 86 108 127 145 114
S&P SmallCap 600 90 109 120 150 124
S&P SmallCap 600 - Materials 77 91 110 130 119
The above graph assumes that the value of our common shares and each index was $100 on December 31, 2017 and that all applicable dividends were reinvested.
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Item 6. [RESERVED]
Reserved.
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.