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Our common stock, with no par value, has traded on the New York Stock Exchange (NYSE) under the symbol “NEU” since June 21, 2004 when we became the parent holding company of Ethyl, Afton, NewMarket Services, NewMarket Development, and their subsidiaries.
−Removed: We had 1,926 shareholders of r ecord at January 31, 2022.
−Removed: On December 13, 2018, our Board of Directors approved a share repurchase program authorizing management to repurchase up to $500 million of NewMarket's outstanding common stock effective January 1, 2019 until December 31, 2021, as market conditions warrant and covenants under our existing debt agreements permit.
−Removed: We may conduct the share repurchase in the open market, in privately negotiated transactions, through block trades or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
−Removed: The repurchase program does not require NewMarket to acquire any specific number of shares and may be terminated or suspended at any time.
−Removed: Approximately $220 million remained available under this authorization on October 28, 2021.
+Added: We had 1,862 shareholders of record at January 31, 2023.
On October 28, 2021, our Board of Directors approved a share repurchase program authorizing management to repurchase up to $500 million of NewMarket's outstanding common stock until December 31, 2024, as market conditions warrant and covenants under our existing debt agreements permit.
−Removed: The 2021 authorization replaced the 2018 authorization.
−Removed: We may conduct the share repurchases in the open market, in privately negotiated transactions, through block trades, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
+Added: We may conduct the share repurchases in the open market, in privately negotiated transactions, through block trades, or pursuant to trading plans intended to comply with Rule 10b5-1 and/or Rule 10b-18 of the Securities Exchange Act of 1934.
The repurchase program does not require the Company to acquire any specific number of shares and may be terminated or suspended at any time.
At December 31, 2022 , approximately $274 million remained available under the 2021 authorization.
−Removed: The following table outlines the purchases during the fourth quarter of 2021 under these authorizations.
+Added: The following table outlines the purchases during the fourth quarter of 2022 under this authorization.
Issuer Purchases of Equity Securities
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.