Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDERS MATTER AND ISSUER PURCHASES OF EQUITY SECURITIES
Market for Registrant's Common Equity and Related Stockholder Matters
Ingevity's common stock ($0.01 par value) is listed on the New York Stock Exchange, Inc. ("NYSE") under the symbol "NGVT." There were approximately 4,600 record holders of our common stock as of February 20, 2023 .
Unregistered Sales of Equity Securities
Not Applicable.
Issuer Purchases of Equity Securities
The following table summarizes information with respect to the repurchase of our common stock during the three months ended December 31, 2022.
Period Total Number of Shares Purchased 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 (1)
October 1-31, 2022 — $ — — $ 450,648,949
November 1-30, 2022 — $ — — $ 450,648,949
December 1-31, 2022 85,257 $ 69.92 85,257 $ 444,688,057
Total 85,257 85,257
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(1) On July 25, 2022, our Board of Directors authorized the repurchase of up to $500.0 million of our common stock and rescinded the prior outstanding repurchase authorization with respect to the shares that remained unused under the prior authorization. Shares under the current repurchase authorization may be purchased through open market or privately negotiated transactions at the discretion of management based on its evaluation of market prevailing conditions and other factors, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.
Stock Performance Graph
The following table and graph present the cumulative total stockholder return for Ingevity's common stock compared with the Standard & Poor's (S&P) MidCap 400 Index, the Standard & Poor's (S&P) Chemicals 600 Index, and the Dow Jones (DJ) U.S. Specialty Chemicals Index for the five-year period ended December 31, 2022.
The graph assumes the investment of $100 in each of Ingevity's common stock, the S&P MidCap 400 Index, the S&P Chemicals 600 Index, and the DJ U.S. Specialty Chemicals Index, respectively, as of market close on December 31, 2017, and that all dividends, if any, were reinvested.
25
December 31,
2017 2018 2019 2020 2021 2022
Ingevity Corporation $ 100.00 $ 118.76 $ 124.00 $ 107.46 $ 101.75 $ 99.96
S&P MidCap 400 Index $ 100.00 $ 88.90 $ 112.17 $ 127.48 $ 159.01 $ 138.18
S&P Chemicals 600 Index $ 100.00 $ 84.94 $ 98.60 $ 116.95 $ 146.60 $ 125.47
Dow Jones U.S. Specialty Chemicals Index $ 100.00 $ 93.16 $ 104.57 $ 120.47 $ 149.13 $ 128.81
The graph and related information set forth above are not deemed to be "filed" with the SEC for purposes of Section 18 of the Exchange Act or incorporated by reference into any future filing made by us with the SEC, except to the extent that we specifically incorporate it by reference into any such filing. The stock price performance included in the graph above is not necessarily indicative of future stock performance.
ITEM 6. [RESERVED]