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
A. Our common stock is traded on the NYSE under the ticker symbol “O.” The following table shows the high and low sales prices per share for our common stock as reported by the NYSE, and distributions declared per share of common stock for the periods indicated.
Price Per Share
of Common Stock
High Low Distributions Declared (1)
2022
First Quarter $ 72.55 $ 63.90 $ 0.7400
Second Quarter 75.40 62.29 0.7415
Third Quarter 75.11 57.61 0.7430
Fourth Quarter 66.44 55.50 0.7445
Total $ 2.9690
2021
First Quarter $ 64.60 $ 57.00 $ 0.7040
Second Quarter 71.84 63.64 0.7055
Third Quarter 72.75 64.86 0.7070
Fourth Quarter 74.60 64.98 0.7285
Total $ 2.8450
(1) Common stock cash distributions are declared monthly by us based on financial results for the prior months. At December 31, 2022, a distribution of $0.2485 per common share had been declared and was paid in January 2023.
B. There were approximately 12,300 registered holders of record of our common stock as of December 31, 2022. We estimate that our total number of stockholders is approximately 1.5 million when we include both registered and beneficial holders of our common stock.
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C. During the three months ended December 31, 2022, the following shares of stock were withheld for state and federal payroll taxes on the vesting of employee stock awards, as permitted under the 2021 Incentive Award Plans of Realty Income Corporation:
Period Total Number of Shares Purchased (1)
Average Price Paid per Share
October 1, 2022 — October 31, 2022 9,514 $ 55.58
November 1, 2022 — November 31, 2022 1,464 $ 64.52
December 1, 2022 — December 31, 2022 1,547 $ 63.39
Total 12,525 $ 57.59
(1) All 12,525 shares of common stock purchased during the three months ended December 31, 2022 were withheld for state and federal payroll taxes on the vesting of employee stock awards, as permitted under the 2021 Incentive Award Plan of Realty Income Corporation. The withholding of common stock by us could be deemed a purchase of such common stock.
Item 6: Reserved
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