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)
The Company’s common stock is listed and traded on the New York Stock Exchange under the symbol SCL.
As of January 31, 2022, there were 1,759 holders of record of the Company’s common stock. This number does not include beneficial owners whose shares are held by nominees in street name.
(b)
Below is a summary by month of shares purchases by the Company during the fourth quarter of 2021:
Period
Total Number of
Shares Purchased
Average Price
Paid per Share
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs (1)
Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (1)
October
430
(2)
$
120.64
—
$
150,000,000
November
519
(2)
$
126.39
—
$
150,000,000
December
—
—
—
$
150,000,000
Total
949
$
123.78
—
$
150,000,000
(1)
On October 20, 2021, the Company announced that its Board of Directors had authorized the Company to repurchase up to $150,000,000 of its outstanding common stock. Under this program, which does not have an expiration date, repurchases may be made from time to time through open market transactions, privately negotiated transactions or a combination of the foregoing, subject to applicable laws. The program authorization supersedes the Company’s prior share repurchase authorization.
(2)
Consists of shares of Company common stock tendered by employees to settle statutory withholding taxes related to the exercise of stock appreciation rights (SARs).
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(c)
Stock Performance Graph
The following stock performance graph compares the yearly change since December 31, 2016, in cumulative return on the common stock of the Company on a dividend reinvested basis to the Dow Jones Chemical Industry Index and the Russell 2000 Index. The Dow Jones Chemical Industry Index is a market-capitalization weighted grouping of 35 chemical companies, including major manufacturers of both basic and specialty products. The Company is not included in the Dow Jones Chemical Industry Index. The Russell 2000 Index is a market-capitalization weighted grouping of 2,000 small to medium sized companies in a broad range of industries. The Company has been included in the Russell 2000 Index since 1992. The graph assumes $100 was invested on December 31, 2016 and shows the cumulative total return as of each December 31 thereafter.
Item 6. (Removed and Reserved)
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