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S&P Global Inc.'s common stock is traded on the New York Exchange ("NYSE") under the ticker symbol ("SPGI").
−Removed: The approximate number of record holders of our common stock as of February 4, 2022 was 2,820.
+Added: The approximate number of record holders of our common stock as of January 27, 2023 was 2,281.
The performance graph below compares our cumulative total shareholder return during the previous five years with a performance indicator of the overall market (i.e., S&P 500), and our peer group.
The peer group consists of the following companies:
−Removed: Moody’s Corporation, CME Group Inc., MSCI Inc., FactSet Research Systems Inc., IHS Markit Ltd., Verisk Analytics, Inc.
+Added: Moody’s Corporation, CME Group Inc., MSCI Inc., FactSet Research Systems Inc., Verisk Analytics, Inc.
and Intercontinental Exchange, Inc.
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Regular quarterly dividends per share of our common stock for 2022 and 2021 were as follows:
−Removed: $0.77 per quarter in 2021 $ 3.08
+Added: $0.77 in the first quarter of 2022 and $0.85 in the remaining quarters of 2022 $ 3.32
$0.77 per quarter in 2021 $ 3.08
On January 25, 2023, the Board of Directors approved a quarterly common stock dividend of $0.90 per share.
−Removed: Following the expected closing of the merger with IHS Markit, the Board of Directors will revisit the dividend policy of the combined Company.
Transfer Agent and Registrar for Common Stock
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Computershare
−Removed: Louisville, KY 40233-5000
+Added: Providence, RI 02940-3078
Overnight correspondence should be mailed to:
Computershare
−Removed: 462 South 4th Street, Suite 1600
−Removed: Louisville, KY 40202
+Added: 150 Royall St., Suite 101
+Added: Canton, MA 02021
Visit the Investor Center™ website to view and manage shareholder account information online:
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Repurchase of Equity Securities
+Added: On June 22, 2022, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares (the “2022 Repurchase Program”), which was approximately 9% of the total shares of our outstanding common stock at that time.
+Added: During the fourth quarter of 2022, we repurchased 2.8 million shares under the 2022 Repurchase Program, and, as of December 31, 2022, 27.2 million shares remained under the 2022 Repurchase Program.
On January 29, 2020, the Board of Directors approved a share repurchase program authorizing the purchase of 30 million shares (the “2020 Repurchase Program”), which was approximately 12% of the total shares of our outstanding common stock at that time.
−Removed: During the fourth quarter of 2021, we did not repurchase any shares under the 2020 Repurchase Program and, as of December 31, 2021, 30 million shares remained under the 2020 Repurchase Program.
−Removed: On December 4, 2013, the Board of Directors approved a share repurchase program authorizing the purchase of up to 50 million shares (the "2013 Repurchase Program"), which was approximately 18% of the Company's outstanding shares at that time.
−Removed: During the fourth quarter of 2021, we did not repurchase any shares under our 2013 Repurchase Program.
−Removed: Further discussion relating to our ASR agreement can be found in Note 9 - Equity to the Consolidated Financial Statements and Supplementary Data, in the Annual Report on Form 10-K.
−Removed: As of December 31, 2021, 0.8 million shares remained under the 2013 Repurchase Program.
+Added: During the fourth quarter of 2022, we repurchased 1.3 million shares under the 2020 Repurchase Program, and, as of December 31, 2022, we completed the 2020 Repurchase Program.
+Added: During the fourth quarter of 2022, we repurchased 4.0 million shares under our 2020 and 2022 Repurchase Programs which included 1.6 million shares from the conclusion of our accelerated share repurchase “ASR” agreement that we entered into on August 9, 2022 and 2.4 million shares received from our ASR agreement that we entered into on December 2, 2022.
+Added: Further discussion relating to our ASR agreements can be found in Note 9 - Equity to the Consolidated Financial Statements and Supplementary Data, in the Annual Report on Form 10-K.
Repurchased shares may be used for general corporate purposes, including the issuance of shares for stock compensation plans and to offset the dilutive effect of the exercise of employee stock options.
−Removed: Our 2013 and 2020 Repurchase Programs have no expiration date and purchases under these programs may be made from time to time on the open market and in private transactions, depending on market conditions.
+Added: Our 2022 Repurchase Program has no expiration date and purchases under the program may be made from time to time on the open market and in private transactions, depending on market conditions.
The following table provides information on our purchases of our outstanding common stock during the fourth quarter of 2022 pursuant to our 2020 and 2022 Repurchase Programs (column c).
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Total — Qtr 4,075,390 $ 337.82 4,028,626 27.2 million
+Added: 1 Includes 2.4 million shares received from the initiation of our ASR agreement that we entered into on December 2, 2022.
+Added: Average price paid per share information does not include this accelerated share repurchase transaction.
Equity Compensation Plan
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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.