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
The Company’s common shares are traded on the New York Stock Exchange under the symbol “TKR". The number of record holders of the Company’s common shares at December 31, 2024 was 2,729. The estimated number of beneficial shareholders at December 31, 2024 exceeds 90,000.
During the quarter ended December 31, 2024, no director or officer (as defined in Exchange Act Rule 16a-1(f)) of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement” (as each term is defined in Regulation 408(a) of Regulation S-K).
Issuer Purchases of Common Shares:
The following table provides information about purchases of its common shares by the Company during the quarter ended December 31, 2024.
Period Total number
of shares purchased Average
price paid per share Total number of
shares purchased as
part of publicly
announced
plans or programs Maximum number
of shares that may
yet be purchased
under the
plans or programs (1)
10/1/2024 - 10/31/2024 — $ — — 2,258,990
11/1/2024 - 11/30/2024 120,000 75.45 120,000 2,138,990
12/1/2024 - 12/31/2024 — — — 2,138,990
Total 120,000 $ 75.45 120,000 —
(1) On February 12, 2021, the Company's Board of Directors approved a share repurchase plan, effective March 1, 2021, pursuant to which the Company may purchase up to ten million of its common shares, in the aggregate. This share purchase plan expires on February 28, 2026. Under this plan, the Company may purchase shares from time to time in open market purchases or privately negotiated transaction, and it may make all or part of the purchases pursuant to accelerated share repurchases or Rule 10b5-1 plans.
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities (continued)
*Total return assumes reinvestment of dividends. Fiscal years ending December 31.
2020 2021 2022 2023 2024
Timken $ 140 $ 128 $ 133 $ 153 $ 139
S&P 500 118 152 125 158 197
S&P 400 Industrials 116 150 132 174 198
The line graph compares the cumulative total shareholder returns over five years for The Timken Company, the S&P 500 Stock Index and the S&P 400 Industrials Index. The graph assumes, in each case, an initial investment of $100 on January 1, 2020, in Timken common shares, S&P 500 Index and S&P 400 Industrials Index, based on market prices at the end of each fiscal year through and including December 31, 2024 , and reinvestment of dividends.
Item 6. Reserved
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.