TRIMAS CORP 10-K

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Our common stock, par value $0.01 per share, is listed for trading on the NASDAQ Global Select Market under the symbol "TRS." As of February 19, 2021, there were 181 holders of record of our common stock. Our credit agreement and the indenture governing our senior notes restrict the payment of dividends on common stock, as such we did not pay dividends in 2020 or 2019. Our current policy is to retain earnings to repay debt and finance our operations and acquisitions. See the discussion under Item 7, " Management's Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources" and Note 13 to the Company's financial statements captioned " Long-term Debt," included in Item 8, " Financial Statements and Supplementary Data ," within this Form 10-K. Performance Graph The following graph compares the cumulative total stockholder return from December 31, 2015 through December 31, 2020 for TriMas common stock, the Russell 2000 Index and the S&P SmallCap 600 Capped Industrials Index. We have assumed that dividends have been reinvested (and taking into account the value of Horizon Global shares distributed in the spin-off) and returns have been weighted-averaged based on market capitalization. The graph assumes that $100 was invested on December 31, 2015 in each of TriMas common stock, the stocks comprising the Russell 2000 Index and the stocks comprising the S&P SmallCap 600 Capped Industrials Index. 27 Table of Contents Issuer Purchases of Equity Securities The following table provides information about purchases made by the Company, or on behalf of the Company by an affiliated purchaser, of shares of the Company's common stock during the three months ended December 31, 2020. 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 Program (1) October 1, 2020 to October 31, 2020 118,060 $ 23.84 118,060 $ 162,248,483 November 1, 2020 to November 30, 2020 22,311 $ 24.32 22,311 $ 161,705,818 December 1, 2020 to December 31, 2020 — $ — — $ 161,705,818 Total 140,371 $ 23.92 140,371 $ 161,705,818 __________________________ (1) In March 2020, the Company announced its Board of Directors had authorized the Company to increase the purchase of its common stock up to $250 million in the aggregate from its previous authorization of $150 million. The increased authorization includes the value of shares already purchased under the previous authorization. Pursuant to this share repurchase program, during the three months ended December 31, 2020, the Company repurchased 140,371 shares of its common stock at a cost of approximately $3.4 million. The share repurchase program is effective and has no expiration date. 28 Table of Contents Item 6. Selected Financial Data Reserved. 29 Table of Contents