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
Our common stock is traded on the NASDAQ Global Select Market under the ticker symbol “VLY”. There were 7,578 shareholders of record as of December 31, 2021.
Performance Graph
The following graph compares the cumulative total return on a hypothetical $100 investment made on December 31, 2016 in: (a) Valley’s common stock; (b) the KBW Regional Banking Index (KRX) and (c) the Standard and Poor’s (S&P) 500 Stock Index. The graph is calculated assuming that all dividends are reinvested during the relevant periods. The graph shows how a $100 investment would increase or decrease in value over time based on dividends (stock or cash) and increases or decreases in the market price of the stock.
12/16 12/17 12/18 12/19 12/20 12/21
Valley $ 100.00 $ 100.08 $ 82.28 $ 110.47 $ 99.36 $ 144.84
KBW Regional Banking Index (KRX) 100.00 101.81 84.00 104.05 95.02 129.84
S&P 500 100.00 121.82 116.47 153.13 181.29 233.28
The information under “Performance Graph” is not deemed to be “filed” with the SEC and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, except to the extent specifically incorporated by reference into such a filing.
35
2021 Form 10-K
Issuer Repurchase of Equity Securities
The following table presents the purchases of equity securities by the issuer and affiliated purchasers during the three months ended December 31, 2021:
Period Total Number of
Shares Purchased (1)
Average Price
Paid Per
Share Total Number of Shares Purchased as Part of Publicly Announced Plans (2)
Maximum Number of Shares that May Yet Be Purchased
Under the Plans (2)
October 1, 2021 to October 31, 2021 3,290 $ 13.31 — 4,112,465
November 1, 2021 to November 30, 2021 1,615,501 14.31 1,614,992 2,497,473
December 1, 2021 to December 31, 2021 3,969 13.89 — 2,497,473
Total 1,622,760 1,614,992
(1) Includes repurchases made in connection with the vesting of employee stock awards.
(2) On January 17, 2007, Valley publicly announced its intention to repurchase up to 4.7 million outstanding common shares in the open market or in privately negotiated transactions. The repurchase plan has no stated expiration date. No repurchase plans or programs expired or terminated during the three months ended December 31, 2021.
Item 6. [Reserved]
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.