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 New York Stock Exchange under the symbol “VMI”. We had approximately 25,765 shareholders of common stock at December 25, 2021.
Issuer Purchases of Equity Securities
Period (a)
Total Number of
Shares Purchased (b)
Average Price
paid per share (c)
Total Number of
Shares Purchased
as Part of Publicly
Announced Plans or
Programs (d)
Approximate Dollar Value of Maximum Number of
Shares that May Yet
Be Purchased Under
the Plans or Programs
September 26, 2021 to October 23, 2021 — $ — — $ 123,856,000
October 24, 2021 to November 27, 2021 8,777 227.22 8,777 121,862,000
November 28, 2021 to December 25, 2021 — — — 121,862,000
Total
8,777 $ 227.22 8,777 $ 121,862,000
On May 13, 2014, we announced a capital allocation philosophy which covered both the quarterly dividend rate as well as a share repurchase program. The Board of Directors at that time authorized the purchase of up to $500 million of the Company's outstanding common stock from time to time over twelve months at prevailing market prices, through open market or privately-negotiated transactions. On February 24, 2015 and again on October 31, 2018, the Board of Directors authorized additional purchases of up to $250 million of the Company's outstanding common stock with no stated expiration date bringing total authorization to $1.0 billion. As of December 25, 2021, we have acquired 6,475,406 shares for approximately $878.0 million under this share repurchase program.
20
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.