MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
+Added: Vistra's common stock is listed and traded on the NYSE under the symbol "VST".
Vistra's authorized capital stock consists of 1,800,000,000 shares of common stock with a par value of $0.01 per share.
−Removed: Since May 10, 2017, Vistra's common stock has been listed on the NYSE under the symbol "VST".
−Removed: As of February 23, 2023, there were 381,453,001 shares of common stock issued and outstanding and 554 stockholders of record.
−Removed: In November 2018, we announced that the Board had adopted a common stock dividend program which we initiated in the first quarter of 2019.
−Removed: Our common stockholders are entitled to receive any such dividends or other distributions ratably.
−Removed: In February 2023, our Board declared a quarterly dividend of $0.1975 per share that will be paid in March 2023.
−Removed: Each dividend under the program is subject to declaration by the Board and, thus, may be subject to numerous factors in existence at the time of any such declaration including, but not limited to, prevailing market conditions, Vistra's results of operations, financial condition and liquidity, Delaware law and contractual limitations.
−Removed: For additional details, see Item 1A.
−Removed: Risk Factors and Note 13 to the Financial Statements.
+Added: As of February 23, 2024, there were 472 stockholders of record.
+Added: The Board has authority to declare dividends to the holders of our common stock.
+Added: The Board intends to continue the payment of dividends to the holders of the Company's common stock in the future.
+Added: The declaration and payment of future dividends, however, will be at the discretion of the Board and will depend on numerous factors in existence at the time of any such declaration including, but not limited to, prevailing market conditions, Vistra's results of operations, financial condition and liquidity, Delaware law and contractual limitations.
Stock Performance Graph
−Removed: The performance graph below compares Vistra's cumulative total return on common stock for the period from May 10, 2017 (the date we were listed on the NYSE) through December 31, 2022 with the cumulative total returns of the S&P 500 Stock Index (S&P 500) and the S&P Utility Index (S&P Utilities).
−Removed: The graph below compares the return in each period assuming that $100 was invested at May 10, 2017 in Vistra's common stock, the S&P 500 and the S&P Utilities, and that all dividends were reinvested.
−Removed: Share Repurchase Program
−Removed: The following table provides information about our repurchase of equity securities that are registered by us pursuant to Section 12 of the Exchange Act, as amended, during the quarter ended December 31, 2022.
+Added: The performance graph below compares Vistra's cumulative total return on common stock during the five-year period from December 31, 2018 through December 31, 2023 with the cumulative total returns of the S&P 500 Stock Index (S&P 500) and the S&P Utility Index (S&P Utilities).
+Added: The graph below compares the return in each period assuming that $100 was invested at December 31, 2018 in Vistra's common stock, the S&P 500 and the S&P Utilities, and that all dividends were reinvested.
+Added: 2018 2019 2020 2021 2022 2023
+Added: $ 100.00 $ 102.48 $ 90.41 $ 108.08 $ 113.57 $ 193.89
+Added: S&P 500 $ 100.00 $ 131.47 $ 155.65 $ 200.59 $ 163.98 $ 207.04
+Added: S&P Utilities $ 100.00 $ 126.35 $ 127.01 $ 149.46 $ 151.79 $ 141.05
+Added: The stock price performance included in this graph is not necessarily indicative of future stock price performance.
+Added: Purchases of Equity Securities by the Issuer
+Added: The following table provides information about our repurchase of common stock, during the three months ended December 31, 2023.
Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of a Publicly Announced Program Maximum Dollar Amount of Shares that may yet be Purchased under the Program (in millions)
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The Share Repurchase Program became effective on October 11, 2021.
−Removed: In August 2022, the Board authorized an incremental $1.25 billion for repurchases to bring the total authorized under the Share Repurchase Program to $3.25 billion.
+Added: In August 2022, March 2023 and February 2024, the Board authorized incremental amounts of $1.25 billion, $1.0 billion and $1.5 billion, respectively, for repurchases to bring the total authorized under the Share Repurchase Program to $5.75 billion.
We expect to complete repurchases under the Share Repurchase Program by the end of 2025.
−Removed: Under the Share Repurchase Program, any purchases of shares of the Company's stock may be repurchased from time to time in open-market transactions at prevailing market prices, in privately negotiated transactions, pursuant to plans complying with the Exchange Act or by other means in accordance with federal securities laws.
−Removed: The actual timing, number and value of shares repurchased under the Share Repurchase Program or otherwise will be determined at our discretion and will depend on a number of factors, including our capital allocation priorities, the market price of our stock, general market and economic conditions, applicable legal requirements and compliance with the terms of our debt agreements and the certificate of designation of the Series A Preferred Stock and the Series B Preferred Stock, respectively.
See Note 15 to the Financial Statements for more information concerning the Share Repurchase Program.
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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.