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
Vistra's common stock is listed and traded on the NYSE and the NYSE Texas 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.
As of February 18, 2026, there were 378 stockholders of record.
The Board has authority to declare dividends to the holders of our common stock. The Board intends to continue the payment of dividends to the holders of the Company's common stock in the future. 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
The performance graph below compares Vistra's cumulative total return on common stock during the five-year period from December 31, 2020 through December 31, 2025 with the cumulative total returns of the S&P 500 Stock Index (S&P 500) and the S&P Utility Index (S&P Utilities). The graph below compares the return in each period assuming that $100 was invested at December 31, 2020 in Vistra's common stock, the S&P 500 and the S&P Utilities, and that all dividends were reinvested.
December 31,
2020 2021 2022 2023 2024 2025
Vistra Corp. $ 100.00 $ 119.55 $ 125.62 $ 224.45 $ 774.87 $ 911.64
S&P 500 $ 100.00 $ 128.68 $ 105.36 $ 133.03 $ 166.28 $ 195.98
S&P Utilities $ 100.00 $ 117.67 $ 119.51 $ 111.05 $ 137.07 $ 159.06
50
VISTRA CORP.
The stock price performance included in this graph is not necessarily indicative of future stock price performance.
Purchases of Equity Securities by the Issuer
The following table provides information about our repurchase of common stock, during the three months ended December 31, 2025.
Period 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)
October 1 - October 31, 2025
371,820 $ 199.20 371,820 $ 2,174
November 1 - November 30, 2025
509,144 $ 177.68 509,144 $ 2,084
December 1 - December 31, 2025
500,181 $ 167.91 500,181 $ 2,000
For the quarter ended December 31, 2025
1,381,145 $ 179.94 1,381,145 $ 2,000
In October 2021, the Board authorized a share repurchase program (Share Repurchase Program). Under this program, shares of the Company's common stock may be repurchased in open market transactions, privately negotiated transactions, or other means in accordance with federal securities laws. The timing, number, and value of shares repurchased will be determined at our discretion, considering factors such as capital allocation priorities, stock market price, general market and economic conditions, legal requirements, and compliance with debt agreements and preferred stock certificates of designation. We expect to complete repurchases under the Share Repurchase Program by the end of 2027.
Board Authorization Dates
Amount Authorized for Share Repurchases
(in billions)
October 2021 $ 2.00
August 2022 1.25
March 2023 1.00
February 2024 1.50
October 2024 1.00
October 2025
1.00
Cumulative authorization at December 31, 2025
$ 7.75
See Note 19 to the Financial Statements for additional information.
Item 6. [RESERVED]
Not applicable.