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
Corporate Information
Stock Exchange Information
Xerox Holdings Corporation's common stock (XRX) is listed on the Nasdaq Global Select Market.
There is no established public trading market for Xerox Corporation's common stock, as all of the outstanding Xerox common stock is held solely by Xerox Holdings.
Common Shareholders of Record
As of December 31, 2023, Xerox Holdings Corporation had approximately 18,741 shareholders of record.
Dividends
For additional information regarding dividends, refer to Item 8 - Financial Statements and Supplementary Data, Xerox Holdings Corporation Statement of Shareholders' Equity, which is incorporated herein by reference.
Performance Graph (1)(2)
Total Return to Shareholders
Year Ended December 31,
2018 2019 2020 2021 2022 2023
Xerox Holdings Corporation $ 100.00 $ 192.27 $ 127.65 $ 130.17 $ 89.40 $ 119.63
S&P 500 Index 100.00 131.49 155.68 200.37 164.08 207.21
S&P 500 Information Technology Index 100.00 150.29 216.25 290.92 208.90 329.73
S&P 600 Index 100.00 122.78 136.64 173.29 145.39 168.73
S&P 600 Information Technology Index 100.00 139.59 178.41 226.31 175.70 212.50
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Source: Standard & Poor's Investment Services
(1) Graph assumes $100 invested on December 31, 2018 in Xerox Holdings, the S&P 500 Index, the S&P 500 Information Technology Index, S&P 600 Index and the S&P 600 Information Technology Index, respectively, and assumes dividends are reinvested.
(2) Beginning with the 2023 Form 10-K, the Company changed its benchmark indexes to the S&P 600 Index and the S&P 600 Information Technology Index, from the S&P 500 Index and the S&P 500 Information Technology Index, as the Company became part of the S&P 600 Index during the year ended December 31, 2023. The Company believes that the S&P 600 Indexes are more representative of the Company's market capitalization and peer group. Data for the S&P 500 Indexes are provided for comparison purposes only as we transition to use of the S&P 600 Indexes.
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Sales Of Unregistered Securities During the Quarter Ended December 31, 2023
There were no unregistered sales of securities for the quarter ended December 31, 2023.
Issuer Purchases of Equity Securities During the Quarter Ended December 31, 2023
There were no repurchases of Xerox Holdings Corporation's Common Stock for the quarter ended December 31, 2023 pursuant to share repurchase programs authorized by Xerox Holdings' Board of Directors.
Repurchases Related to Stock Compensation Programs (1) :
Total Number of Shares Purchased Average Price Paid per Share (2)
Total Number of Shares
Purchased as Part of
Publicly Announced
Plans or Programs Maximum Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
October 1 through 31 14,201 $ 15.56 n/a n/a
November 1 through 30 27,411 13.77 n/a n/a
December 1 through 31 — — n/a n/a
Total 41,612
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(1) These repurchases are made under a provision in our restricted stock compensation programs for the indirect repurchase of shares through a net-settlement feature upon the vesting of shares in order to satisfy minimum statutory tax-withholding requirements.
(2) Exclusive of fees and expenses.
Item 6. [Reserved]
Information pertaining to Item 6 is not presented in accordance with amendments to Item 301 of Regulation S-K.
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