filings.toolsItem 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market for Registrant's Common Equity
The principal market for the Company’s common stock is the NASDAQ Global Select Market under the symbol ADP. As of June 30, 2022, there were 33,473 holders of record of the Company’s common stock. As of such date, 1,275,687 additional holders held their common stock in “street name.”
Issuer Purchases of Equity Securities
| Period | Total Number of Shares Purchased (1) | Average Price Paid per Share | Total Number of Shares Purchased as Part of the Publicly Announced Common Stock Repurchase Plan (2) | Maximum Approximate Dollar Value of Shares that may yet be Purchased under the Common Stock Repurchase Plan (2) | ||||||||||
| April 1, 2022 to April 30, 2022 | 640,656 | $230.87 | 638,944 | $1,445,716,749 | ||||||||||
| May 1, 2022 to May 31, 2022 | 786,840 | $213.87 | 785,635 | $1,277,703,317 | ||||||||||
| June 1, 2022 to June 30, 2022 | 812,694 | $212.38 | 809,908 | $1,105,689,504 | ||||||||||
| Total | 2,240,190 | 2,234,487 |
| (1) | During the three months ended June 30, 2022, pursuant to the terms of the Company’s restricted stock program, the Company purchased 5,703 shares at the then-market value of the shares to satisfy certain tax withholding requirements for employees upon the vesting of their restricted shares. | |||||||
| (2) | The Company received the Board of Directors' approval to repurchase shares of the Company's common stock as follows: |
| Date of Approval | ||||||||
| November 2019 | $5 billion |
There is no expiration date for the common stock repurchase authorization.
For equity compensation plan information, please refer to Item 12 in Part III of this Annual Report on Form 10-K.
Performance Graph
The following graph compares the cumulative return on the Company’s common stock for the most recent five years with the cumulative return on the S&P 500 Index and the Peer Group Index,(a) assuming an initial investment of $100 on June 30, 2017, with all dividends reinvested. The stock price performance shown on this graph may not be indicative of future performance.
(a) We use the Nasdaq Dividend Achievers Select Index as our Peer Group Index. The Nasdaq Dividend Achievers Select Index is a select group of companies, that includes the Company, with at least ten consecutive years of increasing annual regular dividend payments.
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