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
Our common stock, par value $0.01 per share, trades under the symbol “AKAM” on the Nasdaq Global Select Market.
As of February 22, 2022, there were 174 holders of record of our common stock.
We have never paid or declared any cash dividends on shares of our common stock or other securities and do not anticipate paying or declaring any cash dividends in the foreseeable future. We currently intend to retain all future earnings, if any, for use in the operation of our business.
Issuer Purchases of Equity Securities
The following is a summary of our repurchases of our common stock in the fourth quarter of 2021 (in thousands, except share and per share data):
| Period(1) | Total Number of Shares Purchased(2) | Average Price Paid per Share(3) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(4) | Approximate Dollar Value of Shares that May Yet be Purchased Under Plans or Programs(4) | ||||||||||||||||||||||
| October 1, 2021 – October 31, 2021 | 362,034 | $ | 105.22 | 362,034 | $ | 282,542 | ||||||||||||||||||||
| November 1, 2021 – November 30, 2021 | 704,875 | 110.45 | 704,875 | 204,691 | ||||||||||||||||||||||
| December 1, 2021 – December 31, 2021 | 1,373,341 | 112.90 | 1,373,341 | 49,637 | ||||||||||||||||||||||
| Total | 2,440,250 | $ | 111.05 | 2,440,250 |
(1)Information is based on settlement dates of repurchase transactions.
(2)Consists of shares of our common stock, par value $0.01 per share.
(3)Includes commissions paid.
(4)Effective November 1, 2018, the Board authorized a $1.1 billion repurchase program through December 31, 2021. In October 2021, our board of directors authorized a new $1.8 billion share repurchase program, effective January 1, 2022 through December 31, 2024. Beginning January 1, 2022, we have $1.8 billion available for future repurchases of shares.
During the year ended December 31, 2021, we repurchased 4.7 million shares of our common stock for an aggregate of $522.3 million.
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