filings.toolsItem 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities:
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Item 5. Market for the Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities:
Refer to page 123 of IBM’s 2023 Annual Report to Stockholders, which is incorporated herein by reference solely as it relates to this item.
IBM common stock is listed on the New York Stock Exchange and the NYSE Chicago under the symbol “IBM.” There were 378,481 common stockholders of record at February 9, 2024.
The following table provides information relating to the company’s repurchase of common stock for the fourth quarter of 2023.
| Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (1) | ||||||||||||||||||||
| October 1, 2023—October 31, 2023 | — | $ | — | — | $ | 2,007,611,768 | |||||||||||||||||
| November 1, 2023—November 30, 2023 | — | $ | — | — | $ | 2,007,611,768 | |||||||||||||||||
| December 1, 2023—December 31, 2023 | — | $ | — | — | $ | 2,007,611,768 | |||||||||||||||||
| Total | — | $ | — | — |
(1) On October 30, 2018, the Board of Directors authorized $4.0 billion in funds for use in the company’s common stock repurchase program. The company stated that it would repurchase shares on the open market or in private transactions depending on market conditions. The common stock repurchase program does not have an expiration date. This table does not include shares tendered to satisfy the exercise price in connection with cashless exercises of employee stock options or shares tendered to satisfy tax withholding obligations in connection with employee equity awards. The company suspended its share repurchase program at the time of the Red Hat closing in 2019.
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