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 Class P common stock is listed for trading on the NYSE under the symbol “KMI.”
As of February 15, 2024, we had 9,540 holders of record of our Class P common stock, which does not include beneficial owners whose shares are held by a nominee, such as a broker or bank.
For information on our equity compensation plans, see Note 10 “Share-based Compensation and Employee Benefits*—Share-based Compensation*” to our consolidated financial statements. For information about our expectations regarding dividends, please see Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations—General—2024 Dividends and Discretionary Capital.”
Our Purchases of Our Class P Stock
(During the quarter ended December 31, 2023)
| Settlement Period | Total number of securities purchased(a) | Average price paid per security(b) | Total number of securities purchased as part of publicly announced plans(a) | Approximate dollar value of securities that may yet be purchased under the plans or programs(a) | ||||||||||||||||||||||
| October 1 to October 31, 2023 | 5,706,428 | $ | 16.41 | 5,706,428 | $ | 1,574,253,794 | ||||||||||||||||||||
| November 1 to November 30, 2023 | 2,386,705 | 16.26 | 2,386,705 | 1,535,434,677 | ||||||||||||||||||||||
| December 1 to December 31, 2023 | — | — | — | 1,535,434,677 | ||||||||||||||||||||||
| Total | 8,093,133 | $ | 16.37 | 8,093,133 | $ | 1,535,434,677 |
(a)On July 19, 2017, our Board approved a $2 billion common share buy-back program. On January 18, 2023, our Board approved an increase in our share repurchase authorization to $3 billion from $2 billion. After repurchase, the shares are canceled and no longer outstanding.
(b)Amount includes any commission or other costs to repurchase shares.
Subsequent to December 31, 2023 and through February 16, 2024, we repurchased less than 1 million shares at an average price of $16.50 for $7 million.
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