filings.toolsItem 5. Market for the Company’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
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Item 5. Market for the Company’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
The Company’s common stock is listed on the New York and Chicago Stock Exchanges. Effective as of November 27, 2023, the Company’s common stock was delisted from the London Stock Exchange. The following table indicates the high and low prices (NYSE composite quotations) of the Company’s common stock in 2023 and 2022, and each quarterly period thereof:
| 2023 Stock Price Range | 2022 Stock Price Range | |||||||||||||||||||||||||
| High | Low | High | Low | |||||||||||||||||||||||
| First Quarter | $176.85 | $151.86 | $173.34 | $142.80 | ||||||||||||||||||||||
| Second Quarter | $189.02 | $165.86 | $183.14 | $143.33 | ||||||||||||||||||||||
| Third Quarter | $199.20 | $183.81 | $174.23 | $146.82 | ||||||||||||||||||||||
| Fourth Quarter | $202.81 | $184.02 | $176.75 | $148.14 | ||||||||||||||||||||||
| Full Year | $202.81 | $151.86 | $183.14 | $142.80 |
The Company has a share repurchases program authorized by the Board of Directors.
The Company repurchased approximately 6.4 million shares of its common stock for $1.15 billion in 2023. At December 31, 2023, the Company remained authorized to repurchase up to approximately $3.2 billion in shares of its common stock. There is no time limit on the authorization. The Company repurchased approximately 12.2 million shares of its common stock for $1.9 billion in 2022.
In March 2022, the Board of Directors of the Company authorized an additional $5 billion in share repurchases. This was in addition to the Company's existing share repurchase program, which had approximately $1.3 billion of remaining authorization at December 31, 2021.
The following information relates to the Company's repurchases of equity securities during each month within the fourth quarter of the fiscal year covered by this report:
| Period | Total Number of Shares (or Units) Purchased | Average Price Paid per Share (or Unit) | Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs | ||||||||||||||||||||||
| Oct 1-31, 2023 | 239,503 | $ | 187.95 | 239,503 | $ | 3,369,049,645 | ||||||||||||||||||||
| Nov 1-30, 2023 | 635,940 | $ | 197.13 | 635,940 | $ | 3,243,683,847 | ||||||||||||||||||||
| Dec 1-31, 2023 | 410,498 | $ | 193.91 | 410,498 | $ | 3,164,084,989 | ||||||||||||||||||||
| Total | 1,285,941 | $ | 194.39 | 1,285,941 | $ | 3,164,084,989 |
At February 8, 2024, there were 4,044 stockholders of record.
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