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 Information
Our common stock is listed on The Nasdaq Stock Market under the ticker symbol “NDAQ.” As of February 12, 2025, we had approximately 193 holders of record of our common stock.
Issuer Purchases of Equity Securities
Share Repurchase Program
See “Share Repurchase Program,” of Note 12, “Nasdaq Stockholders’ Equity,” to the consolidated financial statements for further discussion of our share repurchase program.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
The table below represents repurchases made by or on behalf of us or any “affiliated purchaser” of our common stock during the fiscal quarter ended December 31, 2024:
| Period | Total Number of Shares Purchased | Average Price Paid Per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions) | ||||||||||||||||||||||
| October 2024 | ||||||||||||||||||||||||||
| Share repurchase program | — | $ | — | — | $ | 1,745 | ||||||||||||||||||||
| Employee transactions | 4,444 | $ | 73.00 | N/A | N/A | |||||||||||||||||||||
| November 2024 | ||||||||||||||||||||||||||
| Share repurchase program | — | $ | — | — | $ | 1,745 | ||||||||||||||||||||
| Employee transactions | 10,561 | $ | 74.32 | N/A | N/A | |||||||||||||||||||||
| December 2024 | ||||||||||||||||||||||||||
| Share repurchase program | — | $ | — | — | $ | 1,745 | ||||||||||||||||||||
| Employee transactions | 44,463 | $ | 79.38 | N/A | N/A | |||||||||||||||||||||
| Total Quarter Ended December 31, 2024 | ||||||||||||||||||||||||||
| Share repurchase program | — | $ | — | — | $ | 1,745 | ||||||||||||||||||||
| Employee transactions | 59,468 | $ | 78.00 | N/A | N/A |
In the preceding table:
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N/A - Not applicable.
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See “Share Repurchase Program,” of Note 12, “Nasdaq Stockholders’ Equity,” to the consolidated financial statements for further discussion of our share repurchase program.
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Employee transactions represents shares surrendered to us to satisfy tax withholding obligations arising from the vesting of restricted stock and PSUs previously issued to employees.
PERFORMANCE GRAPH
The following performance graph and related information shall not be deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference into any of our other filings under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
The following graph compares the total return of our common stock to the Nasdaq Composite Index, the S&P 500 and S&P 500 GICS 4020 Index, our peer group, for the past five years.
| Year Ended December 31, | |||||||||||||||||||||||||||||||||||
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | ||||||||||||||||||||||||||||||
| Nasdaq, Inc. | $ | 100 | $ | 126 | $ | 202 | $ | 179 | $ | 173 | $ | 233 | |||||||||||||||||||||||
| Nasdaq Composite Index | 100 | 145 | 177 | 119 | 173 | 224 | |||||||||||||||||||||||||||||
| S&P 500 | 100 | 118 | 152 | 125 | 158 | 197 | |||||||||||||||||||||||||||||
| S&P 500 GICS 4020 Index | 100 | 111 | 151 | 134 | 155 | 199 |
The figures represented below assume an initial investment of $100 in the common stock or index at the closing price on December 31, 2019 and the reinvestment of all dividends.
COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN
Among Nasdaq, Inc., the Nasdaq Composite Index, the S&P 500 and S&P 500 GICS 4020 Index
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