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 is listed on the New York Stock Exchange and traded under the symbol SHW. The number of shareholders of record at January 31, 2020 was 5,656. The information with respect to securities authorized for issuance under the Company’s equity compensation plans is set forth under the caption “Equity Compensation Plan Information” in our Proxy Statement, which is incorporated herein by reference.
Issuer Purchases of Equity Securities
The following table sets forth a summary of the Company’s purchases of common stock during the fourth quarter of 2019.
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of a Publicly Announced Plan | Maximum Number of Shares that May Yet Be Purchased Under the Plan | |||||||||
| October 1 – October 31 | |||||||||||||
| Share repurchase program (1) | 250,000 | $ | 576.00 | 250,000 | 8,550,000 | ||||||||
| Employee transactions (2) | 759 | $ | 562.89 | N/A | |||||||||
| November 1 – November 30 | |||||||||||||
| Share repurchase program (1) | 75,000 | $ | 569.25 | 75,000 | 8,475,000 | ||||||||
| Employee transactions (2) | 1,282 | $ | 593.83 | N/A | |||||||||
| December 1 – December 31 | |||||||||||||
| Share repurchase program (1) | 25,000 | $ | 574.63 | 25,000 | 8,450,000 | ||||||||
| Employee transactions (2) | 657 | $ | 577.32 | N/A | |||||||||
| Total | |||||||||||||
| Share repurchase program (1) | 350,000 | $ | 574.46 | 350,000 | 8,450,000 | ||||||||
| Employee transactions (2) | 2,698 | $ | 581.11 | N/A |
| (1) | All shares are purchased through the Company’s publicly announced share repurchase program. There is no expiration date specified for the program. The Company had remaining authorization at December 31, 2019 to purchase 8,450,000 shares. |
| (2) | All shares were delivered to satisfy the exercise price and/or tax withholding obligations by employees who exercised stock options or had shares of restricted stock vest. |
Comparison of Cumulative Total Return
The following graph compares the cumulative total shareholder return on Sherwin-Williams common stock with the cumulative five-year total return of the companies listed on the Standard & Poor's 500 Stock Index and a peer group of companies selected on a line-of-business basis. The cumulative five-year total return assumes $100 was invested on December 31, 2014 in Sherwin-Williams common stock, the S&P 500 and the peer group. The cumulative five-year total return, including reinvestment of dividends, represents the cumulative value through December 31, 2019.
Peer group of companies comprised of the following: Akzo Nobel N.V., BASF SE, Genuine Parts Company, H.B. Fuller Company, The Home Depot, Inc., Lowe's Companies, Inc., Masco Corporation, Newell Brands Inc., PPG Industries, Inc., RPM International Inc., Stanley Black & Decker Inc. and USG Corporation (included through April 2019 when it was acquired by Gebr. Knauf KG).
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