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 traded on The Nasdaq Global Select Market under the symbol “VRTX.”
Shareholders
As of February 7, 2025, there were 101 holders of record of our common stock.
Performance Graph
Our performance graph includes the NASDAQ Biotechnology Index, which we believe is a comparable index consisting of companies with similar industry classifications, and which we plan to use in our future performance graphs.
Dividends
We have never paid any cash dividends on our common stock, and we do not anticipate paying any in the foreseeable future.
Issuer Repurchases of Equity Securities
In February 2023, our Board of Directors approved a share repurchase program (the “Share Repurchase Program”) pursuant to which we are authorized to repurchase up to $3.0 billion of our common stock. Our Share Repurchase Program does not have an expiration date and can be discontinued at any time. The table set forth below shows repurchases of securities by us during the three months ended December 31, 2024 under our Share Repurchase Program.
| Period | Total Number of Shares Purchased | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Programs (1) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Programs (1) | |||||||||||||||||||
| Oct. 1, 2024 to Oct. 31, 2024 | 230,000 | $ | 472.77 | 230,000 | $ | 1,699,865,374 | |||||||||||||||||
| Nov. 1, 2024 to Nov. 30, 2024 | 221,000 | $ | 471.15 | 221,000 | $ | 1,595,740,301 | |||||||||||||||||
| Dec. 1, 2024 to Dec. 31, 2024 | 510,129 | $ | 420.46 | 510,129 | $ | 1,381,251,940 | |||||||||||||||||
| Total | 961,129 | $ | 444.63 | 961,129 | $ | 1,381,251,940 |
(1)Under our Share Repurchase Program, we are authorized to purchase shares from time to time through open market or privately negotiated transactions. Such purchases may be made pursuant to Rule 10b5-1 plans or other means as determined by our management and in accordance with the requirements of the Securities and Exchange Commission.
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