LINCOLN ELECTRIC HOLDINGS INC
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
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Item 4. MINE SAFETY DISCLOSURES
Not applicable.
Part II
The Company’s common shares are traded on The NASDAQ Global Select Market under the symbol "LECO." The number of record holders of common shares at December 31, 2023 was 2,214.
Issuer purchases of equity securities for the fourth quarter 2023 were:
| · · · · · · · · · | |||||
|---|---|---|---|---|---|
| · · · · · · Total Number ofShares · · Maximum Number | |||||
| · · · · · · · Purchased · · of Shares that May | |||||
| · · Total Number of · · · · · as Part of Publicly · · Yet be Purchased | |||||
| · · Shares · · Average Price · · Announced Plans or · · Under the Plans | |||||
| Period · · Purchased · · Paid Per Share · · Programs · · or Programs (2) | |||||
| October 1 - 31, 2023 | 100,749 | (1) | $179.12 | 98,253 | 8,107,766 |
| November 1 - 30, 2023 | 132,659 | (1) | 188.51 | 132,617 | 7,975,149 |
| December 1 - 31, 2023 | 120,132 | (1) | 209.13 | 116,629 | 7,858,520 |
| Total | 353,540 | | 192.84 | 347,499 | |
| (1) | The above share repurchases include the surrender of the Company’s common shares in connection with the vesting of restricted awards. |
| (2) | On February 12, 2020, the Company’s Board of Directors authorized a share repurchase program for up to 10 million shares of the Company’s common stock. Total shares purchased through the share repurchase program were 2.1 million shares at a total cost of $334.9 million for a weighted average cost of $156.37 per share through December 31, 2023. |
The following line graph compares the yearly percentage change in the cumulative total shareholder return on the Company’s common stock against the cumulative total return of the S&P Composite 500 Stock Index ("S&P 500") and the S&P 400 MidCap Index ("S&P 400") for the five-year calendar period commencing January 1, 2019 and ending December 31, 2023. This graph assumes that $100 was invested on December 31, 2018 in each of the Company’s common shares, the S&P 500 and the S&P 400. A peer-group index for the welding industry, in general, is not readily available because the industry is comprised of a large number of privately held competitors and competitors that are smaller parts of large publicly traded companies.
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