Overview of the Company’s Financial Performance

The report provides an overview of the market information and shareholder details for Graham Holdings Company (GHC). The company’s Class B Common Stock is traded on the NYSE under the symbol “GHC,” while the Class A Common Stock is not publicly traded. As of January 31, 2025, there were 27 holders of record of the Class A Common Stock and 309 holders of record of the Class B Common Stock.

Purchases of Equity Securities

During the quarter ended December 31, 2024, the company purchased a total of 19,672 shares of its Class B Common Stock at an average price of $815.77 per share. These share repurchases were made through open market transactions or to enable employees to obtain the funds necessary to satisfy taxes incurred in connection with the vesting of restricted stock awards. Some of these shares were purchased pursuant to a 10b5-1 trading plan.

The company’s Board of Directors had previously authorized the company to purchase up to 500,000 shares of its Class B Common Stock, and this authorization remains in effect with no expiration date.

Performance Graph

The report includes a performance graph that compares the yearly percentage change in the company’s cumulative total shareholder return with the cumulative total return of the Standard & Poor’s 500 Stock Index (S&P 500 Index) and a custom peer group index comprised of a composite group of education and television broadcasting companies.

The graph shows the investment of $100 on December 31, 2019, in the company’s Class B Common Stock, the S&P 500 Index, and the custom peer group index of composite companies. It assumes that dividends were reinvested on the date paid in the case of the company, and on a quarterly basis in the case of the S&P 500 Index and the custom peer group index of composite companies.