−Removed: Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
Period Total Number
−Removed: Purchased 2,3
−Removed: Average Price
+Added: Purchased Average Price
Paid per Share
4 unchanged sentences
under the Program (in billions) 1
−Removed: July 1-31, 2023 518,457 $ 228.66 518,457 $ 10.970
−Removed: August 1-31, 2023 684,126 $ 277.72 684,126 $ 10.780
−Removed: September 1-30, 2023 680,904 $ 279.03 680,904 $ 10.590
+Added: January 1-31, 2024 1,807,341 $ 290.48 1,807,341 $ 7.300
+Added: February 1-29, 2024 9,087,832 $ 317.80 9,087,832 2
+Added: March 1-31, 2024 433,314 $ 346.15 433,314 $ 3.370
Total 11,328,487 $ 314.53 11,328,487
1 In May 2022, the Board approved a share repurchase authorization (the 2022 Authorization) of up to $15.0 billion of Caterpillar common stock effective August 1, 2022, with no expiration.
−Removed: As of September 30, 2023, $10.6 billion remained available under the 2022 Authorization.
−Removed: 2 During the second quarter of 2023, we entered into an accelerated share repurchase agreement ("ASR") with a third-party financial institution to purchase $750 million of our common stock.
−Removed: In May 2023, upon payment of the $750 million to the financial institution, we received 2.8 million shares.
−Removed: In July 2023, upon final settlement of the ASR, we received an additional 0.5 million shares.
−Removed: In total, we repurchased 3.3 million shares under this ASR at an average price per share of $228.66.
−Removed: 3 In both August and September of 2023, we repurchased 0.7 million shares, respectively, for an aggregate of $380 million in open market transactions at an average price per share of $277.72 and $279.03, respectively.
+Added: As of March 31, 2024, approximately $3.4 billion remained available under the 2022 Authorization.
+Added: 2 Includes shares acquired pursuant to the accelerated share repurchase agreements entered into during the fourth quarter of 2023 and first quarter of 2024.
Employee Stock Purchase Plans
−Removed: As of September 30, 2023, we had 28 employee stock purchase plans (the “EIP Plans”) that are administered outside the United States for our non-U.S.
+Added: As of March 31, 2024, we had 32 employee stock purchase plans (the “EIP Plans”) that are administered outside the United States for our non-U.S.
employees, which had approximately 15,000 active participants in the aggregate.
−Removed: During the third quarter of 2023, approximately 61,000 shares of Caterpillar common stock were purchased by the EIP Plans pursuant to the terms of such plans.
+Added: During the first quarter of 2024, approximately 54,000 shares of Caterpillar common stock were purchased by the EIP Plans pursuant to the terms of such plans.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.