Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
Period Total Number
of Shares
Purchased Average Price
Paid per Share
Total Number
of Shares Purchased
as Part of Publicly Announced Program Approximate Dollar
Value of Shares that
May Yet be Purchased
under the Program (in billions) 1
April 1-30, 2025 1,790,132 $ 295.04 1,790,132 $ 15.940
May 1-31, 2025 543,069 $ 331.42 543,069 $ 15.760
June 1-30, 2025 332,974 $ 360.36 332,974 $ 15.640
Total 2,666,175 $ 310.61 2,666,175
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. In June 2024, the Board approved an additional share repurchase authorization (the 2024 Authorization) of up to $20.0 billion of Caterpillar common stock, effective June 12, 2024, with no expiration. As of March 31,2025, the 2022 Authorization was fully utilized and as of June 30,2025, approximately $15.6 billion remained available under the 2024 Authorization.
Non-U.S. Employee Stock Purchase Plans
As of June 30, 2025, we had 38 employee stock purchase plans (the “EIP Plans”) that are administered outside the United States for our non-U.S. employees, which had approximately 17,000 active participants in the aggregate. During the second quarter of 2025, approximately 58,000 shares of Caterpillar common stock were purchased by the EIP Plans pursuant to the terms of such plans.
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