Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The Company’s purchases of its common stock during the first quarter of 2022 were as follows:
+Added: Issuer Purchases of Equity Securities
+Added: The Company’s purchases of its common stock during the second quarter of 2022 were as follows:
Total Number of
6 unchanged sentences
Purchased under the
−Removed: Purchased (2)
Average Price
1 unchanged sentence
Paid Per Share
−Removed: Nov 1 to Nov 28
−Removed: Nov 29 to Dec 26
−Removed: Dec 27 to Jan 30
+Added: Jan 31 to Feb 27
+Added: Feb 28 to Mar 27
+Added: Mar 28 to May 1
(1) The Company has a share repurchase plan that was announced in December 2019 to purchase up to $8,000 million of shares of the Company’s common stock.
−Removed: The maximum number of shares that may yet be purchased under the December 2019 plan was based on the end of the first quarter closing share price of $373.79 per share.
−Removed: At the end of the first quarter of 2022, $5,202 million of common stock remains to be purchased under the plan.
−Removed: (2) In the first quarter of 2022, 39 thousand shares were purchased from plan participants at a market price to pay payroll taxes on certain restricted stock awards.
−Removed: The shares were valued at a weighted-average market price of $358.36.
+Added: The maximum number of shares that may yet be purchased under this plan was based on the end of the second quarter closing share price of $377.55 per share.
+Added: At the end of the second quarter of 2022, $4,599 million of common stock remained to be purchased under the plan.
+Added: Sales of Unregistered Securities
+Added: During the second quarter of 2022, the Company’s stockholders authorized 500,000 shares under a new Deere & Company Nonemployee Director Stock Ownership Plan pursuant to the exemption from registration provided by Section 4(a)(2) of the Securities Act and Rule of 506 of the SEC’s Regulation D thereunder.
+Added: Under this new plan, the Company issued 4,250 deferred stock units.
+Added: The deferred stock units convert to shares of common stock on a one-for-one basis following a termination of service as described in this plan.
+Added: Also during the second quarter of 2022, the Company distributed 32,635 deferred stock units and deferred stock awards to participant accounts under the previous Deere & Company Nonemployee Director Stock Ownership Plan.
+Added: The deferred stock units and deferred stock awards converted to shares of common stock on a one-for-one basis.
Defaults Upon Senior Securities
2 unchanged sentences
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.