Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The Company’s purchases of its common stock during the first quarter of 2023 were as follows:
+Added: Issuer Purchases of Equity Securities
+Added: The Company’s purchases of its common stock during the second quarter of 2023 were as follows:
Total Number of
6 unchanged sentences
Purchased under the
−Removed: Purchased (2)
Average Price
Plans or Programs (1)
−Removed: Oct 31 to Nov 27
−Removed: Nov 28 to Dec 25
−Removed: Dec 26 to Jan 29
−Removed: (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 2.4 million shares based on the end of the first quarter 2023 closing share price of $418.18 per share.
−Removed: At the end of the first quarter of 2023, $995 million of common stock remains to be purchased under the December 2019 plan.
−Removed: In December 2022, the Board of Directors authorized the repurchase of up to $18,000 million of additional common stock.
−Removed: Based on the first quarter 2023 closing share price, the maximum number of shares that may be repurchased under the December 2022 plan was 43.0 million shares.
−Removed: (2) In the first quarter of 2023, 57 thousand shares were acquired 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 $434.88.
+Added: Jan 30 to Feb 26
+Added: Feb 27 to Mar 26
+Added: Mar 27 to Apr 30
+Added: (1) The Company had 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.
+Added: The share repurchases under the December 2019 plan were completed in April 2023.
+Added: The Company has a share repurchase plan that was announced in December 2022 to repurchase up to $18,000 million of shares of the Company’s common stock.
+Added: The maximum number of shares that may yet be repurchased under this plan was 46.8 million shares based on the end of the second quarter 2023 closing share price of $378.02 per share.
+Added: At the end of the second quarter of 2023, $17,694 million of common stock remains to be repurchased under this plan.
+Added: Sales of Unregistered Securities
+Added: During the second quarter of 2023, the Company issued 3,930 deferred stock units under the Deere & Company Nonemployee Director Stock Ownership Plan (“NEDSOP”) to the Company’s non-employee directors for their service on the Board of Directors of the Company.
+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 the plan.
+Added: Deferred stock units issued under the NEDSOP are exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506 of the SEC’s Regulation D thereunder.
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.