DEERE & CO 10-Q

Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds Issuer Purchases of Equity Securities The Company’s purchases of its common stock during the second quarter of 2023 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Number of ​ ​ ​ ​ ​ ​ ​ ​ Shares Purchased as ​ Maximum Number of ​ ​ Total Number of ​ ​ ​ ​ Part of Publicly ​ Shares that May Yet Be ​ ​ Shares ​ ​ ​ ​ Announced Plans or ​ Purchased under the ​ ​ Purchased ​ Average Price ​ Programs (1) ​ Plans or Programs (1) Period ​ (thousands) ​ Per Share ​ (thousands) ​ (millions) Jan 30 to Feb 26 ​ 434 $ 418.32 ​ 434 ​ 49.8 ​ ​ Feb 27 to Mar 26 ​ 1,075 ​ ​ 413.41 ​ 1,075 ​ 48.6 ​ ​ Mar 27 to Apr 30 ​ 1,716 ​ ​ 393.04 ​ 1,716 ​ 46.8 ​ ​ Total ​ 3,225 ​ ​ ​ ​ 3,225 ​ ​ ​ ​ (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. The share repurchases under the December 2019 plan were completed in April 2023. 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. 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. At the end of the second quarter of 2023, $17,694 million of common stock remains to be repurchased under this plan. ​ Sales of Unregistered Securities 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. 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. 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. 42 ​ Item 3.    Defaults Upon Senior Securities None. Item 4.    Mine Safety Disclosures Not applicable. ​