DEERE & CO 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds Issuer Purchases of Equity Securities Purchases of our common stock during the first quarter of 2025 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 (2) ​ Average Price ​ Programs (1) ​ Plans or Programs (1) Period ​ (thousands) ​ Per Share ​ (thousands) ​ (millions) Oct 28 to Nov 24 ​ 367 $ 405.87 ​ 367 ​ 18.4 ​ Nov 25 to Dec 22 ​ 285 ​ ​ 446.16 ​ 263 ​ 18.1 ​ Dec 23 to Jan 26 ​ 247 ​ ​ 435.17 ​ 247 ​ 17.9 ​ Total ​ 899 ​ ​ ​ ​ 877 ​ ​ ​ (1) We have a share repurchase plan that was announced in December 2022 to purchase up to $18.0 billion of shares of our common stock. The maximum number of shares that may yet be purchased under this plan was 17.9 million based on the closing price of our common stock on the New York Stock Exchange as of the end of the first quarter of 2025 of $478.77 per share. At the end of the first quarter of 2025, $8.6 billion of common stock remains to be purchased under this plan. (2) In the first quarter of 2025, 22 thousand shares of common stock were acquired from plan participants at a weighted-average market price of $439.24 per share to pay payroll taxes on the vesting of restricted stock awards. Sales of Unregistered Equity Securities During the first quarter of 2025, we issued 145 deferred stock units under the Deere & Company Nonemployee Director Stock Ownership Plan (“NEDSOP”) to a nonemployee director for their service on our Board of Directors. 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 and shares of common stock 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. On January 2, 2025, we distributed 1,386 shares of common stock to a participant account under the 2012 NEDSOP. ​ Item 3. Defaults Upon Senior Securities None. ​ Item 4. Mine Safety Disclosures Not applicable. ​