filings.toolsItem 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Common Stock (NYSE: CAT)
Listing Information: Caterpillar common stock is listed on the New York Stock Exchange in the United States, and on stock exchanges in France and Switzerland.
Number of Shareholders: Shareholders of record at the end of 2021 totaled 22,559, compared with 23,299 at the end of 2020.
Performance Graph: Total Cumulative Shareholder Return for Five-Year Period Ending December 31, 2021
The graph below shows the cumulative shareholder return assuming an investment of $100 on December 31, 2016, and reinvestment of dividends issued thereafter.
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |||||||||||||||||||||||||||||||||
| Caterpillar Inc. | $ | 100.00 | $ | 175.03 | $ | 144.30 | $ | 172.46 | $ | 218.96 | $ | 253.90 | ||||||||||||||||||||||||||
| S&P 500 | $ | 100.00 | $ | 121.83 | $ | 116.49 | $ | 153.17 | $ | 181.35 | $ | 233.41 | ||||||||||||||||||||||||||
| S&P 500 Machinery | $ | 100.00 | $ | 133.94 | $ | 121.46 | $ | 158.26 | $ | 195.32 | $ | 234.70 |
Non-U.S. Employee Stock Purchase Plans
As of December 31, 2021, we had 28 employee stock purchase plans (the “EIP Plans”) administered outside the United States for our non-U.S. employees, which had approximately 13,000 active participants in the aggregate. During the fourth quarter of 2021, approximately 83,000 shares of Caterpillar common stock were purchased by the EIP Plans pursuant to the terms of such plans.
Issuer Purchases of Equity Securities
| Period | Total Number of Shares Purchased2,3 | Average Price Paid per Share2,3 | 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 | ||||||||||||||||||||||
| October 1-31, 2021 | 908,433 | $ | 195.66 | 908,433 | $ | 2.966 | ||||||||||||||||||||
| November 1-30, 2021 | 2,350,143 | $ | 205.52 | 2,350,143 | $ | 2.483 | ||||||||||||||||||||
| December 1-31, 2021 | 1,956,330 | $ | 196.66 | 1,956,330 | $ | 2.099 | ||||||||||||||||||||
| Total | 5,214,906 | $ | 200.48 | 5,214,906 | ||||||||||||||||||||||
| 1 In July 2018, the Board approved a share repurchase authorization of up to $10.0 billion of Caterpillar common stock effective January 1, 2019, with no expiration (the 2018 Authorization). As of December 31, 2021, approximately $2.1 billion remained available under the 2018 Authorization. | ||||||||||||||||||||||||||
| 2 During the fourth quarter of 2021, we entered into an ASR with a third-party financial institution to purchase $500 million of our common stock. In November 2021, upon payment of the $500 million to the financial institution, we received 2.0 million shares. In December 2021, upon final settlement of the ASR, we received an additional 0.5 million shares. In total, we repurchased 2.5 million shares under this ASR at an average price per share of $200.93. | ||||||||||||||||||||||||||
| 3 In October, November and December of 2021, we repurchased 0.9 million, 0.4 million and 1.4 million shares respectively, for an aggregate of $545 million in open market transactions at an average price per share of $195.66, $205.54 and $201.33, respectively. | ||||||||||||||||||||||||||
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