filings.toolsItem 1A. Risk Factors
4K characters. Original on sec.gov ·
Item 1A. Risk Factors
There have been no material changes to the risk factors we previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2020.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
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 | ||||||||||||||||||||||
| July 1-31, 2021 | 2,134,721 | $ | 211.64 | 2,134,721 | $ | 4.064 | ||||||||||||||||||||
| August 1-31, 2021 | 3,117,946 | $ | 207.19 | 3,117,946 | $ | 3.418 | ||||||||||||||||||||
| September 1-30, 2021 | 1,357,771 | $ | 201.53 | 1,357,771 | $ | 3.144 | ||||||||||||||||||||
| Total | 6,610,438 | $ | 207.46 | 6,610,438 | ||||||||||||||||||||||
| 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 September 30, 2021, approximately $3.1 billion remained available under the 2018 Authorization. | ||||||||||||||||||||||||||
| 2 During the third quarter of 2021, we entered into an ASR with a third-party financial institution to purchase $750 million of our common stock. In August 2021, upon payment of the $750 million to the financial institution, we received 2.9 million shares. In September 2021, upon final settlement of the ASR, we received an additional 0.7 million shares. In total, we repurchased 3.6 million shares under this ASR at an average price per share of $206.21. | ||||||||||||||||||||||||||
| 3 In July, August and September of 2021, we repurchased 2.2 million, 0.2 million and 0.6 million shares respectively, for an aggregate of $622 million in open market transactions at an average price per share of $211.64, $208.70 and $200.00, respectively. | ||||||||||||||||||||||||||
Non-U.S. Employee Stock Purchase Plans
As of September 30, 2021, we had 28 employee stock purchase plans (the “EIP Plans”) that are administered outside the United States for our non-U.S. employees, which had approximately 12,000 active participants in the aggregate. During the third quarter of 2021, approximately 73,000 shares of Caterpillar common stock were purchased by the EIP Plans pursuant to the terms of such plans.
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