filings.toolsItem 1A. Risk Factors
3K 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, 2021.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
| Period | Total Number of Shares Purchased2 | Average Price Paid per Share2 | 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, 2022 | 591,861 | $ | 177.08 | 591,861 | $ | 0.070 | ||||||||||||||||||||
| August 1-31, 2022 | 3,015,701 | $ | 192.33 | 3,015,701 | $ | 14.420 | ||||||||||||||||||||
| September 1-30, 2022 | 3,967,760 | $ | 176.42 | 3,967,760 | $ | 13.720 | ||||||||||||||||||||
| Total | 7,575,322 | $ | 182.80 | 7,575,322 | ||||||||||||||||||||||
| 1 In July 2018, the Board approved a share repurchase authorization (the 2018 Authorization) of up to $10.0 billion of Caterpillar common stock effective January 1, 2019, with no expiration. In May 2022, the Board approved a new share repurchase authorization (the 2022 Authorization) of up to $15.0 billion of Caterpillar common stock effective August 1, 2022, with no expiration. Utilization of the 2022 Authorization for all share repurchases commenced on August 1, 2022, leaving approximately $70 million unutilized under the 2018 Authorization as of September 30, 2022. As of September 30, 2022, $13.7 billion remained available under the 2022 Authorization. | ||||||||||||||||||||||||||
| 2 In July, August and September of 2022, we repurchased 0.6 million, 3.0 million and 4.0 million shares respectively, for an aggregate of $1.4 billion in open market transactions at an average price per share of $177.08, $192.33 and $176.42, respectively. | ||||||||||||||||||||||||||
Non-U.S. Employee Stock Purchase Plans
As of September 30, 2022, 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 13,000 active participants in the aggregate. During the third quarter of 2022, approximately 81,000 shares of Caterpillar common stock were purchased by the EIP Plans pursuant to the terms of such plans.
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