CNH Industrial NV
For the period ended Mar 31, 2024. Filed May 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 6, 2024
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Unregistered sales of equity securities and use of proceeds
On November 7, 2023 CNH announced its $1 billion share buyback program that expired on March 1, 2024. In February 2024, the Company’s Board of Directors authorized a $500 million share buyback program under which the Company may repurchase its common shares commencing after the maturity or exhaustion of the limit of the existing $1 billion share buyback program in the open market or through privately negotiated or other transactions, including at the Company’s election trading plans under Rule 10b5-1 under the Securities Exchange Act of 1934 depending on share price, market conditions and other factors.
The Company’s purchases of its common shares under the buyback programs during the three months ended March 31, 2024, were as follows:
| Period | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Average Price Paid per Share ($) | Approximate USD Value of Shares that May Yet Be Purchased under the Plans or Programs ($) |
|---|---|---|---|
| 1/1/2024 - 1/31/2024(1) | 31,583,784 | 11.86 | 223,722,772 |
| 2/1/2024 -2/29/2024 | 14,029,286 | 12.18 | 52,881,603 |
| 3/1/2024 - 3/31/2024(2) | 2,999,218 | 11.95 | 470,091,739 |
| Total | 48,612,288 | 470,091,739 |
January 2024 activity included 2,715,373 shares repurchased on Euronext Milan at an average price per share of €10.98 and have been translated from Euros at the exchange rate reported by the European Central Bank on the respective transaction dates.
The $1 billion share buyback program expired on March 1, 2024 and the $500 million share buyback announced in February 2024 commenced.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.