1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: The following table shows the purchases of shares of Common Stock made by or on behalf of Hershey, or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934, as amended) of Hershey, for each fiscal month in the three months ended April 4, 2021:
+Added: The following table shows the purchases of shares of Common Stock made by or on behalf of Hershey, or any “affiliated purchaser” (as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934, as amended) of Hershey, for each fiscal month in the three months ended July 4, 2021:
Purchased (1) Average Price
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(in thousands of dollars)
−Removed: January 1 through January 31 595,000 $ 149.62 — $ 260,000
−Removed: February 1 through February 28 870,000 $ 149.54 — $ 260,000
−Removed: March 1 through April 4 143,500 $ 147.98 — $ 260,000
+Added: April 5 through May 2 — $ — — $ 260,000
+Added: May 3 through May 30 1,134,144 $ 171.04 871,144 $ 109,983
+Added: May 31 through July 4 — $ — — $ 109,983
Total 1,134,144 $ 171.04 871,144
−Removed: (1) During the three months ended April 4, 2021, 1,608,500 shares of Common Stock were purchased in open market transactions in connection with our practice of buying back shares sufficient to offset those issued under incentive compensation plans.
+Added: (1) During the three months ended July 4, 2021, 1,134,144 shares of Common Stock were purchased in open market transactions in connection with our practice of buying back shares sufficient to offset those issued under incentive compensation plans.
(2) In July 2018, our Board of Directors approved a $500 million share repurchase authorization.
−Removed: As of April 4, 2021, approximately $260 million remained available for repurchases of our Common Stock under this program.
+Added: As of July 4, 2021, approximately $110 million remained available for repurchases of our Common Stock under this program.
The share repurchase program does not have an expiration date.
+Added: In May 2021, our Board of Directors approved an additional $500 million share repurchase authorization (excluded from the table above).
+Added: This program is to commence after the existing 2018 authorization is completed and is to be utilized at management's discretion.
Defaults Upon Senior Securities.
3 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.