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 3, 2022:
+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 3, 2022:
Purchased (1) Average Price
9 unchanged sentences
(in thousands of dollars)
−Removed: January 1 through January 30 — $ — — $ 109,983
−Removed: January 31 through February 27 1,000,000 $ 203.35 — $ 109,983
−Removed: February 28 through April 3 — $ — — $ 109,983
+Added: April 4 through May 1 — $ — — $ 109,983
+Added: May 2 through May 29 679,000 $ 223.74 — $ 109,983
+Added: May 30 through July 3 — $ — — $ 109,983
Total 679,000 $ — —
−Removed: (1) During the three months ended April 3, 2022, no 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.
−Removed: In February 2022, the Company entered into a Stock Purchase Agreement with Hershey Trust Company, as trustee for the Milton Hershey School Trust, pursuant to which the Company purchased 1,000,000 shares of the Company’s Common Stock from the Milton Hershey School Trust at a price equal to $203.35 per share, for a total purchase price of $203.4 million.
+Added: (1) During the three months ended July 3, 2022, 679,000 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 3, 2022, approximately $110 million remained available for repurchases of our Common Stock under this program.
+Added: As of July 3, 2022, approximately $110 million remained available for repurchases of our Common Stock under this program.
The share repurchase program does not have an expiration date.
6 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.