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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 July 3, 2022:
−Removed: Purchased (1) Average Price
−Removed: per Share Total Number of
−Removed: Shares Purchased
−Removed: as Part of Publicly
−Removed: Announced Plans
−Removed: or Programs (2)
−Removed: Dollar Value of
−Removed: Shares that May
−Removed: Yet Be Purchased
−Removed: Under the Plans or
−Removed: (in thousands of dollars)
−Removed: April 4 through May 1 — $ — — $ 109,983
−Removed: May 2 through May 29 679,000 $ 223.74 — $ 109,983
−Removed: May 30 through July 3 — $ — — $ 109,983
−Removed: Total 679,000 $ — —
−Removed: (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.
+Added: There were no purchases of our Common Stock during the three months ended October 2, 2022.
In July 2018, our Board of Directors approved a $500 million share repurchase authorization.
−Removed: As of July 3, 2022, approximately $110 million remained available for repurchases of our Common Stock under this program.
+Added: As of October 2, 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.
−Removed: In May 2021, our Board of Directors approved an additional $500 million share repurchase authorization (excluded from the table above).
+Added: In May 2021, our Board of Directors approved an additional $500 million share repurchase authorization.
This program is to commence after the existing 2018 authorization is completed and is to be utilized at management’s discretion.
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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.