1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: There were no purchases of our Common Stock during the three months ended October 2, 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 April 2, 2023:
+Added: Purchased (1) Average Price
+Added: per Share Total Number of
+Added: Shares Purchased
+Added: as Part of Publicly
+Added: Announced Plans
+Added: or Programs (2)
+Added: Dollar Value of
+Added: Shares that May
+Added: Yet Be Purchased
+Added: Under the Plans or
+Added: (in thousands of dollars)
+Added: January 1 through January 29 — $ — — $ 609,983
+Added: January 30 through February 26 1,000,000 $ 239.91 — $ 370,073
+Added: February 27 through April 2 — $ — — $ 370,073
+Added: Total 1,000,000 $ 239.91 —
+Added: (1) During the three months ended April 2, 2023, no shares of Common Stock were purchased in open market transactions in connection with our standing authorization to buy back shares sufficient to offset those issued under incentive compensation plans, which authorization does not have a dollar or share limit and is not included in our share repurchase authorizations described in the following note (2).
+Added: In February 2023, 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 $239.91 per share, for a total purchase price of $239.9 million.
(2) In July 2018, our Board of Directors approved a $500 million share repurchase authorization.
−Removed: As of October 2, 2022, approximately $110 million remained available for repurchases of our Common Stock under this program.
−Removed: The share repurchase program does not have an expiration date.
In May 2021, our Board of Directors approved an additional $500 million share repurchase authorization.
−Removed: This program is to commence after the existing 2018 authorization is completed and is to be utilized at management’s discretion.
+Added: As a result of the February 2023 Stock Purchase Agreement with Hershey Trust Company, as trustee for the Milton Hershey School Trust, the July 2018 share repurchase authorization program was completed and as of April 2, 2023 approximately $370 million remains available for repurchase under the May 2021 share repurchase authorization.
+Added: The share repurchase program does not have an expiration date.
+Added: The Hershey Company | Q1 2023 Form 10-Q | Page 45
Defaults Upon Senior Securities.
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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.