−Removed: Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities.
+Added: Unregistered Sales of Equity Securities and Use of Proceeds.
Issuer Purchases of Equity Securities
−Removed: There were no purchases of our Common Stock during the three months ended October 1, 2023.
−Removed: During the three months ended October 1, 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 paragraph.
−Removed: In May 2021, our Board of Directors approved a $500 million share repurchase authorization.
−Removed: As of October 1, 2023 approximately $370 million remains available for repurchase under the May 2021 share repurchase authorization.
−Removed: The share repurchase program does not have an expiration date.
+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 March 31, 2024.
+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 28 — $ — — $ 870,073
+Added: January 29 through February 25 483,033 $ 194.39 — $ 870,073
+Added: February 26 through March 31 — $ 197.80 2,022,064 $ 470,073
+Added: Total 483,033 $ — 2,022,064
+Added: (1) During the three months ended March 31, 2024, 483,033 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 paragraph.
+Added: (2) In May 2021, our Board of Directors approved a $500 million share repurchase authorization, which was completed as of March 31, 2024.
+Added: In December 2023, our Board of Directors approved an additional $500 million share repurchase authorization.
+Added: This program commenced after the existing May 2021 authorization was completed and is to be utilized at management’s discretion.
+Added: As a result of the share repurchase authorization, approximately $470 million remains available for repurchases under our December 2023 share repurchase authorization.
+Added: We are authorized to purchase our outstanding shares in open market and privately negotiated transactions.
+Added: The program has no expiration date and acquired shares of Common Stock will be held as treasury shares.
+Added: Purchases under approved share repurchase authorizations are in addition to our practice of buying back shares sufficient to offset those issued under incentive compensation plans.
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.