10 unchanged sentences
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 December 31, 2023:
−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: October 2 through October 29 — $ — — $ 370,073
−Removed: October 30 through November 26 127,609 $ 196.33 — $ 370,073
−Removed: November 27 through December 31 — $ — — $ 370,073
−Removed: Total 127,609 $ — —
−Removed: (1) During the three months ended December 31, 2023, 127,609 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).
−Removed: (2) In July 2018, our Board of Directors approved a $500 million share repurchase authorization.
−Removed: In May 2021, our Board of Directors approved an additional $500 million share repurchase authorization.
−Removed: As a result of the February 2023 Stock Purchase Agreement with Hershey Trust Company, as trustee for the Milton Hershey School Trust (the “School Trust”), the July 2018 share repurchase authorization was completed and as of December 31, 2023, approximately $370 million remained available for repurchases of our Common Stock under our May 2021 share repurchase authorization.
+Added: There were no 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 December 31, 2024.
+Added: In July 2018, our Board of Directors approved a $500 million share repurchase authorization to repurchase shares of our Common Stock.
+Added: As a result of the February 2023 Stock Purchase Agreement with Hershey Trust Company, as trustee for the Milton Hershey School Trust (the “School Trust”), the July 2018 share repurchase authorization was completed.
+Added: In May 2021, our Board of Directors approved an additional $500 million share repurchase authorization, which was completed as of March 31, 2024.
In December 2023, our Board of Directors approved an additional $500 million share repurchase authorization.
−Removed: This program is to commence after the existing 2021 authorization is completed and is to be utilized at management’s discretion.
−Removed: The May 2021 and December 2023 share repurchase programs do not have an expiration date.
−Removed: The Hershey Company | 2023 Form 10-K | Page 20
+Added: This program commenced after the existing May 2021 authorization was completed and is to be utilized at management’s discretion.
+Added: 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.
In February 2023, the Company entered into a Stock Purchase Agreement with Hershey Trust Company, as trustee for the School Trust, pursuant to which the Company purchased 1,000,000 shares of the Company’s Common Stock from the School Trust at a price equal to $239.91 per share, for a total purchase price of $239.9 million.
In February 2022, the Company entered into a Stock Purchase Agreement with Hershey Trust Company, as trustee for the School Trust, pursuant to which the Company purchased 1,000,000 shares of the Company’s Common Stock from the School Trust at a price equal to $203.35 per share, for a total purchase price of $203.4 million.
+Added: The Hershey Company | 2024 Form 10-K | Page 20
Stockholder Return Performance Graph
10 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.