1 unchanged sentence
Issuer Purchases of Equity Securities
−Removed: The following chart discloses information regarding the shares of Snap-on’s common stock repurchased by the company during the first quarter of fiscal 2023, all of which were purchased pursuant to the Board’s authorizations that the company has publicly announced.
+Added: The following chart discloses information regarding the shares of Snap-on’s common stock repurchased by the company during the second quarter of fiscal 2023, all of which were purchased pursuant to the Board’s authorizations that the company has publicly announced.
Snap-on has undertaken stock repurchases from time to time to offset dilution related to equity plan issuances or for other corporate purposes, as well as when the company believes market conditions are favorable.
16 unchanged sentences
Not applicable
−Removed: * Subject to further adjustment pursuant to the 1996 Authorization described below, as of April 1, 2023, the approximate value of shares that may yet be
+Added: * Subject to further adjustment pursuant to the 1996 Authorization described below, as of July 1, 2023, the approximate value of shares that may yet be
purchased pursuant to the outstanding Board authorizations discussed below is $336.7 million.
8 unchanged sentences
The following chart discloses information regarding transactions in shares of Snap-on’s common stock by Citibank, N.A.
−Removed: (“Citibank”) during the first quarter of 2023 pursuant to a prepaid equity forward agreement (the “Agreement”) with Citibank that is intended to reduce the impact of market risk associated with the stock-based portion of the company’s deferred compensation plans.
−Removed: The company’s stock-based deferred compensation liabilities, which are impacted by changes in the company’s stock price, increase as the company’s stock price rises and decrease as the company’s stock price declines.
+Added: (“Citibank”) during the second quarter of 2023 pursuant to a prepaid equity forward agreement (the “Agreement”) with Citibank that is intended to reduce the impact of market risk associated with the stock-based portion of the company’s deferred compensation plans.
+Added: The company’s stock-based deferred compensation liabilities increase as the company’s stock price rises and decrease as the company’s stock price declines.
Pursuant to the Agreement, Citibank may purchase or sell shares of the company’s common stock (for Citibank’s account) in the market or in privately negotiated transactions.
7 unchanged sentences
Total/Average 600 $268.78
−Removed: Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
−Removed: Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
−Removed: Certification of Chief Executive Officer Pursuant to 18 U.S.C.
−Removed: Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: Certification of Principal Financial Officer Pursuant to 18 U.S.C.
−Removed: Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
−Removed: Exhibit 101.INS Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
−Removed: Exhibit 101.SCH Inline XBRL Taxonomy Extension Schema Document
−Removed: Exhibit 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document
−Removed: Exhibit 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document
−Removed: Exhibit 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document
−Removed: Exhibit 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document
−Removed: Exhibit 104 Cover page Inline XBRL data (contained in Exhibit 101)
−Removed: Pursuant to the requirements of the Securities Exchange Act of 1934, Snap-on Incorporated has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: SNAP-ON INCORPORATED
−Removed: April 20, 2023
−Removed: Pagliari, Principal Financial Officer,
−Removed: Senior Vice President – Finance and
−Removed: Chief Financial Officer
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.