20 unchanged sentences
Total/Average 217,000 $272.53 217,000 N/A
−Removed: ______________________
Not applicable
7 unchanged sentences
The 2021 Authorization will expire when the aggregate repurchase price limit is met, unless terminated earlier by the Board.
−Removed: SNAP-ON INCORPORATED
+Added: 2023 ANNUAL REPORT 25
Other Purchases or Sales of Equity Securities
−Removed: The following chart discloses information regarding transactions in shares of Snap-on’s common stock by Citibank, N.A.
−Removed: (“Citibank”) during the fourth quarter of 2022 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.
−Removed: 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.
−Removed: The Agreement has no stated expiration date and does not provide for Snap-on to purchase or repurchase its shares.
−Removed: Citibank Purchases (Sales) of Snap-on Stock
+Added: The following chart discloses information regarding transactions by a counterparty in shares of Snap-on’s common stock during the fourth quarter of fiscal 2023 pursuant to a prepaid equity forward agreement (the “Agreement”) 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.
+Added: Pursuant to the Agreement, the counterparty may purchase or sell shares of the company’s common stock for its account in the market or in privately negotiated transactions.
+Added: At termination, the Agreement settles in cash and does not provide for Snap-on to purchase or repurchase its shares.
Period Shares Purchased (Sold) Average Price
3 unchanged sentences
Total/Average (500) $261.10
−Removed: 2022 ANNUAL REPORT 25
+Added: SNAP-ON INCORPORATED
Five-year Stock Performance Graph
10 unchanged sentences
December 31, 2023 $226.27 $194.31 $207.21
−Removed: _______________________________
(1) The company’s fiscal year ends on the Saturday that is on or nearest to December 31 of each year;
for ease of calculation, the fiscal year end is assumed to be December 31.
−Removed: SNAP-ON INCORPORATED
+Added: 2023 ANNUAL REPORT 27
Management’s Discussion and Analysis of Financial Condition and Results of Operations
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.