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 third quarter of fiscal 2023, all of which were purchased pursuant to the Board’s authorizations that the company has publicly announced.
−Removed: 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.
+Added: The following chart discloses information regarding the shares of Snap-on’s common stock repurchased by the company during the first quarter of fiscal 2024, all of which were purchased pursuant to the Board’s authorizations that the company has publicly announced.
+Added: Snap-on has undertaken stock repurchases from time to time to offset dilution related to equity plan issuances and for other corporate purposes, as well as when the company believes market conditions are favorable.
The repurchase of Snap-on common stock is at the company’s discretion, subject to prevailing financial and market conditions, and pursuant to the Board’s authorizations that the company has publicly announced.
15 unchanged sentences
Not applicable
−Removed: * Subject to further adjustment pursuant to the 1996 Authorization described below, as of September 30, 2023, the approximate value of shares that may yet be
+Added: * Subject to further adjustment pursuant to the 1996 Authorization described below, as of March 30, 2024, the approximate value of shares that may yet be
purchased pursuant to the outstanding Board authorizations discussed below is $290.6 million.
7 unchanged sentences
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 third 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 following chart discloses information regarding transactions by a counterparty in shares of Snap-on’s common stock during the first quarter of 2024 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.
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.
−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 of Snap-on Stock
+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
−Removed: purchased Average
+Added: purchased (sold) Average
12/31/2023 to 01/27/2024 (1,000) $284.32
3 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.