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 second quarter of fiscal 2024, 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 third quarter of fiscal 2024, 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 and 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 June 29, 2024, the approximate value of shares that may yet be
+Added: * Subject to further adjustment pursuant to the 1996 Authorization described below, as of September 28, 2024, the approximate value of shares that may yet be
purchased pursuant to the outstanding Board authorizations discussed below is $471.5 million.
5 unchanged sentences
• On November 4, 2021, the Board authorized the repurchase of up to $500 million of the company’s common stock (the “2021 Authorization”).
−Removed: The 2021 Authorization will expire when the aggregate repurchase price limit is met, unless terminated earlier by the Board.
+Added: On August 8, 2024, the Board authorized the repurchase of up to $500 million of the company’s common stock (the “2024 Authorization”).
+Added: The 2024 Authorization replaced the 2021 Authorization (under which approximately $260 million remained as of the end of the second quarter of fiscal 2024) and, will expire when the aggregate repurchase price limit is met, unless terminated earlier by the Board.
Other Purchases or Sales of Equity Securities
−Removed: The following chart discloses information regarding transactions by a counterparty in shares of Snap-on’s common stock during the second 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.
+Added: The following chart discloses information regarding transactions by a counterparty in shares of Snap-on’s common stock during the third 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.
2 unchanged sentences
Period Shares
−Removed: purchased Average
+Added: purchased (sold) Average
6/30/2024 to 7/27/2024 (800) $271.41
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.