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 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 first quarter of fiscal 2025, 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.
10 unchanged sentences
announced plans
−Removed: or programs *
−Removed: 6/30/2024 to 7/27/2024 16,000 $275.95 16,000 $268.6 million
−Removed: 7/28/2024 to 8/24/2024 94,000 $276.21 94,000 $497.9 million
−Removed: 8/25/2024 to 9/28/2024 105,000 $280.98 105,000 $471.5 million
+Added: or programs* (in millions)
+Added: 12/29/2024 to 01/25/2025 — $ — — $ 432.1
+Added: 01/26/2025 to 02/22/2025 70,000 338.42 70,000 441.6
+Added: 02/23/2025 to 03/29/2025 190,000 334.40 190,000 398.4
Total/Average 260,000 335.48 260,000 N/A
Not applicable
−Removed: * 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
−Removed: purchased pursuant to the outstanding Board authorizations discussed below is $471.5 million.
+Added: * Subject to further adjustment pursuant to the 1996 Authorization described below, as of March 29, 2025, the approximate value of shares that may yet be purchased pursuant to the outstanding Board authorizations discussed below is $398.4 million.
• In 1996, the Board authorized the company to repurchase shares of the company’s common stock periodically in the open market or in privately negotiated transactions (the “1996 Authorization”).
3 unchanged sentences
The 1996 Authorization will expire when terminated by the Board.
−Removed: • On November 4, 2021, the Board authorized the repurchase of up to $500 million of the company’s common stock (the “2021 Authorization”).
• On August 8, 2024, the Board authorized the repurchase of up to $500 million of the company’s common stock (the “2024 Authorization”).
−Removed: 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.
+Added: The 2024 Authorization 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 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.
+Added: The following chart discloses information regarding transactions by a counterparty in shares of Snap-on’s common stock during the first quarter of 2025 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.
8 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.