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 2025, 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 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.
16 unchanged sentences
Not applicable
−Removed: * Subject to further adjustment pursuant to the 1996 Authorization described below, as of June 28, 2025, the approximate value of shares that may yet be purchased pursuant to the outstanding Board authorizations discussed below is $357.9 million.
+Added: * Subject to further adjustment pursuant to the 1996 Authorization described below, as of September 27, 2025, the approximate value of shares that may yet be purchased pursuant to the outstanding Board authorizations discussed below is $306.0 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”).
6 unchanged sentences
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 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.
+Added: During the quarterly period ended September 27, 2025, there were no transactions in shares of Snap-on’s common stock by a counterparty 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.
1 unchanged sentence
At termination, the Agreement settles in cash and does not provide for Snap-on to purchase or repurchase its shares.
−Removed: Period Shares
−Removed: purchased Average
−Removed: 3/30/2025 to 4/26/2025 600 $ 297.13
−Removed: 4/27/2025 to 5/24/2025 — —
−Removed: 5/25/2025 to 6/28/2025 600 319.29
−Removed: Total/Average 1,200 308.21
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.