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 first quarter of fiscal 2026, 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 second quarter of fiscal 2026, 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.
15 unchanged sentences
Not applicable
−Removed: * Subject to further adjustment pursuant to the 1996 Authorization described below, as of April 4, 2026, the approximate value of shares that may yet be purchased pursuant to the outstanding Board authorizations discussed below is $234.1 million.
+Added: * Subject to further adjustment pursuant to the 1996 Authorization described below, as of July 4, 2026, the approximate value of shares that may yet be purchased pursuant to the outstanding Board authorizations discussed below is $485.5 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”).
4 unchanged sentences
• 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 will expire when the aggregate repurchase price limit is met, unless terminated earlier by the Board.
+Added: On April 30, 2026, the Board authorized the repurchase of up to $500 million of the company’s common stock (“the 2026 Authorization”).
+Added: The 2026 Authorization replaced the 2024 Authorization (under which approximately $234 million remained at the end of the first quarter of fiscal 2026) 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 first quarter of 2026 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 July 4, 2026, 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 (sold) Average price
−Removed: 1/4/2026 to 1/31/2026 (1,100) $ 363.48
−Removed: 2/1/2026 to 2/28/2026 1,200 384.13
−Removed: 3/1/2026 to 4/04/2026 400 367.09
−Removed: Total/Average 500 373.19
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.