3 unchanged sentences
DIVIDEND INFORMATION – Cash dividends on Tennant’s common stock have been paid for 81 consecutive years.
−Removed: Tennant’s annual cash dividend payout increased for the 53 rd consecutive year to $1.135 per share in 2024, an increase of $0.06 per share over 2023.
+Added: Tennant’s annual cash dividend payout increased for the 54 th consecutive year to $1.195 per share in 2025, an increase of $0.06 per share over 2024.
Dividends are generally declared each quarter.
9 unchanged sentences
During the twelve months ended December 31, 2025, the Company paid $87.7 million to repurchase 1,108,998 shares of its common stock.
−Removed: On October 31, 2016, the Board of Directors authorized the repurchase of 1,000,000 shares of our common stock.
+Added: On February 11, 2025, the Board of Directors authorized the repurchase of 2,000,000 shares of our common stock.
Under the share repurchase program, 1,514,063 shares remain authorized.
3 unchanged sentences
Average Price Paid
−Removed: Per Share Total Number of Shares Purchased as Part
+Added: Per Share (b)
+Added: Total Number of Shares Purchased as Part
of Publicly Announced Plans or
6 unchanged sentences
(a) Includes 1,261 shares delivered or attested to in satisfaction of the exercise price and/or tax withholding obligations by employees who exercised stock options or restricted stock under employee share-based compensation plans.
−Removed: (b) On February 11, 2025, the Board of Directors authorized the repurchase of up to 2,000,000 shares.
−Removed: For further information regarding stock repurchase activity, see Note 14 Shareholders' Equity to the consolidated financial statements.
+Added: (b) The Inflation Reduction Act of 2022, which was enacted into law on August 16, 2022, imposed a nondeductible 1% excise tax on the net value of certain stock repurchases made after December 31, 2022.
+Added: During the twelve months ended December 31, 2025, the Company reflected the applicable excise tax in treasury stock as part of the cost basis of the stock repurchased and recorded a corresponding liability for the excise taxes payable in other current liabilities on the consolidated balance sheets.
+Added: All dollar amounts presented exclude such excise taxes.
STOCK PERFORMANCE GRAPH – The following graph compares the cumulative total shareholder return on Tennant’s common stock to two indices:
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.