Iain Boyd - 10 Feb 2022 Form 4 Insider Report for Snap-on Inc (SNA)

Role
VP - Operations Development
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Iain Boyd
Issuer symbol
SNA
Transactions as of
10 Feb 2022
Net transactions value
-$102,448
Form type
4
Filing time
14 Feb 2022, 17:18:15 UTC
Previous filing
07 May 2021
Next filing
22 Nov 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise +1,430 +28% 6,618 10 Feb 2022 Direct F1, F2
transaction SNA Common Stock Tax liability $102,448 -484 -7.3% $211.67 6,134 10 Feb 2022 Direct F3
holding SNA Common Stock 644 10 Feb 2022 By 401(k) Plan F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SNA Performance Units Award +150 +12% 1,430 10 Feb 2022 Common Stock 150 Direct F1, F5
transaction SNA Performance Units Options Exercise -1,430 -100% 0 10 Feb 2022 Common Stock 1,430 Direct F1, F5
transaction SNA Stock Option (Right to Buy) Award $0 +4,674 $0.000000 4,674 10 Feb 2022 Common Stock 4,674 $211.67 Direct F6, F7
transaction SNA Restricted Stock Units Award $0 +799 $0.000000 799 10 Feb 2022 Common Stock 799 Direct F5, F8
transaction SNA Performance Units Award $0 +1,598 $0.000000 1,598 10 Feb 2022 Common Stock 1,598 Direct F5, F9
holding SNA Stock Option (Right to Buy) 3,500 10 Feb 2022 Common Stock 3,500 $144.69 Direct F10
holding SNA Stock Option (Right to Buy) 13,500 10 Feb 2022 Common Stock 13,500 $168.70 Direct F10
holding SNA Stock Option (Right to Buy) 10,344 10 Feb 2022 Common Stock 10,344 $161.18 Direct F10
holding SNA Stock Option (Right to Buy) 9,500 10 Feb 2022 Common Stock 9,500 $155.92 Direct F6
holding SNA Stock Option (Right to Buy) 9,600 10 Feb 2022 Common Stock 9,600 $155.34 Direct F6
holding SNA Stock Option (Right to Buy) 6,044 10 Feb 2022 Common Stock 6,044 $189.89 Direct F6
holding SNA Restricted Stock Units 942 10 Feb 2022 Common Stock 942 Direct F5, F8
holding SNA Performance Units 1,215 10 Feb 2022 Common Stock 1,215 Direct F5, F11
holding SNA Performance Units 1,885 10 Feb 2022 Common Stock 1,885 Direct F5, F12
holding SNA Deferred Stock Units 363 10 Feb 2022 Common Stock 363 Direct F4, F5, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Based on Company performance during the 2019-2021 period, approximately 111.7% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits).
F2 Includes 202.7082 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 9.3181 shares acquired under a dividend reinvestment plan.
F3 Shares were withheld to cover tax withholding upon the vesting of performance units.
F4 This information is based on a plan statement dated December 31, 2021.
F5 1 for 1.
F6 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F7 This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
F8 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F9 If the Company achieves certain goals over the 2022-2024 period, the performance units will vest and stock will be awarded. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported, subject to plan limits.
F10 Option fully vested.
F11 If the Company achieves certain goals over the 2020-2022 period, the performance units will vest and stock will be awarded. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported, subject to plan limits.
F12 If the Company achieves certain goals over the 2021-2023 period, the performance units will vest and stock will be awarded. The target number of units that may be earned is reported above; the maximum amount is 200% of the number reported, subject to plan limits.
F13 Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.