Nicholas T. Pinchuk - Feb 10, 2022 Form 4 Insider Report for Snap-on Inc (SNA)

Role
Chairman, President and CEO, Director
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Nicholas T. Pinchuk
Stock symbol
SNA
Transactions as of
Feb 10, 2022
Transactions value $
-$1,105,976
Form type
4
Date filed
2/14/2022, 05:18 PM
Previous filing
Dec 20, 2021
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise +11.8K +1.95% 617K Feb 10, 2022 Direct F1
transaction SNA Common Stock Tax liability -$1.11M -5.23K -0.85% $211.67 612K Feb 10, 2022 Direct F2
holding SNA Common Stock 791 Feb 10, 2022 By 401(k) Plan F3

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 +1.24K +11.7% 11.8K Feb 10, 2022 Common Stock 1.24K Direct F1, F4
transaction SNA Performance Units Options Exercise -11.8K -100% 0 Feb 10, 2022 Common Stock 11.8K Direct F1, F4
transaction SNA Stock Option (Right to Buy) Award $0 +32.3K $0.00 32.3K Feb 10, 2022 Common Stock 32.3K $211.67 Direct F5, F6
transaction SNA Restricted Stock Units Award $0 +5.52K $0.00 5.52K Feb 10, 2022 Common Stock 5.52K Direct F4, F7
transaction SNA Performance Units Award $0 +16.6K $0.00 16.6K Feb 10, 2022 Common Stock 16.6K Direct F4, F8
holding SNA Stock Option (Right to Buy) 130K Feb 10, 2022 Common Stock 130K $79.04 Direct F9
holding SNA Stock Option (Right to Buy) 130K Feb 10, 2022 Common Stock 130K $109.43 Direct F9
holding SNA Stock Option (Right to Buy) 130K Feb 10, 2022 Common Stock 130K $144.69 Direct F9
holding SNA Stock Option (Right to Buy) 135K Feb 10, 2022 Common Stock 135K $138.03 Direct F9
holding SNA Stock Option (Right to Buy) 135K Feb 10, 2022 Common Stock 135K $168.70 Direct F9
holding SNA Stock Option (Right to Buy) 92.3K Feb 10, 2022 Common Stock 92.3K $161.18 Direct F9
holding SNA Stock Option (Right to Buy) 83.1K Feb 10, 2022 Common Stock 83.1K $155.92 Direct F5
holding SNA Stock Option (Right to Buy) 83.1K Feb 10, 2022 Common Stock 83.1K $155.34 Direct F5
holding SNA Stock Option (Right to Buy) 40.7K Feb 10, 2022 Common Stock 40.7K $189.89 Direct F5
holding SNA Restricted Stock Units 6.34K Feb 10, 2022 Common Stock 6.34K Direct F4, F7
holding SNA Performance Units 10K Feb 10, 2022 Common Stock 10K Direct F4, F10
holding SNA Performance Units 19K Feb 10, 2022 Common Stock 19K Direct F4, F11
holding SNA Deferred Stock Units 23.6K Feb 10, 2022 Common Stock 23.6K Direct F3, F4, F12
* 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 Shares were withheld to cover tax withholding upon the vesting of performance units.
F3 This information is based on a plan statement dated December 31, 2021.
F4 1 for 1.
F5 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F6 This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
F7 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F8 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.
F9 Option fully vested.
F10 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.
F11 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.
F12 Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.