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

Signature
/s/ Ryan S. Lovitz under Power of Attorney for Nicholas T. Pinchuk
Issuer symbol
SNA
Transactions as of
10 Feb 2022
Net transactions value
-$1,105,976
Form type
4
Filing time
14 Feb 2022, 17:18:43 UTC
Previous filing
20 Dec 2021
Next filing
24 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise +11,804 +2% 616,740 10 Feb 2022 Direct F1
transaction SNA Common Stock Tax liability $1,105,976 -5,225 -0.85% $211.67 611,515 10 Feb 2022 Direct F2
holding SNA Common Stock 791 10 Feb 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 +1,236 +12% 11,804 10 Feb 2022 Common Stock 1,236 Direct F1, F4
transaction SNA Performance Units Options Exercise -11,804 -100% 0 10 Feb 2022 Common Stock 11,804 Direct F1, F4
transaction SNA Stock Option (Right to Buy) Award $0 +32,286 $0.000000 32,286 10 Feb 2022 Common Stock 32,286 $211.67 Direct F5, F6
transaction SNA Restricted Stock Units Award $0 +5,519 $0.000000 5,519 10 Feb 2022 Common Stock 5,519 Direct F4, F7
transaction SNA Performance Units Award $0 +16,558 $0.000000 16,558 10 Feb 2022 Common Stock 16,558 Direct F4, F8
holding SNA Stock Option (Right to Buy) 130,000 10 Feb 2022 Common Stock 130,000 $79.04 Direct F9
holding SNA Stock Option (Right to Buy) 130,000 10 Feb 2022 Common Stock 130,000 $109.43 Direct F9
holding SNA Stock Option (Right to Buy) 130,000 10 Feb 2022 Common Stock 130,000 $144.69 Direct F9
holding SNA Stock Option (Right to Buy) 135,000 10 Feb 2022 Common Stock 135,000 $138.03 Direct F9
holding SNA Stock Option (Right to Buy) 135,000 10 Feb 2022 Common Stock 135,000 $168.70 Direct F9
holding SNA Stock Option (Right to Buy) 92,288 10 Feb 2022 Common Stock 92,288 $161.18 Direct F9
holding SNA Stock Option (Right to Buy) 83,059 10 Feb 2022 Common Stock 83,059 $155.92 Direct F5
holding SNA Stock Option (Right to Buy) 83,059 10 Feb 2022 Common Stock 83,059 $155.34 Direct F5
holding SNA Stock Option (Right to Buy) 40,687 10 Feb 2022 Common Stock 40,687 $189.89 Direct F5
holding SNA Restricted Stock Units 6,344 10 Feb 2022 Common Stock 6,344 Direct F4, F7
holding SNA Performance Units 10,033 10 Feb 2022 Common Stock 10,033 Direct F4, F10
holding SNA Performance Units 19,033 10 Feb 2022 Common Stock 19,033 Direct F4, F11
holding SNA Deferred Stock Units 23,631 10 Feb 2022 Common Stock 23,631 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.