Richard Thomas Miller - Feb 10, 2022 Form 4 Insider Report for Snap-on Inc (SNA)

Role
VP, Gen Counsel & Secretary
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Richard Thomas Miller
Stock symbol
SNA
Transactions as of
Feb 10, 2022
Transactions value $
-$38,524
Form type
4
Date filed
2/14/2022, 05:21 PM
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise +523 +35.54% 1.99K Feb 10, 2022 Direct F1, F2
transaction SNA Common Stock Tax liability -$38.5K -182 -9.12% $211.67 1.81K Feb 10, 2022 Direct 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 +67 +11.63% 643 Feb 10, 2022 Common Stock 67 Direct F1, F4
transaction SNA Performance Units Options Exercise -523 -81.34% 120 Feb 10, 2022 Common Stock 523 Direct F1, F4
transaction SNA Performance Units Options Exercise -120 -100% 0 Feb 10, 2022 Common Stock 120 Direct F1, F4
transaction SNA Deferred Stock Units Options Exercise +120 +215.87% 176 Feb 10, 2022 Common Stock 120 Direct F1, F4, F5, F6
transaction SNA Stock Option (Right to Buy) Award $0 +2.94K $0.00 2.94K Feb 10, 2022 Common Stock 2.94K $211.67 Direct F7, F8
transaction SNA Restricted Stock Units Award $0 +502 $0.00 502 Feb 10, 2022 Common Stock 502 Direct F4, F9
transaction SNA Performance Units Award $0 +1.01K $0.00 1.01K Feb 10, 2022 Common Stock 1.01K Direct F4, F10
holding SNA Stock Option (Right to Buy) 2K Feb 10, 2022 Common Stock 2K $144.69 Direct F11
holding SNA Stock Option (Right to Buy) 4.5K Feb 10, 2022 Common Stock 4.5K $138.03 Direct F11
holding SNA Stock Option (Right to Buy) 4.75K Feb 10, 2022 Common Stock 4.75K $168.70 Direct F11
holding SNA Stock Option (Right to Buy) 3.73K Feb 10, 2022 Common Stock 3.73K $161.18 Direct F11
holding SNA Stock Option (Right to Buy) 4.5K Feb 10, 2022 Common Stock 4.5K $155.92 Direct F7
holding SNA Stock Option (Right to Buy) 4.7K Feb 10, 2022 Common Stock 4.7K $155.34 Direct F7
holding SNA Stock Option (Right to Buy) 2.82K Feb 10, 2022 Common Stock 2.82K $189.89 Direct F7
holding SNA Restricted Stock Units 439 Feb 10, 2022 Common Stock 439 Direct F4, F9
holding SNA Performance Units 547 Feb 10, 2022 Common Stock 547 Direct F4, F12
holding SNA Performance Units 878 Feb 10, 2022 Common Stock 878 Direct F4, 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). The reporting person elected to defer the receipt of a portion of the underlying shares.
F2 Includes 89.1916 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 4.6109 shares acquired under a dividend reinvestment plan.
F3 Shares were withheld to cover tax withholding upon the vesting of performance units.
F4 1 for 1.
F5 Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
F6 This information is based on a plan statement dated December 31, 2021, as updated by the transaction being reported.
F7 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F8 This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
F9 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F10 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.
F11 Option fully vested.
F12 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.
F13 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.