Anup R. Banerjee - Feb 10, 2022 Form 4 Insider Report for Snap-on Inc (SNA)

Role
Sr VP & Chief Devel. Officer
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Anup R. Banerjee
Stock symbol
SNA
Transactions as of
Feb 10, 2022
Transactions value $
-$272,631
Form type
4
Date filed
2/14/2022, 05:22 PM
Next filing
Dec 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise +2.88K +122.06% 5.23K Feb 10, 2022 Direct F1
transaction SNA Common Stock Tax liability -$273K -1.29K -24.61% $211.67 3.95K Feb 10, 2022 Direct F2

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 +301 +11.68% 2.88K Feb 10, 2022 Common Stock 301 Direct F1, F3
transaction SNA Performance Units Options Exercise -2.88K -100% 0 Feb 10, 2022 Common Stock 2.88K Direct F1, F3
transaction SNA Stock Option (Right to Buy) Award $0 +9.34K $0.00 9.34K Feb 10, 2022 Common Stock 9.34K $211.67 Direct F4, F5
transaction SNA Restricted Stock Units Award $0 +1.6K $0.00 1.6K Feb 10, 2022 Common Stock 1.6K Direct F3, F6
transaction SNA Performance Units Award $0 +3.19K $0.00 3.19K Feb 10, 2022 Common Stock 3.19K Direct F3, F7
holding SNA Stock Option (Right to Buy) 28K Feb 10, 2022 Common Stock 28K $168.70 Direct F8
holding SNA Stock Option (Right to Buy) 6.75K Feb 10, 2022 Common Stock 6.75K $155.92 Direct F4
holding SNA Stock Option (Right to Buy) 20.3K Feb 10, 2022 Common Stock 20.3K $155.34 Direct F4
holding SNA Stock Option (Right to Buy) 12.4K Feb 10, 2022 Common Stock 12.4K $189.89 Direct F4
holding SNA Restricted Stock Units 1.93K Feb 10, 2022 Common Stock 1.93K Direct F3, F6
holding SNA Performance Units 2.45K Feb 10, 2022 Common Stock 2.45K Direct F3, F9
holding SNA Performance Units 3.87K Feb 10, 2022 Common Stock 3.87K Direct F3, F10
holding SNA Deferred Stock Units 7.85K Feb 10, 2022 Common Stock 7.85K Direct F3, F11, 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 1 for 1.
F4 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F5 The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
F6 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F7 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.
F8 Option fully vested.
F9 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.
F10 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.
F11 Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
F12 This information is based on a plan statement dated December 31, 2021.