Timothy L. Chambers - 10 Feb 2022 Form 4 Insider Report for Snap-on Inc (SNA)

Role
Sr VP & Pres - Tools
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Timothy L. Chambers
Issuer symbol
SNA
Transactions as of
10 Feb 2022
Net transactions value
-$158,752
Form type
4
Filing time
14 Feb 2022, 17:42:40 UTC
Next filing
17 Aug 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 +1,608 +15% 12,341 10 Feb 2022 Direct F1, F2
transaction SNA Common Stock Tax liability $158,752 -750 -6.1% $211.67 11,591 10 Feb 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 +168 +12% 1,608 10 Feb 2022 Common Stock 168 Direct F1, F4
transaction SNA Performance Units Options Exercise -1,608 -100% 0 10 Feb 2022 Common Stock 1,608 Direct F1, F4
transaction SNA Stock Option (Right to Buy) Award $0 +8,003 $0.000000 8,003 10 Feb 2022 Common Stock 8,003 $211.67 Direct F5, F6
transaction SNA Restricted Stock Units Award $0 +1,368 $0.000000 1,368 10 Feb 2022 Common Stock 1,368 Direct F4, F7
transaction SNA Performance Units Award $0 +2,736 $0.000000 2,736 10 Feb 2022 Common Stock 2,736 Direct F4, F8
holding SNA Stock Option (Right to Buy) 6,500 10 Feb 2022 Common Stock 6,500 $79.04 Direct F9
holding SNA Stock Option (Right to Buy) 7,000 10 Feb 2022 Common Stock 7,000 $109.43 Direct F9
holding SNA Stock Option (Right to Buy) 7,000 10 Feb 2022 Common Stock 7,000 $144.69 Direct F9
holding SNA Stock Option (Right to Buy) 8,000 10 Feb 2022 Common Stock 8,000 $138.03 Direct F9
holding SNA Stock Option (Right to Buy) 9,500 10 Feb 2022 Common Stock 9,500 $168.70 Direct F9
holding SNA Stock Option (Right to Buy) 7,594 10 Feb 2022 Common Stock 7,594 $161.18 Direct F9
holding SNA Stock Option (Right to Buy) 12,000 10 Feb 2022 Common Stock 12,000 $155.92 Direct F5
holding SNA Stock Option (Right to Buy) 13,500 10 Feb 2022 Common Stock 13,500 $155.34 Direct F5
holding SNA Stock Option (Right to Buy) 9,672 10 Feb 2022 Common Stock 9,672 $189.89 Direct F5
holding SNA Restricted Stock Units 1,508 10 Feb 2022 Common Stock 1,508 Direct F4, F7
holding SNA Performance Units 1,671 10 Feb 2022 Common Stock 1,671 Direct F4, F10
holding SNA Performance Units 3,016 10 Feb 2022 Common Stock 3,016 Direct F4, F11
* 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, 7.2793 shares acquired under a dividend reinvestment plan, and a correction of 70 shares to the historical balance.
F3 Shares were withheld to cover tax withholding upon the vesting of performance units.
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.