Aldo J. Pagliari - Feb 9, 2023 Form 4 Insider Report for Snap-on Inc (SNA)

Signature
/s/ Ryan S. Lovitz under Power of Attorney for Aldo J. Pagliari
Stock symbol
SNA
Transactions as of
Feb 9, 2023
Transactions value $
-$1,180,333
Form type
4
Date filed
2/13/2023, 05:18 PM
Previous filing
Dec 14, 2022
Next filing
Jun 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise $1.09M +10K +12.9% $109.43 87.5K Feb 9, 2023 Direct F1
transaction SNA Common Stock Sale -$548K -2.19K -2.5% $250.23 85.4K Feb 9, 2023 Direct F1, F2
transaction SNA Common Stock Sale -$428K -1.7K -1.99% $251.71 83.7K Feb 9, 2023 Direct F1, F3
transaction SNA Common Stock Sale -$489K -1.93K -2.31% $252.85 81.7K Feb 9, 2023 Direct F1, F4
transaction SNA Common Stock Sale -$306K -1.21K -1.48% $253.70 80.5K Feb 9, 2023 Direct F1, F5
transaction SNA Common Stock Options Exercise +4.3K +5.34% 84.8K Feb 9, 2023 Direct F6
transaction SNA Common Stock Tax liability -$504K -2.02K -2.38% $249.26 82.8K Feb 9, 2023 Direct F7

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 Stock Option (Right to Buy) Options Exercise -10K -30.3% 23K Feb 9, 2023 Common Stock 10K $109.43 Direct F1, F8, F9
transaction SNA Performance Units Award +1.46K +51.41% 4.3K Feb 9, 2023 Common Stock 1.46K Direct F6, F10
transaction SNA Performance Units Options Exercise -4.3K -100% 0 Feb 9, 2023 Common Stock 4.3K Direct F6, F10
transaction SNA Stock Option (Right to Buy) Award $0 +7.85K $0.00 7.85K Feb 9, 2023 Common Stock 7.85K $249.26 Direct F11, F12
transaction SNA Restricted Stock Units Award $0 +1.79K $0.00 1.79K Feb 9, 2023 Common Stock 1.79K Direct F10, F13
transaction SNA Performance Units Award $0 +3.59K $0.00 3.59K Feb 9, 2023 Common Stock 3.59K Direct F10, F14
holding SNA Stock Option (Right to Buy) 34K Feb 9, 2023 Common Stock 34K $144.69 Direct F8
holding SNA Stock Option (Right to Buy) 35K Feb 9, 2023 Common Stock 35K $138.03 Direct F8
holding SNA Stock Option (Right to Buy) 36K Feb 9, 2023 Common Stock 36K $168.70 Direct F8
holding SNA Stock Option (Right to Buy) 26.1K Feb 9, 2023 Common Stock 26.1K $161.18 Direct F8
holding SNA Stock Option (Right to Buy) 23.5K Feb 9, 2023 Common Stock 23.5K $155.92 Direct F8
holding SNA Stock Option (Right to Buy) 23.5K Feb 9, 2023 Common Stock 23.5K $155.34 Direct F11
holding SNA Stock Option (Right to Buy) 15K Feb 9, 2023 Common Stock 15K $189.89 Direct F11
holding SNA Stock Option (Right to Buy) 11.3K Feb 9, 2023 Common Stock 11.3K $211.67 Direct F11
holding SNA Restricted Stock Units 2.34K Feb 9, 2023 Common Stock 2.34K Direct F10, F13
holding SNA Restricted Stock Units 1.92K Feb 9, 2023 Common Stock 1.92K Direct F10, F13
holding SNA Performance Units 4.67K Feb 9, 2023 Common Stock 4.67K Direct F10, F15
holding SNA Performance Units 3.85K Feb 9, 2023 Common Stock 3.85K Direct F10, F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option was exercised, and a portion of the underlying shares were sold to cover the exercise price and estimated tax liability, pursuant to a Rule 10b5-1 Plan.
F2 This transaction was executed in multiple trades at prices ranging from $249.95 to $250.93. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
F3 This transaction was executed in multiple trades at prices ranging from $251.32 to $252.25. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
F4 This transaction was executed in multiple trades at prices ranging from $252.35 to $253.335. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
F5 This transaction was executed in multiple trades at prices ranging from $253.40 to $254.27. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
F6 Based on Company performance during the 2020-2022 period, approximately 151.4% 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).
F7 Shares were withheld to cover tax withholding upon the vesting of performance units.
F8 Option fully vested.
F9 Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan.
F10 1 for 1.
F11 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F12 The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
F13 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F14 If the Company achieves certain goals over the 2023-2025 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.
F15 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.
F16 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.