Aldo J. Pagliari - 09 Feb 2023 Form 4 Insider Report for Snap-on Inc (SNA)

Signature
/s/ Ryan S. Lovitz under Power of Attorney for Aldo J. Pagliari
Issuer symbol
SNA
Transactions as of
09 Feb 2023
Net transactions value
-$1,180,333
Form type
4
Filing time
13 Feb 2023, 17:18:56 UTC
Previous filing
14 Dec 2022
Next filing
14 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise $1,094,300 +10,000 +13% $109.43 87,541 09 Feb 2023 Direct F1
transaction SNA Common Stock Sale $548,004 -2,190 -2.5% $250.23 85,351 09 Feb 2023 Direct F1, F2
transaction SNA Common Stock Sale $427,901 -1,700 -2% $251.71 83,651 09 Feb 2023 Direct F1, F3
transaction SNA Common Stock Sale $489,007 -1,934 -2.3% $252.85 81,717 09 Feb 2023 Direct F1, F4
transaction SNA Common Stock Sale $305,967 -1,206 -1.5% $253.70 80,511 09 Feb 2023 Direct F1, F5
transaction SNA Common Stock Options Exercise +4,300 +5.3% 84,811 09 Feb 2023 Direct F6
transaction SNA Common Stock Tax liability $503,754 -2,021 -2.4% $249.26 82,790 09 Feb 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 -10,000 -30% 23,000 09 Feb 2023 Common Stock 10,000 $109.43 Direct F1, F8, F9
transaction SNA Performance Units Award +1,460 +51% 4,300 09 Feb 2023 Common Stock 1,460 Direct F6, F10
transaction SNA Performance Units Options Exercise -4,300 -100% 0 09 Feb 2023 Common Stock 4,300 Direct F6, F10
transaction SNA Stock Option (Right to Buy) Award $0 +7,850 $0.000000 7,850 09 Feb 2023 Common Stock 7,850 $249.26 Direct F11, F12
transaction SNA Restricted Stock Units Award $0 +1,793 $0.000000 1,793 09 Feb 2023 Common Stock 1,793 Direct F10, F13
transaction SNA Performance Units Award $0 +3,586 $0.000000 3,586 09 Feb 2023 Common Stock 3,586 Direct F10, F14
holding SNA Stock Option (Right to Buy) 34,000 09 Feb 2023 Common Stock 34,000 $144.69 Direct F8
holding SNA Stock Option (Right to Buy) 35,000 09 Feb 2023 Common Stock 35,000 $138.03 Direct F8
holding SNA Stock Option (Right to Buy) 36,000 09 Feb 2023 Common Stock 36,000 $168.70 Direct F8
holding SNA Stock Option (Right to Buy) 26,052 09 Feb 2023 Common Stock 26,052 $161.18 Direct F8
holding SNA Stock Option (Right to Buy) 23,500 09 Feb 2023 Common Stock 23,500 $155.92 Direct F8
holding SNA Stock Option (Right to Buy) 23,500 09 Feb 2023 Common Stock 23,500 $155.34 Direct F11
holding SNA Stock Option (Right to Buy) 14,986 09 Feb 2023 Common Stock 14,986 $189.89 Direct F11
holding SNA Stock Option (Right to Buy) 11,252 09 Feb 2023 Common Stock 11,252 $211.67 Direct F11
holding SNA Restricted Stock Units 2,337 09 Feb 2023 Common Stock 2,337 Direct F10, F13
holding SNA Restricted Stock Units 1,924 09 Feb 2023 Common Stock 1,924 Direct F10, F13
holding SNA Performance Units 4,673 09 Feb 2023 Common Stock 4,673 Direct F10, F15
holding SNA Performance Units 3,847 09 Feb 2023 Common Stock 3,847 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.