Nicholas T. Pinchuk - Feb 9, 2023 Form 4 Insider Report for Snap-on Inc (SNA)

Role
Chairman, President and CEO, Director
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Nicholas T. Pinchuk
Stock symbol
SNA
Transactions as of
Feb 9, 2023
Transactions value $
-$1,677,021
Form type
4
Date filed
2/13/2023, 05:20 PM
Previous filing
Nov 17, 2022
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise +15.2K +2.31% 674K Feb 9, 2023 Direct F1, F2
transaction SNA Common Stock Tax liability -$1.68M -6.73K -1% $249.26 667K Feb 9, 2023 Direct F3
holding SNA Common Stock 811 Feb 9, 2023 By 401(k) Plan F4

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 +5.16K +51.4% 15.2K Feb 9, 2023 Common Stock 5.16K Direct F1, F5
transaction SNA Performance Units Options Exercise -15.2K -100% 0 Feb 9, 2023 Common Stock 15.2K Direct F1, F5
transaction SNA Stock Option (Right to Buy) Award $0 +24.3K $0.00 24.3K Feb 9, 2023 Common Stock 24.3K $249.26 Direct F6, F7
transaction SNA Restricted Stock Units Award $0 +5.55K $0.00 5.55K Feb 9, 2023 Common Stock 5.55K Direct F5, F8
transaction SNA Performance Units Award $0 +16.6K $0.00 16.6K Feb 9, 2023 Common Stock 16.6K Direct F5, F9
holding SNA Stock Option (Right to Buy) 130K Feb 9, 2023 Common Stock 130K $109.43 Direct F10
holding SNA Stock Option (Right to Buy) 130K Feb 9, 2023 Common Stock 130K $144.69 Direct F10
holding SNA Stock Option (Right to Buy) 135K Feb 9, 2023 Common Stock 135K $138.03 Direct F10
holding SNA Stock Option (Right to Buy) 135K Feb 9, 2023 Common Stock 135K $168.70 Direct F10
holding SNA Stock Option (Right to Buy) 92.3K Feb 9, 2023 Common Stock 92.3K $161.18 Direct F10
holding SNA Stock Option (Right to Buy) 83.1K Feb 9, 2023 Common Stock 83.1K $155.92 Direct F10
holding SNA Stock Option (Right to Buy) 83.1K Feb 9, 2023 Common Stock 83.1K $155.34 Direct F6
holding SNA Stock Option (Right to Buy) 40.7K Feb 9, 2023 Common Stock 40.7K $189.89 Direct F6
holding SNA Stock Option (Right to Buy) 32.3K Feb 9, 2023 Common Stock 32.3K $211.67 Direct F6
holding SNA Restricted Stock Units 6.34K Feb 9, 2023 Common Stock 6.34K Direct F5, F8
holding SNA Restricted Stock Units 5.52K Feb 9, 2023 Common Stock 5.52K Direct F5, F8
holding SNA Performance Units 19K Feb 9, 2023 Common Stock 19K Direct F5, F11
holding SNA Performance Units 16.6K Feb 9, 2023 Common Stock 16.6K Direct F5, F12
holding SNA Deferred Stock Units 24.3K Feb 9, 2023 Common Stock 24.3K Direct F4, F5, 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 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).
F2 Includes 1.4769 shares acquired under a dividend reinvestment plan.
F3 Shares were withheld to cover tax withholding upon the vesting of performance units.
F4 This information is based on a plan statement dated December 31, 2022.
F5 1 for 1.
F6 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F7 This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
F8 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F9 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.
F10 Option fully vested.
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.
F12 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.
F13 Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.