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

Role: Sr VP & President - RS&I Group
Signature: /s/ Ryan S. Lovitz under Power of Attorney for Thomas J. Ward
Issuer symbol: SNA
Transactions as of: 09 Feb 2023
Net transactions value: -$492,787
Form type: 4
Filing time: 13 Feb 2023, 17:21:17 UTC
Previous filing: 03 Feb 2023
Next filing: 25 May 2023
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		+4,462	+9.6%		51,051	09 Feb 2023	Direct	F1
transaction	SNA	Common Stock	Tax liability	$492,787	-1,977	-3.9%	$249.26	49,074	09 Feb 2023	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		+1,515	+51%		4,462	09 Feb 2023	Common Stock	1,515		Direct	F1, F3
transaction	SNA	Performance Units	Options Exercise		-4,462	-100%		0	09 Feb 2023	Common Stock	4,462		Direct	F1, F3
transaction	SNA	Stock Option (Right to Buy)	Award	$0	+7,928		$0.000000	7,928	09 Feb 2023	Common Stock	7,928	$249.26	Direct	F4, F5
transaction	SNA	Restricted Stock Units	Award	$0	+1,811		$0.000000	1,811	09 Feb 2023	Common Stock	1,811		Direct	F3, F6
transaction	SNA	Performance Units	Award	$0	+3,621		$0.000000	3,621	09 Feb 2023	Common Stock	3,621		Direct	F3, F7
holding	SNA	Stock Option (Right to Buy)						42,000	09 Feb 2023	Common Stock	42,000	$168.70	Direct	F8
holding	SNA	Stock Option (Right to Buy)						8,583	09 Feb 2023	Common Stock	8,583	$155.34	Direct	F4
holding	SNA	Stock Option (Right to Buy)						15,275	09 Feb 2023	Common Stock	15,275	$189.89	Direct	F4
holding	SNA	Stock Option (Right to Buy)						11,468	09 Feb 2023	Common Stock	11,468	$211.67	Direct	F4
holding	SNA	Restricted Stock Units						2,381	09 Feb 2023	Common Stock	2,381		Direct	F3, F6
holding	SNA	Restricted Stock Units						1,960	09 Feb 2023	Common Stock	1,960		Direct	F3, F6
holding	SNA	Performance Units						4,764	09 Feb 2023	Common Stock	4,764		Direct	F3, F9
holding	SNA	Performance Units						3,921	09 Feb 2023	Common Stock	3,921		Direct	F3, F10

* 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	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 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.
F8	Option fully vested.
F9	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.
F10	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.