Nicholas T. Pinchuk - 01 Jun 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
Issuer symbol
SNA
Transactions as of
01 Jun 2023
Net transactions value
-$2,018,933
Form type
4
Filing time
02 Jun 2023, 17:48:32 UTC
Previous filing
17 Mar 2023
Next filing
20 Sep 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 $3,556,475 +32,500 +4.8% $109.43 709,429 01 Jun 2023 Direct F1
transaction SNA Common Stock Sale $1,160,904 -4,674 -0.66% $248.37 704,755 01 Jun 2023 Direct F1, F2
transaction SNA Common Stock Sale $3,325,815 -13,325 -1.9% $249.59 691,430 01 Jun 2023 Direct F1, F3
transaction SNA Common Stock Sale $979,946 -3,916 -0.57% $250.24 687,514 01 Jun 2023 Direct F1, F4
transaction SNA Common Stock Sale $108,743 -433 -0.06% $251.14 687,081 01 Jun 2023 Direct F1
holding SNA Common Stock 815 01 Jun 2023 By 401(k) Plan F5

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 -32,500 -33% 65,000 01 Jun 2023 Common Stock 32,500 $109.43 Direct F1, F6, F7
holding SNA Stock Option (Right to Buy) 130,000 01 Jun 2023 Common Stock 130,000 $144.69 Direct F6
holding SNA Stock Option (Right to Buy) 135,000 01 Jun 2023 Common Stock 135,000 $138.03 Direct F6
holding SNA Stock Option (Right to Buy) 135,000 01 Jun 2023 Common Stock 135,000 $168.70 Direct F6
holding SNA Stock Option (Right to Buy) 92,288 01 Jun 2023 Common Stock 92,288 $161.18 Direct F6
holding SNA Stock Option (Right to Buy) 83,059 01 Jun 2023 Common Stock 83,059 $155.92 Direct F6
holding SNA Stock Option (Right to Buy) 83,059 01 Jun 2023 Common Stock 83,059 $155.34 Direct F6
holding SNA Stock Option (Right to Buy) 40,687 01 Jun 2023 Common Stock 40,687 $189.89 Direct F8
holding SNA Stock Option (Right to Buy) 32,286 01 Jun 2023 Common Stock 32,286 $211.67 Direct F8
holding SNA Stock Option (Right to Buy) 24,295 01 Jun 2023 Common Stock 24,295 $249.26 Direct F8
holding SNA Restricted Stock Units 6,344 01 Jun 2023 Common Stock 6,344 Direct F9, F10
holding SNA Restricted Stock Units 5,519 01 Jun 2023 Common Stock 5,519 Direct F9, F10
holding SNA Restricted Stock Units 5,549 01 Jun 2023 Common Stock 5,549 Direct F9, F10
holding SNA Performance Units 19,033 01 Jun 2023 Common Stock 19,033 Direct F9, F11
holding SNA Performance Units 16,558 01 Jun 2023 Common Stock 16,558 Direct F9, F12
holding SNA Performance Units 16,645 01 Jun 2023 Common Stock 16,645 Direct F9, F13
holding SNA Deferred Stock Units 24,437 01 Jun 2023 Common Stock 24,437 Direct F5, F9, F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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, which was adopted on February 22, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $247.90 to $248.875. 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 $248.91 to $249.90. 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 $249.91 to $250.75. 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 information is based on a plan statement dated March 31, 2023.
F6 Option fully vested.
F7 Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 22, 2023.
F8 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F9 1 for 1.
F10 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
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 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.
F14 Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.