Nicholas T. Pinchuk - Jun 1, 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
Jun 1, 2023
Transactions value $
-$2,018,933
Form type
4
Date filed
6/2/2023, 05:48 PM
Previous filing
Mar 17, 2023
Next filing
Sep 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise $3.56M +32.5K +4.8% $109.43 709K Jun 1, 2023 Direct F1
transaction SNA Common Stock Sale -$1.16M -4.67K -0.66% $248.37 705K Jun 1, 2023 Direct F1, F2
transaction SNA Common Stock Sale -$3.33M -13.3K -1.89% $249.59 691K Jun 1, 2023 Direct F1, F3
transaction SNA Common Stock Sale -$980K -3.92K -0.57% $250.24 688K Jun 1, 2023 Direct F1, F4
transaction SNA Common Stock Sale -$109K -433 -0.06% $251.14 687K Jun 1, 2023 Direct F1
holding SNA Common Stock 815 Jun 1, 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 -32.5K -33.33% 65K Jun 1, 2023 Common Stock 32.5K $109.43 Direct F1, F6, F7
holding SNA Stock Option (Right to Buy) 130K Jun 1, 2023 Common Stock 130K $144.69 Direct F6
holding SNA Stock Option (Right to Buy) 135K Jun 1, 2023 Common Stock 135K $138.03 Direct F6
holding SNA Stock Option (Right to Buy) 135K Jun 1, 2023 Common Stock 135K $168.70 Direct F6
holding SNA Stock Option (Right to Buy) 92.3K Jun 1, 2023 Common Stock 92.3K $161.18 Direct F6
holding SNA Stock Option (Right to Buy) 83.1K Jun 1, 2023 Common Stock 83.1K $155.92 Direct F6
holding SNA Stock Option (Right to Buy) 83.1K Jun 1, 2023 Common Stock 83.1K $155.34 Direct F6
holding SNA Stock Option (Right to Buy) 40.7K Jun 1, 2023 Common Stock 40.7K $189.89 Direct F8
holding SNA Stock Option (Right to Buy) 32.3K Jun 1, 2023 Common Stock 32.3K $211.67 Direct F8
holding SNA Stock Option (Right to Buy) 24.3K Jun 1, 2023 Common Stock 24.3K $249.26 Direct F8
holding SNA Restricted Stock Units 6.34K Jun 1, 2023 Common Stock 6.34K Direct F9, F10
holding SNA Restricted Stock Units 5.52K Jun 1, 2023 Common Stock 5.52K Direct F9, F10
holding SNA Restricted Stock Units 5.55K Jun 1, 2023 Common Stock 5.55K Direct F9, F10
holding SNA Performance Units 19K Jun 1, 2023 Common Stock 19K Direct F9, F11
holding SNA Performance Units 16.6K Jun 1, 2023 Common Stock 16.6K Direct F9, F12
holding SNA Performance Units 16.6K Jun 1, 2023 Common Stock 16.6K Direct F9, F13
holding SNA Deferred Stock Units 24.4K Jun 1, 2023 Common Stock 24.4K 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.