Aldo J. Pagliari - Jun 13, 2023 Form 4 Insider Report for Snap-on Inc (SNA)

Role
Sr VP - Finance & CFO
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Aldo J. Pagliari
Stock symbol
SNA
Transactions as of
Jun 13, 2023
Transactions value $
-$457,124
Form type
4
Date filed
6/14/2023, 05:30 PM
Previous filing
Feb 13, 2023
Next filing
Sep 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise $657K +6K +7.24% $109.43 88.8K Jun 13, 2023 Direct F1, F2
transaction SNA Common Stock Sale -$26.7K -100 -0.11% $266.93 88.7K Jun 13, 2023 Direct F1
transaction SNA Common Stock Sale -$53.8K -200 -0.23% $268.85 88.5K Jun 13, 2023 Direct F1, F3
transaction SNA Common Stock Sale -$128K -473 -0.53% $270.18 88K Jun 13, 2023 Direct F1, F4
transaction SNA Common Stock Sale -$528K -1.95K -2.21% $271.26 86.1K Jun 13, 2023 Direct F1, F5
transaction SNA Common Stock Sale -$378K -1.39K -1.61% $271.84 84.7K Jun 13, 2023 Direct F1, F6

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 -6K -26.09% 17K Jun 13, 2023 Common Stock 6K $109.43 Direct F1, F7, F8
holding SNA Stock Option (Right to Buy) 34K Jun 13, 2023 Common Stock 34K $144.69 Direct F7
holding SNA Stock Option (Right to Buy) 35K Jun 13, 2023 Common Stock 35K $138.03 Direct F7
holding SNA Stock Option (Right to Buy) 36K Jun 13, 2023 Common Stock 36K $168.70 Direct F7
holding SNA Stock Option (Right to Buy) 26.1K Jun 13, 2023 Common Stock 26.1K $161.18 Direct F7
holding SNA Stock Option (Right to Buy) 23.5K Jun 13, 2023 Common Stock 23.5K $155.92 Direct F7
holding SNA Stock Option (Right to Buy) 23.5K Jun 13, 2023 Common Stock 23.5K $155.34 Direct F7
holding SNA Stock Option (Right to Buy) 15K Jun 13, 2023 Common Stock 15K $189.89 Direct F9
holding SNA Stock Option (Right to Buy) 11.3K Jun 13, 2023 Common Stock 11.3K $211.67 Direct F9
holding SNA Stock Option (Right to Buy) 7.85K Jun 13, 2023 Common Stock 7.85K $249.26 Direct F9
holding SNA Restricted Stock Units 2.34K Jun 13, 2023 Common Stock 2.34K Direct F10, F11
holding SNA Restricted Stock Units 1.92K Jun 13, 2023 Common Stock 1.92K Direct F10, F11
holding SNA Restricted Stock Units 1.79K Jun 13, 2023 Common Stock 1.79K Direct F10, F11
holding SNA Performance Units 4.67K Jun 13, 2023 Common Stock 4.67K Direct F10, F12
holding SNA Performance Units 3.85K Jun 13, 2023 Common Stock 3.85K Direct F10, F13
holding SNA Performance Units 3.59K Jun 13, 2023 Common Stock 3.59K Direct F10, 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 December 7, 2022.
F2 Includes 31.8724 shares acquired under a dividend reinvestment plan.
F3 This transaction was executed in multiple trades at prices ranging from $268.41 to $269.29. 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 $269.59 to $270.56. 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 $270.62 to $271.61. 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 This transaction was executed in multiple trades at prices ranging from $271.62 to $272.07. 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.
F7 Option fully vested.
F8 Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on December 7, 2022.
F9 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F10 1 for 1.
F11 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F12 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.
F13 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.
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.