Richard Thomas Miller - 30 Jun 2023 Form 4 Insider Report for Snap-on Inc (SNA)

Role
VP, Gen Counsel & Secretary
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Richard Thomas Miller
Issuer symbol
SNA
Transactions as of
30 Jun 2023
Net transactions value
-$300,000
Form type
4
Filing time
05 Jul 2023, 17:07:37 UTC
Previous filing
03 May 2023
Next filing
12 Feb 2024
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 $276,060 +2,000 +105% $138.03 3,900 30 Jun 2023 Direct F1, F2
transaction SNA Common Stock Sale $576,060 -2,000 -51% $288.03 1,900 30 Jun 2023 Direct F1

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 -2,000 -44% 2,500 30 Jun 2023 Common Stock 2,000 $138.03 Direct F1, F3, F4
holding SNA Stock Option (Right to Buy) 4,750 30 Jun 2023 Common Stock 4,750 $168.70 Direct F3
holding SNA Stock Option (Right to Buy) 3,728 30 Jun 2023 Common Stock 3,728 $161.18 Direct F3
holding SNA Stock Option (Right to Buy) 4,500 30 Jun 2023 Common Stock 4,500 $155.92 Direct F3
holding SNA Stock Option (Right to Buy) 4,700 30 Jun 2023 Common Stock 4,700 $155.34 Direct F3
holding SNA Stock Option (Right to Buy) 2,815 30 Jun 2023 Common Stock 2,815 $189.89 Direct F5
holding SNA Stock Option (Right to Buy) 2,941 30 Jun 2023 Common Stock 2,941 $211.67 Direct F5
holding SNA Stock Option (Right to Buy) 2,433 30 Jun 2023 Common Stock 2,433 $249.26 Direct F5
holding SNA Restricted Stock Units 439 30 Jun 2023 Common Stock 439 Direct F6, F7
holding SNA Restricted Stock Units 502 30 Jun 2023 Common Stock 502 Direct F6, F7
holding SNA Restricted Stock Units 556 30 Jun 2023 Common Stock 556 Direct F6, F7
holding SNA Performance Units 878 30 Jun 2023 Common Stock 878 Direct F6, F8
holding SNA Performance Units 1,006 30 Jun 2023 Common Stock 1,006 Direct F6, F9
holding SNA Performance Units 1,111 30 Jun 2023 Common Stock 1,111 Direct F6, F10
holding SNA Deferred Stock Units 345 30 Jun 2023 Common Stock 345 Direct F6, F11
* 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 the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on February 23, 2023.
F2 Includes 51.1676 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 2.0014 shares acquired under a dividend reinvestment plan.
F3 Option fully vested.
F4 Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 23, 2023.
F5 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F6 1 for 1.
F7 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F8 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.
F9 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.
F10 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.
F11 Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.