Timothy L. Chambers - 30 Jun 2023 Form 4 Insider Report for Snap-on Inc (SNA)

Role
Sr VP & Pres - Tools
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Timothy L. Chambers
Issuer symbol
SNA
Transactions as of
30 Jun 2023
Net transactions value
-$953,224
Form type
4
Filing time
05 Jul 2023, 17:28:55 UTC
Previous filing
13 Feb 2023
Next filing
12 Jul 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 $375,905 +2,598 +17% $144.69 17,874 30 Jun 2023 Direct F1, F2
transaction SNA Common Stock Sale $1,329,129 -4,598 -26% $289.07 13,276 30 Jun 2023 Direct F1, F3

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 -2,598 -37% 4,402 30 Jun 2023 Common Stock 2,598 $144.69 Direct F1, F4, F5
holding SNA Stock Option (Right to Buy) 8,000 30 Jun 2023 Common Stock 8,000 $138.03 Direct F4
holding SNA Stock Option (Right to Buy) 9,500 30 Jun 2023 Common Stock 9,500 $168.70 Direct F4
holding SNA Stock Option (Right to Buy) 7,594 30 Jun 2023 Common Stock 7,594 $161.18 Direct F4
holding SNA Stock Option (Right to Buy) 12,000 30 Jun 2023 Common Stock 12,000 $155.92 Direct F4
holding SNA Stock Option (Right to Buy) 13,500 30 Jun 2023 Common Stock 13,500 $155.34 Direct F4
holding SNA Stock Option (Right to Buy) 9,672 30 Jun 2023 Common Stock 9,672 $189.89 Direct F6
holding SNA Stock Option (Right to Buy) 8,003 30 Jun 2023 Common Stock 8,003 $211.67 Direct F6
holding SNA Stock Option (Right to Buy) 5,830 30 Jun 2023 Common Stock 5,830 $249.26 Direct F6
holding SNA Restricted Stock Units 1,508 30 Jun 2023 Common Stock 1,508 Direct F7, F8
holding SNA Restricted Stock Units 1,368 30 Jun 2023 Common Stock 1,368 Direct F7, F8
holding SNA Restricted Stock Units 1,332 30 Jun 2023 Common Stock 1,332 Direct F7, F8
holding SNA Performance Units 3,016 30 Jun 2023 Common Stock 3,016 Direct F7, F9
holding SNA Performance Units 2,736 30 Jun 2023 Common Stock 2,736 Direct F7, F10
holding SNA Performance Units 2,663 30 Jun 2023 Common Stock 2,663 Direct F7, 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, as well as additional vested shares, were sold pursuant to a Rule 10b5-1 Plan, which was adopted on February 23, 2023.
F2 Includes 25.5838 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 5.3483 shares acquired under a dividend reinvestment plan.
F3 This transaction was executed in multiple trades at prices ranging from $289.00 to $289.20. 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 Option fully vested.
F5 Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 23, 2023.
F6 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F7 1 for 1.
F8 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
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.
F11 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.