Thomas J. Ward - 14 Dec 2023 Form 4 Insider Report for Snap-on Inc (SNA)

Role
Sr VP & President - RS&I Group
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Thomas J. Ward
Issuer symbol
SNA
Transactions as of
14 Dec 2023
Net transactions value
-$4,441,130
Form type
4
Filing time
18 Dec 2023, 18:06:17 UTC
Previous filing
25 May 2023
Next filing
21 Dec 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 $3,837,756 +22,749 +47% $168.70 71,433 14 Dec 2023 Direct F1, F2
transaction SNA Common Stock Options Exercise $1,333,283 +8,583 +12% $155.34 80,016 14 Dec 2023 Direct F1
transaction SNA Common Stock Options Exercise $1,034,521 +5,448 +6.8% $189.89 85,464 14 Dec 2023 Direct F1
transaction SNA Common Stock Sale $7,330,328 -25,341 -30% $289.27 60,123 14 Dec 2023 Direct F1, F3
transaction SNA Common Stock Sale $3,316,363 -11,439 -19% $289.92 48,684 14 Dec 2023 Direct F1, F4

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 -22,749 -54% 19,251 14 Dec 2023 Common Stock 22,749 $168.70 Direct F1, F5, F6
transaction SNA Stock Option (Right to Buy) Options Exercise -8,583 -100% 0 14 Dec 2023 Common Stock 8,583 $155.34 Direct F1, F5, F6
transaction SNA Stock Option (Right to Buy) Options Exercise -5,448 -36% 9,827 14 Dec 2023 Common Stock 5,448 $189.89 Direct F1, F6, F7
holding SNA Stock Option (Right to Buy) 11,468 14 Dec 2023 Common Stock 11,468 $211.67 Direct F7
holding SNA Stock Option (Right to Buy) 7,928 14 Dec 2023 Common Stock 7,928 $249.26 Direct F7
holding SNA Restricted Stock Units 2,381 14 Dec 2023 Common Stock 2,381 Direct F8, F9
holding SNA Restricted Stock Units 1,960 14 Dec 2023 Common Stock 1,960 Direct F8, F9
holding SNA Restricted Stock Units 1,811 14 Dec 2023 Common Stock 1,811 Direct F8, F9
holding SNA Performance Units 4,764 14 Dec 2023 Common Stock 4,764 Direct F8, F10
holding SNA Performance Units 3,921 14 Dec 2023 Common Stock 3,921 Direct F8, F11
holding SNA Performance Units 3,621 14 Dec 2023 Common Stock 3,621 Direct F8, F12
* 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 May 26, 2023.
F2 Includes 0.1082 shares acquired under a dividend reinvestment plan.
F3 This transaction was executed in multiple trades at prices ranging from $288.80 to $289.79 . 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 $289.80 to $290.26. 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 Option fully vested.
F6 Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on May 26, 2023.
F7 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F8 1 for 1.
F9 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F10 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.
F11 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.
F12 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.