Thomas J. Ward - Dec 19, 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
Stock symbol
SNA
Transactions as of
Dec 19, 2023
Transactions value $
-$2,645,008
Form type
4
Date filed
12/21/2023, 05:03 PM
Previous filing
Dec 18, 2023
Next filing
Dec 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise $2.81M +16.6K +34.16% $168.70 65.3K Dec 19, 2023 Direct F1
transaction SNA Common Stock Sale -$4.81M -16.6K -25.46% $288.94 48.7K Dec 19, 2023 Direct F1, F2
transaction SNA Common Stock Options Exercise $442K +2.62K +5.38% $168.70 51.3K Dec 20, 2023 Direct F1
transaction SNA Common Stock Options Exercise $627K +3.3K +6.43% $189.89 54.6K Dec 20, 2023 Direct F1
transaction SNA Common Stock Sale -$758K -2.62K -4.8% $289.02 52K Dec 20, 2023 Direct F1, F3
transaction SNA Common Stock Sale -$957K -3.3K -6.35% $289.92 48.7K Dec 20, 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 -16.6K -86.39% 2.62K Dec 19, 2023 Common Stock 16.6K $168.70 Direct F1, F5, F6
transaction SNA Stock Option (Right to Buy) Options Exercise -2.62K -100% 0 Dec 20, 2023 Common Stock 2.62K $168.70 Direct F1, F5, F6
transaction SNA Stock Option (Right to Buy) Options Exercise -3.3K -33.58% 6.53K Dec 20, 2023 Common Stock 3.3K $189.89 Direct F1, F6, F7
holding SNA Stock Option (Right to Buy) 11.5K Dec 19, 2023 Common Stock 11.5K $211.67 Direct F7
holding SNA Stock Option (Right to Buy) 7.93K Dec 19, 2023 Common Stock 7.93K $249.26 Direct F7
holding SNA Restricted Stock Units 2.38K Dec 19, 2023 Common Stock 2.38K Direct F8, F9
holding SNA Restricted Stock Units 1.96K Dec 19, 2023 Common Stock 1.96K Direct F8, F9
holding SNA Restricted Stock Units 1.81K Dec 19, 2023 Common Stock 1.81K Direct F8, F9
holding SNA Performance Units 4.76K Dec 19, 2023 Common Stock 4.76K Direct F8, F10
holding SNA Performance Units 3.92K Dec 19, 2023 Common Stock 3.92K Direct F8, F11
holding SNA Performance Units 3.62K Dec 19, 2023 Common Stock 3.62K 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 This transaction was executed in multiple trades at prices ranging from $288.80 to $289.53. 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 $288.80 to $289.40. 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 $290.30. 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.