Thomas J. Ward - 26 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
26 Dec 2023
Net transactions value
-$143,523
Form type
4
Filing time
27 Dec 2023, 17:20:20 UTC
Previous filing
21 Dec 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 $272,492 +1,435 +2.9% $189.89 50,119 26 Dec 2023 Direct F1
transaction SNA Common Stock Sale $416,015 -1,435 -2.9% $289.91 48,684 26 Dec 2023 Direct F1, F2

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 -1,435 -22% 5,092 26 Dec 2023 Common Stock 1,435 $189.89 Direct F1, F3, F4
holding SNA Stock Option (Right to Buy) 11,468 26 Dec 2023 Common Stock 11,468 $211.67 Direct F3
holding SNA Stock Option (Right to Buy) 7,928 26 Dec 2023 Common Stock 7,928 $249.26 Direct F3
holding SNA Restricted Stock Units 2,381 26 Dec 2023 Common Stock 2,381 Direct F5, F6
holding SNA Restricted Stock Units 1,960 26 Dec 2023 Common Stock 1,960 Direct F5, F6
holding SNA Restricted Stock Units 1,811 26 Dec 2023 Common Stock 1,811 Direct F5, F6
holding SNA Performance Units 4,764 26 Dec 2023 Common Stock 4,764 Direct F5, F7
holding SNA Performance Units 3,921 26 Dec 2023 Common Stock 3,921 Direct F5, F8
holding SNA Performance Units 3,621 26 Dec 2023 Common Stock 3,621 Direct F5, F9
* 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 $289.80 to $290.00. 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 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F4 Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on May 26, 2023.
F5 1 for 1.
F6 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F7 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.
F8 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.
F9 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.