Iain Boyd - Feb 15, 2024 Form 4 Insider Report for Snap-on Inc (SNA)

Role
VP - Operations Development
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Iain Boyd
Stock symbol
SNA
Transactions as of
Feb 15, 2024
Transactions value $
-$372,296
Form type
4
Date filed
2/20/2024, 04:40 PM
Previous filing
Feb 12, 2024
Next filing
Oct 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise +3.77K +47.09% 11.8K Feb 15, 2024 Direct F1
transaction SNA Common Stock Tax liability -$372K -1.38K -11.75% $269.00 10.4K Feb 15, 2024 Direct F2
holding SNA Common Stock 673 Feb 15, 2024 By 401(k) Plan

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 Performance Units Award +1.89K +100% 3.77K Feb 15, 2024 Common Stock 1.89K Direct F1, F3
transaction SNA Performance Units Options Exercise -3.77K -100% 0 Feb 15, 2024 Common Stock 3.77K Direct F1, F3
transaction SNA Stock Option (Right to Buy) Award $0 +2.98K $0.00 2.98K Feb 15, 2024 Common Stock 2.98K $269.00 Direct F4, F5
transaction SNA Restricted Stock Units Award $0 +642 $0.00 642 Feb 15, 2024 Common Stock 642 Direct F3, F6
transaction SNA Performance Units Award $0 +1.29K $0.00 1.29K Feb 15, 2024 Common Stock 1.29K Direct F3, F7
holding SNA Stock Option (Right to Buy) 6.04K Feb 15, 2024 Common Stock 6.04K $189.89 Direct F8
holding SNA Stock Option (Right to Buy) 4.67K Feb 15, 2024 Common Stock 4.67K $211.67 Direct F4
holding SNA Stock Option (Right to Buy) 3.24K Feb 15, 2024 Common Stock 3.24K $249.26 Direct F4
holding SNA Restricted Stock Units 799 Feb 15, 2024 Common Stock 799 Direct F3, F6
holding SNA Restricted Stock Units 739 Feb 15, 2024 Common Stock 739 Direct F3, F6
holding SNA Performance Units 1.6K Feb 15, 2024 Common Stock 1.6K Direct F3, F9
holding SNA Performance Units 1.48K Feb 15, 2024 Common Stock 1.48K Direct F3, F10
holding SNA Deferred Stock Units 382 Feb 15, 2024 Common Stock 382 Direct F3, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Based on Company performance during the 2021-2023 period, 200% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits).
F2 Shares were withheld to cover tax withholding upon the vesting of performance units.
F3 1 for 1.
F4 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F5 The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
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 2024-2026 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 Option fully vested.
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.