Iain Boyd - 15 Feb 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
Issuer symbol
SNA
Transactions as of
15 Feb 2024
Net transactions value
-$372,296
Form type
4
Filing time
20 Feb 2024, 16:40:54 UTC
Previous filing
12 Feb 2024
Next filing
15 Oct 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 +3,770 +47% 11,776 15 Feb 2024 Direct F1
transaction SNA Common Stock Tax liability $372,296 -1,384 -12% $269.00 10,392 15 Feb 2024 Direct F2
holding SNA Common Stock 673 15 Feb 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 +1,885 +100% 3,770 15 Feb 2024 Common Stock 1,885 Direct F1, F3
transaction SNA Performance Units Options Exercise -3,770 -100% 0 15 Feb 2024 Common Stock 3,770 Direct F1, F3
transaction SNA Stock Option (Right to Buy) Award $0 +2,978 $0.000000 2,978 15 Feb 2024 Common Stock 2,978 $269.00 Direct F4, F5
transaction SNA Restricted Stock Units Award $0 +642 $0.000000 642 15 Feb 2024 Common Stock 642 Direct F3, F6
transaction SNA Performance Units Award $0 +1,285 $0.000000 1,285 15 Feb 2024 Common Stock 1,285 Direct F3, F7
holding SNA Stock Option (Right to Buy) 6,044 15 Feb 2024 Common Stock 6,044 $189.89 Direct F8
holding SNA Stock Option (Right to Buy) 4,674 15 Feb 2024 Common Stock 4,674 $211.67 Direct F4
holding SNA Stock Option (Right to Buy) 3,237 15 Feb 2024 Common Stock 3,237 $249.26 Direct F4
holding SNA Restricted Stock Units 799 15 Feb 2024 Common Stock 799 Direct F3, F6
holding SNA Restricted Stock Units 739 15 Feb 2024 Common Stock 739 Direct F3, F6
holding SNA Performance Units 1,598 15 Feb 2024 Common Stock 1,598 Direct F3, F9
holding SNA Performance Units 1,479 15 Feb 2024 Common Stock 1,479 Direct F3, F10
holding SNA Deferred Stock Units 382 15 Feb 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.