Timothy L. Chambers - 15 Feb 2024 Form 4 Insider Report for Snap-on Inc (SNA)

Role
Sr VP & Pres - Tools
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Timothy L. Chambers
Issuer symbol
SNA
Transactions as of
15 Feb 2024
Net transactions value
-$760,463
Form type
4
Filing time
20 Feb 2024, 16:44:28 UTC
Previous filing
12 Feb 2024
Next filing
11 Feb 2025
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 +6,032 +44% 19,895 15 Feb 2024 Direct F1
transaction SNA Common Stock Tax liability $760,463 -2,827 -14% $269.00 17,068 15 Feb 2024 Direct 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 Performance Units Award +3,016 +100% 6,032 15 Feb 2024 Common Stock 3,016 Direct F1, F3
transaction SNA Performance Units Options Exercise -6,032 -100% 0 15 Feb 2024 Common Stock 6,032 Direct F1, F3
transaction SNA Stock Option (Right to Buy) Award $0 +5,463 $0.000000 5,463 15 Feb 2024 Common Stock 5,463 $269.00 Direct F4, F5
transaction SNA Restricted Stock Units Award $0 +1,178 $0.000000 1,178 15 Feb 2024 Common Stock 1,178 Direct F3, F6
transaction SNA Performance Units Award $0 +2,357 $0.000000 2,357 15 Feb 2024 Common Stock 2,357 Direct F3, F7
holding SNA Stock Option (Right to Buy) 8,000 15 Feb 2024 Common Stock 8,000 $138.03 Direct F8
holding SNA Stock Option (Right to Buy) 9,500 15 Feb 2024 Common Stock 9,500 $168.70 Direct F8
holding SNA Stock Option (Right to Buy) 7,594 15 Feb 2024 Common Stock 7,594 $161.18 Direct F8
holding SNA Stock Option (Right to Buy) 12,000 15 Feb 2024 Common Stock 12,000 $155.92 Direct F8
holding SNA Stock Option (Right to Buy) 13,500 15 Feb 2024 Common Stock 13,500 $155.34 Direct F8
holding SNA Stock Option (Right to Buy) 9,672 15 Feb 2024 Common Stock 9,672 $189.89 Direct F8
holding SNA Stock Option (Right to Buy) 8,003 15 Feb 2024 Common Stock 8,003 $211.67 Direct F4
holding SNA Stock Option (Right to Buy) 5,830 15 Feb 2024 Common Stock 5,830 $249.26 Direct F4
holding SNA Restricted Stock Units 1,368 15 Feb 2024 Common Stock 1,368 Direct F3, F6
holding SNA Restricted Stock Units 1,332 15 Feb 2024 Common Stock 1,332 Direct F3, F6
holding SNA Performance Units 2,736 15 Feb 2024 Common Stock 2,736 Direct F3, F9
holding SNA Performance Units 2,663 15 Feb 2024 Common Stock 2,663 Direct F3, F10
* 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.