Thomas J. Ward - Feb 15, 2024 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
Feb 15, 2024
Transactions value $
-$1,132,759
Form type
4
Date filed
2/20/2024, 05:10 PM
Previous filing
Feb 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise +9.53K +19.02% 59.6K Feb 15, 2024 Direct F1
transaction SNA Common Stock Tax liability -$1.13M -4.21K -7.06% $269.00 55.4K Feb 15, 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 +4.76K +100% 9.53K Feb 15, 2024 Common Stock 4.76K Direct F1, F3
transaction SNA Performance Units Options Exercise -9.53K -100% 0 Feb 15, 2024 Common Stock 9.53K Direct F1, F3
transaction SNA Stock Option (Right to Buy) Award $0 +7.11K $0.00 7.11K Feb 15, 2024 Common Stock 7.11K $269.00 Direct F4, F5
transaction SNA Restricted Stock Units Award $0 +1.53K $0.00 1.53K Feb 15, 2024 Common Stock 1.53K Direct F3, F6
transaction SNA Performance Units Award $0 +3.07K $0.00 3.07K Feb 15, 2024 Common Stock 3.07K Direct F3, F7
holding SNA Stock Option (Right to Buy) 5.09K Feb 15, 2024 Common Stock 5.09K $189.89 Direct F8
holding SNA Stock Option (Right to Buy) 11.5K Feb 15, 2024 Common Stock 11.5K $211.67 Direct F4
holding SNA Stock Option (Right to Buy) 7.93K Feb 15, 2024 Common Stock 7.93K $249.26 Direct F4
holding SNA Restricted Stock Units 1.96K Feb 15, 2024 Common Stock 1.96K Direct F3, F6
holding SNA Restricted Stock Units 1.81K Feb 15, 2024 Common Stock 1.81K Direct F3, F6
holding SNA Performance Units 3.92K Feb 15, 2024 Common Stock 3.92K Direct F3, F9
holding SNA Performance Units 3.62K Feb 15, 2024 Common Stock 3.62K 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.