Thomas J. Ward - 15 Feb 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
Issuer symbol
SNA
Transactions as of
15 Feb 2024
Net transactions value
-$1,132,759
Form type
4
Filing time
20 Feb 2024, 17:10:57 UTC
Previous filing
12 Feb 2024
Next filing
29 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 +9,528 +19% 59,612 15 Feb 2024 Direct F1
transaction SNA Common Stock Tax liability $1,132,759 -4,211 -7.1% $269.00 55,401 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 +4,764 +100% 9,528 15 Feb 2024 Common Stock 4,764 Direct F1, F3
transaction SNA Performance Units Options Exercise -9,528 -100% 0 15 Feb 2024 Common Stock 9,528 Direct F1, F3
transaction SNA Stock Option (Right to Buy) Award $0 +7,106 $0.000000 7,106 15 Feb 2024 Common Stock 7,106 $269.00 Direct F4, F5
transaction SNA Restricted Stock Units Award $0 +1,533 $0.000000 1,533 15 Feb 2024 Common Stock 1,533 Direct F3, F6
transaction SNA Performance Units Award $0 +3,065 $0.000000 3,065 15 Feb 2024 Common Stock 3,065 Direct F3, F7
holding SNA Stock Option (Right to Buy) 5,092 15 Feb 2024 Common Stock 5,092 $189.89 Direct F8
holding SNA Stock Option (Right to Buy) 11,468 15 Feb 2024 Common Stock 11,468 $211.67 Direct F4
holding SNA Stock Option (Right to Buy) 7,928 15 Feb 2024 Common Stock 7,928 $249.26 Direct F4
holding SNA Restricted Stock Units 1,960 15 Feb 2024 Common Stock 1,960 Direct F3, F6
holding SNA Restricted Stock Units 1,811 15 Feb 2024 Common Stock 1,811 Direct F3, F6
holding SNA Performance Units 3,921 15 Feb 2024 Common Stock 3,921 Direct F3, F9
holding SNA Performance Units 3,621 15 Feb 2024 Common Stock 3,621 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.