Anup R. Banerjee - 15 Feb 2024 Form 4 Insider Report for Snap-on Inc (SNA)

Role
Sr VP & Chief Devel. Officer
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Anup R. Banerjee
Issuer symbol
SNA
Transactions as of
15 Feb 2024
Net transactions value
-$923,477
Form type
4
Filing time
20 Feb 2024, 17:22:26 UTC
Previous filing
12 Feb 2024
Next filing
04 Mar 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 +7,732 +109% 14,853 15 Feb 2024 Direct F1
transaction SNA Common Stock Tax liability $923,477 -3,433 -23% $269.00 11,420 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 +3,866 +100% 7,732 15 Feb 2024 Common Stock 3,866 Direct F1, F3
transaction SNA Performance Units Options Exercise -7,732 -100% 0 15 Feb 2024 Common Stock 7,732 Direct F1, F3
transaction SNA Stock Option (Right to Buy) Award $0 +6,161 $0.000000 6,161 15 Feb 2024 Common Stock 6,161 $269.00 Direct F4, F5
transaction SNA Restricted Stock Units Award $0 +1,329 $0.000000 1,329 15 Feb 2024 Common Stock 1,329 Direct F3, F6
transaction SNA Performance Units Award $0 +2,658 $0.000000 2,658 15 Feb 2024 Common Stock 2,658 Direct F3, F7
holding SNA Stock Option (Right to Buy) 20,250 15 Feb 2024 Common Stock 20,250 $155.34 Direct F8
holding SNA Stock Option (Right to Buy) 12,397 15 Feb 2024 Common Stock 12,397 $189.89 Direct F8
holding SNA Stock Option (Right to Buy) 9,337 15 Feb 2024 Common Stock 9,337 $211.67 Direct F4
holding SNA Stock Option (Right to Buy) 6,546 15 Feb 2024 Common Stock 6,546 $249.26 Direct F4
holding SNA Restricted Stock Units 1,596 15 Feb 2024 Common Stock 1,596 Direct F3, F6
holding SNA Restricted Stock Units 1,495 15 Feb 2024 Common Stock 1,495 Direct F3, F6
holding SNA Performance Units 3,192 15 Feb 2024 Common Stock 3,192 Direct F3, F9
holding SNA Performance Units 2,990 15 Feb 2024 Common Stock 2,990 Direct F3, F10
holding SNA Deferred Stock Units 8,277 15 Feb 2024 Common Stock 8,277 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.