Aldo J. Pagliari - Feb 27, 2024 Form 4 Insider Report for Snap-on Inc (SNA)

Role
Sr VP - Finance & CFO
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Aldo J. Pagliari
Stock symbol
SNA
Transactions as of
Feb 27, 2024
Transactions value $
-$598,631
Form type
4
Date filed
2/29/2024, 05:42 PM
Previous filing
Feb 23, 2024
Next filing
May 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SNA Common Stock Options Exercise $1.45M +10K +10.73% $144.69 103K Feb 27, 2024 Direct F1
transaction SNA Common Stock Sale -$1.52M -5.6K -5.43% $271.77 97.6K Feb 27, 2024 Direct F1, F2
transaction SNA Common Stock Sale -$523K -1.92K -1.97% $272.43 95.7K Feb 27, 2024 Direct F1, F3

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 Stock Option (Right to Buy) Options Exercise -10K -29.41% 24K Feb 27, 2024 Common Stock 10K $144.69 Direct F1, F4, F5
holding SNA Stock Option (Right to Buy) 35K Feb 27, 2024 Common Stock 35K $138.03 Direct F4
holding SNA Stock Option (Right to Buy) 36K Feb 27, 2024 Common Stock 36K $168.70 Direct F4
holding SNA Stock Option (Right to Buy) 26.1K Feb 27, 2024 Common Stock 26.1K $161.18 Direct F4
holding SNA Stock Option (Right to Buy) 23.5K Feb 27, 2024 Common Stock 23.5K $155.92 Direct F4
holding SNA Stock Option (Right to Buy) 23.5K Feb 27, 2024 Common Stock 23.5K $155.34 Direct F4
holding SNA Stock Option (Right to Buy) 15K Feb 27, 2024 Common Stock 15K $189.89 Direct F4
holding SNA Stock Option (Right to Buy) 11.3K Feb 27, 2024 Common Stock 11.3K $211.67 Direct F6
holding SNA Stock Option (Right to Buy) 7.85K Feb 27, 2024 Common Stock 7.85K $249.26 Direct F6
holding SNA Stock Option (Right to Buy) 7.11K Feb 27, 2024 Common Stock 7.11K $269.00 Direct F6
holding SNA Restricted Stock Units 1.92K Feb 27, 2024 Common Stock 1.92K Direct F7, F8
holding SNA Restricted Stock Units 1.79K Feb 27, 2024 Common Stock 1.79K Direct F7, F8
holding SNA Restricted Stock Units 1.53K Feb 27, 2024 Common Stock 1.53K Direct F7, F8
holding SNA Performance Units 3.85K Feb 27, 2024 Common Stock 3.85K Direct F7, F9
holding SNA Performance Units 3.59K Feb 27, 2024 Common Stock 3.59K Direct F7, F10
holding SNA Performance Units 3.07K Feb 27, 2024 Common Stock 3.07K Direct F7, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The option was exercised, and a portion of the underlying shares were sold to cover the exercise price and estimated tax liability, pursuant to a Rule 10b5-1 Plan, which was adopted on October 24, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $271.11 to $272.08. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
F3 This transaction was executed in multiple trades at prices ranging from $272.12 to $273.00. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
F4 Option fully vested.
F5 Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on October 24, 2023.
F6 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F7 1 for 1.
F8 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
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 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.