Nicholas T. Pinchuk - 19 Mar 2024 Form 4 Insider Report for Snap-on Inc (SNA)

Role
Chairman, President and CEO, Director
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Nicholas T. Pinchuk
Issuer symbol
SNA
Transactions as of
19 Mar 2024
Net transactions value
-$2,057,342
Form type
4
Filing time
19 Mar 2024, 18:19:20 UTC
Previous filing
20 Feb 2024
Next filing
04 Jun 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 $4,702,425 +32,500 +4.4% $144.69 765,897 19 Mar 2024 Direct F1, F2
transaction SNA Common Stock Sale $725,572 -2,535 -0.33% $286.22 763,362 19 Mar 2024 Direct F1, F3
transaction SNA Common Stock Sale $2,974,105 -10,363 -1.4% $286.99 752,999 19 Mar 2024 Direct F1, F4
transaction SNA Common Stock Sale $2,144,736 -7,447 -0.99% $288.00 745,552 19 Mar 2024 Direct F1, F5
transaction SNA Common Stock Sale $915,354 -3,169 -0.43% $288.85 742,383 19 Mar 2024 Direct F1, F6
holding SNA Common Stock 827 19 Mar 2024 By 401(k) Plan

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 -32,500 -25% 97,500 19 Mar 2024 Common Stock 32,500 $144.69 Direct F1, F7, F8
holding SNA Stock Option (Right to Buy) 135,000 19 Mar 2024 Common Stock 135,000 $138.03 Direct F7
holding SNA Stock Option (Right to Buy) 135,000 19 Mar 2024 Common Stock 135,000 $168.70 Direct F7
holding SNA Stock Option (Right to Buy) 92,288 19 Mar 2024 Common Stock 92,288 $161.18 Direct F7
holding SNA Stock Option (Right to Buy) 83,059 19 Mar 2024 Common Stock 83,059 $155.92 Direct F7
holding SNA Stock Option (Right to Buy) 83,059 19 Mar 2024 Common Stock 83,059 $155.34 Direct F7
holding SNA Stock Option (Right to Buy) 40,687 19 Mar 2024 Common Stock 40,687 $189.89 Direct F7
holding SNA Stock Option (Right to Buy) 32,286 19 Mar 2024 Common Stock 32,286 $211.67 Direct F9
holding SNA Stock Option (Right to Buy) 24,295 19 Mar 2024 Common Stock 24,295 $249.26 Direct F9
holding SNA Stock Option (Right to Buy) 23,710 19 Mar 2024 Common Stock 23,710 $269.00 Direct F9
holding SNA Restricted Stock Units 5,519 19 Mar 2024 Common Stock 5,519 Direct F10, F11
holding SNA Restricted Stock Units 5,549 19 Mar 2024 Common Stock 5,549 Direct F10, F11
holding SNA Restricted Stock Units 5,114 19 Mar 2024 Common Stock 5,114 Direct F10, F11
holding SNA Performance Units 16,558 19 Mar 2024 Common Stock 16,558 Direct F10, F12
holding SNA Performance Units 16,645 19 Mar 2024 Common Stock 16,645 Direct F10, F13
holding SNA Performance Units 15,340 19 Mar 2024 Common Stock 15,340 Direct F10, F14
holding SNA Deferred Stock Units 24,901 19 Mar 2024 Common Stock 24,901 Direct F10, F15
* 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 26, 2023.
F2 Includes 1.3891 shares acquired under a dividend reinvestment plan.
F3 This transaction was executed in multiple trades at prices ranging from $285.46 to $286.45. 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 This transaction was executed in multiple trades at prices ranging from $286.46 to $287.45. 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.
F5 This transaction was executed in multiple trades at prices ranging from $287.46 to $288.45. 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.
F6 This transaction was executed in multiple trades at prices ranging from $288.46 to $289.33. 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.
F7 Option fully vested.
F8 Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on October 26, 2023.
F9 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F10 1 for 1.
F11 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F12 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.
F13 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.
F14 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.
F15 Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.