Iain Boyd - 17 Oct 2024 Form 4 Insider Report for Snap-on Inc (SNA)

Role
VP - Operations Development
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Iain Boyd
Issuer symbol
SNA
Transactions as of
17 Oct 2024
Net transactions value
-$407,419
Form type
4
Filing time
21 Oct 2024, 16:45:24 UTC
Previous filing
15 Oct 2024
Next filing
11 Feb 2025
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 $659,564 +3,116 +30% $211.67 13,609 17 Oct 2024 Direct F1
transaction SNA Common Stock Sale $596,663 -1,900 -14% $314.03 11,709 17 Oct 2024 Direct F1, F2
transaction SNA Common Stock Sale $383,202 -1,216 -10% $315.13 10,493 17 Oct 2024 Direct F1, F3
transaction SNA Common Stock Options Exercise $268,952 +1,079 +10% $249.26 11,572 18 Oct 2024 Direct F1
transaction SNA Common Stock Sale $356,070 -1,079 -9.3% $330.00 10,493 18 Oct 2024 Direct F1
holding SNA Common Stock 686 17 Oct 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 -3,116 -67% 1,558 17 Oct 2024 Common Stock 3,116 $211.67 Direct F1, F4, F5
transaction SNA Stock Option (Right to Buy) Options Exercise -1,079 -33% 2,158 18 Oct 2024 Common Stock 1,079 $249.26 Direct F1, F4, F5
holding SNA Stock Option (Right to Buy) 2,978 17 Oct 2024 Common Stock 2,978 $269.00 Direct F4
holding SNA Restricted Stock Units 799 17 Oct 2024 Common Stock 799 Direct F6, F7
holding SNA Restricted Stock Units 739 17 Oct 2024 Common Stock 739 Direct F6, F7
holding SNA Restricted Stock Units 642 17 Oct 2024 Common Stock 642 Direct F6, F7
holding SNA Performance Units 1,598 17 Oct 2024 Common Stock 1,598 Direct F6, F8
holding SNA Performance Units 1,479 17 Oct 2024 Common Stock 1,479 Direct F6, F9
holding SNA Performance Units 1,285 17 Oct 2024 Common Stock 1,285 Direct F6, F10
holding SNA Deferred Stock Units 390 17 Oct 2024 Common Stock 390 Direct F6, 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 the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on February 29, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $313.53 to $314.34. 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 $314.91 to $315.44. 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 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F5 Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 29, 2024.
F6 1 for 1.
F7 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F8 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.
F9 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.
F10 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.
F11 Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.