Nicholas T. Pinchuk - 09 Dec 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
09 Dec 2024
Net transactions value
-$3,026,761
Form type
4
Filing time
09 Dec 2024, 18:28:01 UTC
Previous filing
12 Aug 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 $4,702,425 +32,500 +4.3% $144.69 791,521 09 Dec 2024 Direct F1, F2
transaction SNA Common Stock Sale $3,871,924 -10,951 -1.4% $353.57 780,570 09 Dec 2024 Direct F1, F3
transaction SNA Common Stock Sale $1,482,018 -4,184 -0.54% $354.21 776,386 09 Dec 2024 Direct F1, F4
transaction SNA Common Stock Sale $216,913 -610 -0.08% $355.59 775,776 09 Dec 2024 Direct F1, F5
transaction SNA Common Stock Sale $1,037,677 -2,911 -0.38% $356.47 772,865 09 Dec 2024 Direct F1, F6
transaction SNA Common Stock Sale $331,198 -927 -0.12% $357.28 771,938 09 Dec 2024 Direct F1, F7
transaction SNA Common Stock Sale $717,540 -2,000 -0.26% $358.77 769,938 09 Dec 2024 Direct F1, F8
transaction SNA Common Stock Sale $71,916 -200 -0.03% $359.58 769,738 09 Dec 2024 Direct F1
holding SNA Common Stock 842 09 Dec 2024 By 401(k) Plan F9

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 -100% 0 09 Dec 2024 Common Stock 32,500 $144.69 Direct F1, F10, F11
holding SNA Stock Option (Right to Buy) 135,000 09 Dec 2024 Common Stock 135,000 $138.03 Direct F10
holding SNA Stock Option (Right to Buy) 135,000 09 Dec 2024 Common Stock 135,000 $168.70 Direct F10
holding SNA Stock Option (Right to Buy) 92,288 09 Dec 2024 Common Stock 92,288 $161.18 Direct F10
holding SNA Stock Option (Right to Buy) 83,059 09 Dec 2024 Common Stock 83,059 $155.92 Direct F10
holding SNA Stock Option (Right to Buy) 83,059 09 Dec 2024 Common Stock 83,059 $155.34 Direct F10
holding SNA Stock Option (Right to Buy) 40,687 09 Dec 2024 Common Stock 40,687 $189.89 Direct F10
holding SNA Stock Option (Right to Buy) 32,286 09 Dec 2024 Common Stock 32,286 $211.67 Direct F12
holding SNA Stock Option (Right to Buy) 24,295 09 Dec 2024 Common Stock 24,295 $249.26 Direct F12
holding SNA Stock Option (Right to Buy) 23,710 09 Dec 2024 Common Stock 23,710 $269.00 Direct F12
holding SNA Restricted Stock Units 5,519 09 Dec 2024 Common Stock 5,519 Direct F13, F14
holding SNA Restricted Stock Units 5,549 09 Dec 2024 Common Stock 5,549 Direct F13, F14
holding SNA Restricted Stock Units 5,114 09 Dec 2024 Common Stock 5,114 Direct F13, F14
holding SNA Performance Units 16,558 09 Dec 2024 Common Stock 16,558 Direct F13, F15
holding SNA Performance Units 16,645 09 Dec 2024 Common Stock 16,645 Direct F13, F16
holding SNA Performance Units 15,340 09 Dec 2024 Common Stock 15,340 Direct F13, F17
holding SNA Deferred Stock Units 25,404 09 Dec 2024 Common Stock 25,404 Direct F9, F13, F18
* 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 1.5089 shares acquired under a dividend reinvestment plan.
F3 This transaction was executed in multiple trades at prices ranging from $353.04 to $354.02. 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 $354.05 to $355.03. 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 $355.06 to $355.73. 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 $356.12 to $357.08. 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.
F7 This transaction was executed in multiple trades at prices ranging from $357.15 to $357.39. 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.
F8 This transaction was executed in multiple trades at prices ranging from $358.18 to $359.17. 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.
F9 This information is based on a plan statement dated September 30, 2024.
F10 Option fully vested.
F11 Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on October 26, 2023.
F12 Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F13 1 for 1.
F14 The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F15 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.
F16 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.
F17 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.
F18 Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.