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Snap-on Inc — Director's Dealing 2021
Feb 16, 2021
30335_dirs_2021-02-16_8240dc0c-c6e1-4c38-985e-2eb9e141bdcd.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2021-02-11
Reporting Person: Miller Richard Thomas (VP, Gen Counsel & Secretary)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-11 | Stock Option (Right to Buy) | $189.89 | A | 2815 | Acquired | 2031-02-11 | Common Stock (2815) | Direct |
| 2021-02-11 | Performance Units | $ | A | 878 | Acquired | Common Stock (878) | Direct | |
| 2021-02-11 | Restricted Stock Units | $ | A | 439 | Acquired | 2024-02-11 | Common Stock (439) | Direct |
| 2021-02-11 | Performance Units | $ | D | 433 | Disposed | Common Stock (433) | Direct | |
| 2021-02-11 | Restricted Stock Units | $ | D | 546 | Disposed | Common Stock (546) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1376.7524 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $79.04 | 2023-02-13 | Common Stock (1000) | 1000 | Direct |
| Stock Option (Right to Buy) | $109.43 | 2024-02-13 | Common Stock (3500) | 3500 | Direct |
| Stock Option (Right to Buy) | $144.69 | 2025-02-12 | Common Stock (4000) | 4000 | Direct |
| Stock Option (Right to Buy) | $138.03 | 2026-02-11 | Common Stock (4500) | 4500 | Direct |
| Stock Option (Right to Buy) | $168.70 | 2027-02-09 | Common Stock (4750) | 4750 | Direct |
| Stock Option (Right to Buy) | $161.18 | 2028-02-15 | Common Stock (3728) | 3728 | Direct |
| Stock Option (Right to Buy) | $155.92 | 2029-02-14 | Common Stock (4500) | 4500 | Direct |
| Stock Option (Right to Buy) | $155.34 | 2030-02-13 | Common Stock (4700) | 4700 | Direct |
| Performance Units | $ | Common Stock (576) | 576 | Direct | |
| Performance Units | $ | Common Stock (547) | 547 | Direct | |
| Deferred Stock Units | $ | Common Stock (54.3327) | 54.3327 | Direct |
Footnotes
F1: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F2: This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
F3: 1 for 1.
F4: If the Company achieves certain goals over the 2021-2023 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.
F5: The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F6: Based on Company performance during the 2018-2020 period, the performance units did not vest and, as a result, were forfeited.
F7: Based on the Company's performance during fiscal 2020, the restricted stock units granted in fiscal 2020 were not earned and, as a result, the awards were forfeited.
F8: Option fully vested.
F9: If the Company achieves certain goals over the 2019-2021 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 2020-2022 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.
F12: This information is based on a plan statement dated December 31, 2020, as updated by a transaction previously reported on the reporting person's January 2, 2021 Form 4.