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Snap-on Inc — Director's Dealing 2022
Aug 12, 2022
30335_dirs_2022-08-12_83dfe932-e3dd-4d24-8c1a-5f5d903713f1.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: 2022-08-11
Reporting Person: PINCHUK NICHOLAS T (Director, Chairman, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-08-11 | Common Stock | M | 50000 | $79.04 | Acquired | 672124.1677 | Direct |
| 2022-08-11 | Common Stock | S | 2580 | $227.3147 | Disposed | 669544.1677 | Direct |
| 2022-08-11 | Common Stock | S | 11774 | $228.3635 | Disposed | 657770.1677 | Direct |
| 2022-08-11 | Common Stock | S | 14102 | $229.3499 | Disposed | 643668.1677 | Direct |
| 2022-08-11 | Common Stock | S | 3329 | $229.912 | Disposed | 640339.1677 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-08-11 | Stock Option (Right to Buy) | $79.04 | M | 50000 | Disposed | 2023-02-13 | Common Stock (50000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 801.9804 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $109.43 | 2024-02-13 | Common Stock (130000) | 130000 | Direct |
| Stock Option (Right to Buy) | $144.69 | 2025-02-12 | Common Stock (130000) | 130000 | Direct |
| Stock Option (Right to Buy) | $138.03 | 2026-02-11 | Common Stock (135000) | 135000 | Direct |
| Stock Option (Right to Buy) | $168.70 | 2027-02-09 | Common Stock (135000) | 135000 | Direct |
| Stock Option (Right to Buy) | $161.18 | 2028-02-15 | Common Stock (92288) | 92288 | Direct |
| Stock Option (Right to Buy) | $155.92 | 2029-02-14 | Common Stock (83059) | 83059 | Direct |
| Stock Option (Right to Buy) | $155.34 | 2030-02-13 | Common Stock (83059) | 83059 | Direct |
| Stock Option (Right to Buy) | $189.89 | 2031-02-11 | Common Stock (40687) | 40687 | Direct |
| Stock Option (Right to Buy) | $211.67 | 2032-02-10 | Common Stock (32286) | 32286 | Direct |
| Restricted Stock Units | $ | 2024-02-11 | Common Stock (6344) | 6344 | Direct |
| Restricted Stock Units | $ | 2025-02-10 | Common Stock (5519) | 5519 | Direct |
| Performance Units | $ | Common Stock (10033) | 10033 | Direct | |
| Performance Units | $ | Common Stock (19033) | 19033 | Direct | |
| Performance Units | $ | Common Stock (16558) | 16558 | Direct | |
| Deferred Stock Units | $ | Common Stock (23954.1701) | 23954.1701 | Direct |
Footnotes
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.
F2: Includes 1.4176 shares acquired under a dividend reinvestment plan.
F3: This transaction was executed in multiple trades at prices ranging from $226.80 to $227.76. 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 $227.82 to $228.81. 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 $228.82 to $229.80. 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 $229.82 to $230.085. 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 information is based on a plan statement dated June 30, 2022.
F8: Option fully vested.
F9: Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan.
F10: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F11: 1 for 1.
F12: The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F13: 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.
F14: 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.
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: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.