Snap-on Inc — Director's Dealing 2022

Feb 15, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2022-02-10

Reporting Person: Chambers Timothy L (Sr VP & Pres - Tools)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-10	Common Stock	M	1608	—	Acquired	12341.2142	Direct
2022-02-10	Common Stock	F	750	$211.67	Disposed	11591.2142	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-10	Performance Units	$	A	168	Acquired		Common Stock (168)	Direct
2022-02-10	Performance Units	$	M	1608	Disposed		Common Stock (1608)	Direct
2022-02-10	Stock Option (Right to Buy)	$211.67	A	8003	Acquired	2032-02-10	Common Stock (8003)	Direct
2022-02-10	Restricted Stock Units	$	A	1368	Acquired	2025-02-10	Common Stock (1368)	Direct
2022-02-10	Performance Units	$	A	2736	Acquired		Common Stock (2736)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$79.04	2023-02-13	Common Stock (6500)	6500	Direct
Stock Option (Right to Buy)	$109.43	2024-02-13	Common Stock (7000)	7000	Direct
Stock Option (Right to Buy)	$144.69	2025-02-12	Common Stock (7000)	7000	Direct
Stock Option (Right to Buy)	$138.03	2026-02-11	Common Stock (8000)	8000	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (9500)	9500	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (7594)	7594	Direct
Stock Option (Right to Buy)	$155.92	2029-02-14	Common Stock (12000)	12000	Direct
Stock Option (Right to Buy)	$155.34	2030-02-13	Common Stock (13500)	13500	Direct
Stock Option (Right to Buy)	$189.89	2031-02-11	Common Stock (9672)	9672	Direct
Restricted Stock Units	$	2024-02-11	Common Stock (1508)	1508	Direct
Performance Units	$		Common Stock (1671)	1671	Direct
Performance Units	$		Common Stock (3016)	3016	Direct

Footnotes

F1: Based on Company performance during the 2019-2021 period, approximately 111.7% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits).

F2: Includes 202.7082 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan, 7.2793 shares acquired under a dividend reinvestment plan, and a correction of 70 shares to the historical balance.

F3: Shares were withheld to cover tax withholding upon the vesting of performance units.

F4: 1 for 1.

F5: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F6: This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.

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: Option fully vested.

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: 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.