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Snap-on Inc — Director's Dealing 2022
Feb 15, 2022
30335_dirs_2022-02-14_fa5b5906-d799-4c25-9328-94c3566e980b.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: 2022-02-10
Reporting Person: Banerjee Anup R (Sr VP & Chief Devel. Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-10 | Common Stock | M | 2877 | — | Acquired | 5234 | Direct |
| 2022-02-10 | Common Stock | F | 1288 | $211.67 | Disposed | 3946 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-10 | Performance Units | $ | A | 301 | Acquired | Common Stock (301) | Direct | |
| 2022-02-10 | Performance Units | $ | M | 2877 | Disposed | Common Stock (2877) | Direct | |
| 2022-02-10 | Stock Option (Right to Buy) | $211.67 | A | 9337 | Acquired | 2032-02-10 | Common Stock (9337) | Direct |
| 2022-02-10 | Restricted Stock Units | $ | A | 1596 | Acquired | 2025-02-10 | Common Stock (1596) | Direct |
| 2022-02-10 | Performance Units | $ | A | 3192 | Acquired | Common Stock (3192) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $168.70 | 2027-02-09 | Common Stock (28000) | 28000 | Direct |
| Stock Option (Right to Buy) | $155.92 | 2029-02-14 | Common Stock (6750) | 6750 | Direct |
| Stock Option (Right to Buy) | $155.34 | 2030-02-13 | Common Stock (20250) | 20250 | Direct |
| Stock Option (Right to Buy) | $189.89 | 2031-02-11 | Common Stock (12397) | 12397 | Direct |
| Restricted Stock Units | $ | 2024-02-11 | Common Stock (1933) | 1933 | Direct |
| Performance Units | $ | Common Stock (2445) | 2445 | Direct | |
| Performance Units | $ | Common Stock (3866) | 3866 | Direct | |
| Deferred Stock Units | $ | Common Stock (7854.5087) | 7854.5087 | 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: Shares were withheld to cover tax withholding upon the vesting of performance units.
F3: 1 for 1.
F4: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F5: The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
F6: The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
F7: 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.
F8: Option fully vested.
F9: 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.
F10: 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.
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, 2021.