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: Boyd Iain (VP - Operations Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-10	Common Stock	M	1430	—	Acquired	6617.8268	Direct
2022-02-10	Common Stock	F	484	$211.67	Disposed	6133.8268	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-10	Performance Units	$	A	150	Acquired		Common Stock (150)	Direct
2022-02-10	Performance Units	$	M	1430	Disposed		Common Stock (1430)	Direct
2022-02-10	Stock Option (Right to Buy)	$211.67	A	4674	Acquired	2032-02-10	Common Stock (4674)	Direct
2022-02-10	Restricted Stock Units	$	A	799	Acquired	2025-02-10	Common Stock (799)	Direct
2022-02-10	Performance Units	$	A	1598	Acquired		Common Stock (1598)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	644.0503	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$144.69	2025-02-12	Common Stock (3500)	3500	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (13500)	13500	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (10344)	10344	Direct
Stock Option (Right to Buy)	$155.92	2029-02-14	Common Stock (9500)	9500	Direct
Stock Option (Right to Buy)	$155.34	2030-02-13	Common Stock (9600)	9600	Direct
Stock Option (Right to Buy)	$189.89	2031-02-11	Common Stock (6044)	6044	Direct
Restricted Stock Units	$	2024-02-11	Common Stock (942)	942	Direct
Performance Units	$		Common Stock (1215)	1215	Direct
Performance Units	$		Common Stock (1885)	1885	Direct
Deferred Stock Units	$		Common Stock (362.5282)	362.5282	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 and 9.3181 shares acquired under a dividend reinvestment plan.

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

F4: This information is based on a plan statement dated December 31, 2021.

F5: 1 for 1.

F6: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F7: This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.

F8: The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.

F9: 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.

F10: Option fully vested.

F11: 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.

F12: 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.

F13: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.