Snap-on Inc — Director's Dealing 2023

Dec 5, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2023-12-04

Reporting Person: PINCHUK NICHOLAS T (Director, Chairman, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-04	Common Stock	M	32500	$109.43	Acquired	730006.0958	Direct
2023-12-04	Common Stock	S	2701	$278.3479	Disposed	727305.0958	Direct
2023-12-04	Common Stock	S	12677	$279.2719	Disposed	714628.0958	Direct
2023-12-04	Common Stock	S	5661	$280.0654	Disposed	708967.0958	Direct
2023-12-04	Common Stock	S	454	$281.0085	Disposed	708513.0958	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-04	Stock Option (Right to Buy)	$109.43	M	32500	Disposed	2024-02-13	Common Stock (32500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	823.5537	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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
Stock Option (Right to Buy)	$249.26	2033-02-09	Common Stock (24295)	24295	Direct
Restricted Stock Units	$	2024-02-11	Common Stock (6344)	6344	Direct
Restricted Stock Units	$	2025-02-10	Common Stock (5519)	5519	Direct
Restricted Stock Units	$	2026-02-09	Common Stock (5549)	5549	Direct
Performance Units	$		Common Stock (19033)	19033	Direct
Performance Units	$		Common Stock (16558)	16558	Direct
Performance Units	$		Common Stock (16645)	16645	Direct
Deferred Stock Units	$		Common Stock (24737.5511)	24737.5511	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, which was adopted on February 22, 2023.

F2: This transaction was executed in multiple trades at prices ranging from $277.74 to $278.73. 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.

F3: This transaction was executed in multiple trades at prices ranging from $278.74 to $279.73. 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 $279.74 to $280.71. 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 $280.81 to $281.09. 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 information is based on a plan statement dated September 30, 2023.

F7: Option fully vested.

F8: Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 22, 2023.

F9: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F10: 1 for 1.

F11: The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.

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: 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.

F14: If the Company achieves certain goals over the 2023-2025 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: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.