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Snap-on Inc — Director's Dealing 2023
Jul 12, 2023
30335_dirs_2023-07-12_d689d77b-6146-4016-a8be-ca59038f1928.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: 2023-07-11
Reporting Person: Chambers Timothy L (Sr VP & Pres - Tools)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-07-11 | Common Stock | M | 4402 | $144.69 | Acquired | 17678.3492 | Direct |
| 2023-07-11 | Common Stock | S | 4680 | $289.2891 | Disposed | 12998.3492 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-07-11 | Stock Option (Right to Buy) | $144.69 | M | 4402 | Disposed | 2025-02-12 | Common Stock (4402) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 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 |
| Stock Option (Right to Buy) | $211.67 | 2032-02-10 | Common Stock (8003) | 8003 | Direct |
| Stock Option (Right to Buy) | $249.26 | 2033-02-09 | Common Stock (5830) | 5830 | Direct |
| Restricted Stock Units | $ | 2024-02-11 | Common Stock (1508) | 1508 | Direct |
| Restricted Stock Units | $ | 2025-02-10 | Common Stock (1368) | 1368 | Direct |
| Restricted Stock Units | $ | 2026-02-09 | Common Stock (1332) | 1332 | Direct |
| Performance Units | $ | Common Stock (3016) | 3016 | Direct | |
| Performance Units | $ | Common Stock (2736) | 2736 | Direct | |
| Performance Units | $ | Common Stock (2663) | 2663 | Direct |
Footnotes
F1: The option was exercised and the underlying shares, as well as additional vested shares, were sold pursuant to a Rule 10b5-1 Plan, which was adopted on February 23, 2023.
F2: This transaction was executed in multiple trades at prices ranging from $289.00 to $289.77. 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: Option fully vested.
F4: Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 23, 2023.
F5: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
F6: 1 for 1.
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 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.
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: 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.