Snap-on Inc — Director's Dealing 2023

Jun 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2023-06-14

Reporting Person: Boyd Iain (VP - Operations Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-14	Common Stock	M	5534	$161.18	Acquired	12879.3797	Direct
2023-06-14	Common Stock	S	5534	$274.1896	Disposed	7345.3797	Direct
2023-06-15	Common Stock	M	4810	$161.18	Acquired	12155.3797	Direct
2023-06-15	Common Stock	M	3200	$155.34	Acquired	15355.3797	Direct
2023-06-15	Common Stock	S	8010	$274.3089	Disposed	7345.3797	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-15	Stock Option (Right to Buy)	$161.18	M	4810	Disposed	2028-02-15	Common Stock (4810)	Direct
2023-06-14	Stock Option (Right to Buy)	$161.18	M	5534	Disposed	2028-02-15	Common Stock (5534)	Direct
2023-06-15	Stock Option (Right to Buy)	$155.34	M	3200	Disposed	2030-02-13	Common Stock (3200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	663.415	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (13500)	13500	Direct
Stock Option (Right to Buy)	$189.89	2031-02-11	Common Stock (6044)	6044	Direct
Stock Option (Right to Buy)	$211.67	2032-02-10	Common Stock (4674)	4674	Direct
Stock Option (Right to Buy)	$249.26	2033-02-09	Common Stock (3237)	3237	Direct
Restricted Stock Units	$	2024-02-11	Common Stock (942)	942	Direct
Restricted Stock Units	$	2025-02-10	Common Stock (799)	799	Direct
Restricted Stock Units	$	2026-02-09	Common Stock (739)	739	Direct
Performance Units	$		Common Stock (1885)	1885	Direct
Performance Units	$		Common Stock (1598)	1598	Direct
Performance Units	$		Common Stock (1479)	1479	Direct
Deferred Stock Units	$		Common Stock (374.9002)	374.9002	Direct

Footnotes

F1: The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on February 16, 2023.

F2: Includes 116.2899 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 5.1193 shares acquired under a dividend reinvestment plan.

F3: This transaction was executed in multiple trades at prices ranging from $274.00 to $274.55. 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 $274.00 to $274.71. 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 information is based on a plan statement dated March 31, 2023.

F6: Option fully vested.

F7: Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 16, 2023.

F8: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F9: 1 for 1.

F10: The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.

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.

F12: 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.

F13: 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.

F14: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.