Snap-on Inc — Director's Dealing 2023

Mar 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2023-03-16

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-16	Common Stock	M	32500	$109.43	Acquired	699729.4282	Direct
2023-03-16	Common Stock	S	5254	$234.1422	Disposed	694475.4282	Direct
2023-03-16	Common Stock	S	2724	$235.1695	Disposed	691751.4282	Direct
2023-03-16	Common Stock	S	8416	$236.5279	Disposed	683335.4282	Direct
2023-03-16	Common Stock	S	5806	$237.2612	Disposed	677529.4282	Direct
2023-03-16	Common Stock	S	600	$238.3792	Disposed	676929.4282	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-16	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	810.8716	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 (24273.4145)	24273.4145	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.

F2: Includes 1.4317 shares acquired under a dividend reinvestment plan.

F3: This transaction was executed in multiple trades at prices ranging from $233.61 to $234.58. 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 $234.73 to $235.62. 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 $235.90 to $236.895. 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 transaction was executed in multiple trades at prices ranging from $236.95 to $237.94. 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.

F7: This transaction was executed in multiple trades at prices ranging from $238.15 to $238.695. 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.

F8: Option fully vested.

F9: Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan.

F10: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F11: 1 for 1.

F12: The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.

F13: 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.

F14: 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.

F15: 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.

F16: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.