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Snap-on Inc — Director's Dealing 2023
Feb 14, 2023
30335_dirs_2023-02-13_9795959f-0cc0-45ac-aa52-9d014443651c.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: 2023-02-09
Reporting Person: PINCHUK NICHOLAS T (Director, Chairman, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-09 | Common Stock | M | 15190 | — | Acquired | 673955.9965 | Direct |
| 2023-02-09 | Common Stock | F | 6728 | $249.26 | Disposed | 667227.9965 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-09 | Performance Units | $ | A | 5157 | Acquired | Common Stock (5157) | Direct | |
| 2023-02-09 | Performance Units | $ | M | 15190 | Disposed | Common Stock (15190) | Direct | |
| 2023-02-09 | Stock Option (Right to Buy) | $249.26 | A | 24295 | Acquired | 2033-02-09 | Common Stock (24295) | Direct |
| 2023-02-09 | Restricted Stock Units | $ | A | 5549 | Acquired | 2026-02-09 | Common Stock (5549) | Direct |
| 2023-02-09 | Performance Units | $ | A | 16645 | Acquired | Common Stock (16645) | 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) | $109.43 | 2024-02-13 | Common Stock (130000) | 130000 | Direct |
| 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 |
| Restricted Stock Units | $ | 2024-02-11 | Common Stock (6344) | 6344 | Direct |
| Restricted Stock Units | $ | 2025-02-10 | Common Stock (5519) | 5519 | Direct |
| Performance Units | $ | Common Stock (19033) | 19033 | Direct | |
| Performance Units | $ | Common Stock (16558) | 16558 | Direct | |
| Deferred Stock Units | $ | Common Stock (24273.4145) | 24273.4145 | Direct |
Footnotes
F1: Based on Company performance during the 2020-2022 period, approximately 151.4% 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 1.4769 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, 2022.
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 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.
F10: Option fully vested.
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: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.