Snap-on Inc — Director's Dealing 2023

Feb 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Snap-on Inc (SNA)
CIK: 0000091440
Period of Report: 2023-02-09

Reporting Person: Pagliari Aldo John (Sr VP - Finance & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-09	Common Stock	M	10000	$109.43	Acquired	87541.2909	Direct
2023-02-09	Common Stock	S	2190	$250.23	Disposed	85351.2909	Direct
2023-02-09	Common Stock	S	1700	$251.7063	Disposed	83651.2909	Direct
2023-02-09	Common Stock	S	1934	$252.8475	Disposed	81717.2909	Direct
2023-02-09	Common Stock	S	1206	$253.704	Disposed	80511.2909	Direct
2023-02-09	Common Stock	M	4300	—	Acquired	84811.2909	Direct
2023-02-09	Common Stock	F	2021	$249.26	Disposed	82790.2909	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-09	Stock Option (Right to Buy)	$109.43	M	10000	Disposed	2024-02-13	Common Stock (10000)	Direct
2023-02-09	Performance Units	$	A	1460	Acquired		Common Stock (1460)	Direct
2023-02-09	Performance Units	$	M	4300	Disposed		Common Stock (4300)	Direct
2023-02-09	Stock Option (Right to Buy)	$249.26	A	7850	Acquired	2033-02-09	Common Stock (7850)	Direct
2023-02-09	Restricted Stock Units	$	A	1793	Acquired	2026-02-09	Common Stock (1793)	Direct
2023-02-09	Performance Units	$	A	3586	Acquired		Common Stock (3586)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$144.69	2025-02-12	Common Stock (34000)	34000	Direct
Stock Option (Right to Buy)	$138.03	2026-02-11	Common Stock (35000)	35000	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (36000)	36000	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (26052)	26052	Direct
Stock Option (Right to Buy)	$155.92	2029-02-14	Common Stock (23500)	23500	Direct
Stock Option (Right to Buy)	$155.34	2030-02-13	Common Stock (23500)	23500	Direct
Stock Option (Right to Buy)	$189.89	2031-02-11	Common Stock (14986)	14986	Direct
Stock Option (Right to Buy)	$211.67	2032-02-10	Common Stock (11252)	11252	Direct
Restricted Stock Units	$	2024-02-11	Common Stock (2337)	2337	Direct
Restricted Stock Units	$	2025-02-10	Common Stock (1924)	1924	Direct
Performance Units	$		Common Stock (4673)	4673	Direct
Performance Units	$		Common Stock (3847)	3847	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: This transaction was executed in multiple trades at prices ranging from $249.95 to $250.93. 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 $251.32 to $252.25. 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 $252.35 to $253.335. 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 $253.40 to $254.27. 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: 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).

F7: Shares were withheld to cover tax withholding upon the vesting of performance units.

F8: Option fully vested.

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

F10: 1 for 1.

F11: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F12: The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.

F13: The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.

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: 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.

F16: 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.