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: Lemerand June C (VP & Chief Information Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-09	Common Stock	M	736	—	Acquired	2178.3315	Direct
2023-02-09	Common Stock	F	263	$249.26	Disposed	1915.3315	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-09	Performance Units	$	A	250	Acquired		Common Stock (250)	Direct
2023-02-09	Performance Units	$	M	736	Disposed		Common Stock (736)	Direct
2023-02-09	Stock Option (Right to Buy)	$249.26	A	2433	Acquired	2033-02-09	Common Stock (2433)	Direct
2023-02-09	Restricted Stock Units	$	A	556	Acquired	2026-02-09	Common Stock (556)	Direct
2023-02-09	Performance Units	$	A	1111	Acquired		Common Stock (1111)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$144.69	2025-02-12	Common Stock (1620)	1620	Direct
Stock Option (Right to Buy)	$168.70	2027-02-09	Common Stock (2200)	2200	Direct
Stock Option (Right to Buy)	$161.18	2028-02-15	Common Stock (2906)	2906	Direct
Stock Option (Right to Buy)	$155.92	2029-02-14	Common Stock (3600)	3600	Direct
Stock Option (Right to Buy)	$155.34	2030-02-13	Common Stock (4000)	4000	Direct
Stock Option (Right to Buy)	$189.89	2031-02-11	Common Stock (2856)	2856	Direct
Stock Option (Right to Buy)	$211.67	2032-02-10	Common Stock (2941)	2941	Direct
Restricted Stock Units	$	2024-02-11	Common Stock (445)	445	Direct
Restricted Stock Units	$	2025-02-10	Common Stock (502)	502	Direct
Performance Units	$		Common Stock (891)	891	Direct
Performance Units	$		Common Stock (1006)	1006	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 12.1267 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 22.5557 share acquired under a dividend reinvestment plan.

F3: Shares were withheld to cover tax withholding upon the vesting of performance units.

F4: 1 for 1.

F5: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F6: The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.

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 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.

F9: Option fully vested.

F10: 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.

F11: 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.