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: Boyd Iain (VP - Operations Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-09	Common Stock	M	1840	—	Acquired	8088.9705	Direct
2023-02-09	Common Stock	F	865	$249.26	Disposed	7223.9705	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-09	Performance Units	$	A	625	Acquired		Common Stock (625)	Direct
2023-02-09	Performance Units	$	M	1840	Disposed		Common Stock (1840)	Direct
2023-02-09	Stock Option (Right to Buy)	$249.26	A	3237	Acquired	2033-02-09	Common Stock (3237)	Direct
2023-02-09	Restricted Stock Units	$	A	739	Acquired	2026-02-09	Common Stock (739)	Direct
2023-02-09	Performance Units	$	A	1479	Acquired		Common Stock (1479)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	660.2837	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)	$161.18	2028-02-15	Common Stock (10344)	10344	Direct
Stock Option (Right to Buy)	$155.34	2030-02-13	Common Stock (3200)	3200	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
Restricted Stock Units	$	2024-02-11	Common Stock (942)	942	Direct
Restricted Stock Units	$	2025-02-10	Common Stock (799)	799	Direct
Performance Units	$		Common Stock (1885)	1885	Direct
Performance Units	$		Common Stock (1598)	1598	Direct
Deferred Stock Units	$		Common Stock (372.3883)	372.3883	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: Shares were withheld to cover tax withholding upon the vesting of performance units.

F3: 1 for 1.

F4: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

F5: This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.

F6: The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.

F7: 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.

F8: Option fully vested.

F9: 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.

F10: 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.

F11: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.