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Snap-on Inc — Director's Dealing 2024
Feb 20, 2024
30335_dirs_2024-02-20_77a98cbf-e83b-4c69-9ef8-587f12fa624b.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: 2024-02-15
Reporting Person: Banerjee Anup R (Sr VP & Chief Devel. Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-15 | Common Stock | M | 7732 | — | Acquired | 14853 | Direct |
| 2024-02-15 | Common Stock | F | 3433 | $269.00 | Disposed | 11420 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-15 | Performance Units | $ | A | 3866 | Acquired | Common Stock (3866) | Direct | |
| 2024-02-15 | Performance Units | $ | M | 7732 | Disposed | Common Stock (7732) | Direct | |
| 2024-02-15 | Stock Option (Right to Buy) | $269.00 | A | 6161 | Acquired | 2034-02-15 | Common Stock (6161) | Direct |
| 2024-02-15 | Restricted Stock Units | $ | A | 1329 | Acquired | 2027-02-15 | Common Stock (1329) | Direct |
| 2024-02-15 | Performance Units | $ | A | 2658 | Acquired | Common Stock (2658) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $155.34 | 2030-02-13 | Common Stock (20250) | 20250 | Direct |
| Stock Option (Right to Buy) | $189.89 | 2031-02-11 | Common Stock (12397) | 12397 | Direct |
| Stock Option (Right to Buy) | $211.67 | 2032-02-10 | Common Stock (9337) | 9337 | Direct |
| Stock Option (Right to Buy) | $249.26 | 2033-02-09 | Common Stock (6546) | 6546 | Direct |
| Restricted Stock Units | $ | 2025-02-10 | Common Stock (1596) | 1596 | Direct |
| Restricted Stock Units | $ | 2026-02-09 | Common Stock (1495) | 1495 | Direct |
| Performance Units | $ | Common Stock (3192) | 3192 | Direct | |
| Performance Units | $ | Common Stock (2990) | 2990 | Direct | |
| Deferred Stock Units | $ | Common Stock (8276.8209) | 8276.8209 | Direct |
Footnotes
F1: Based on Company performance during the 2021-2023 period, 200% 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: The 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 2024-2026 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 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.
F10: 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.
F11: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.