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Snap-on Inc — Director's Dealing 2024
Feb 20, 2024
30335_dirs_2024-02-20_63aff5b9-a5c6-40e5-b33a-ad06cc7bb299.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: Ward Thomas J (Sr VP & President - RS&I Group)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-15 | Common Stock | M | 9528 | — | Acquired | 59611.8124 | Direct |
| 2024-02-15 | Common Stock | F | 4211 | $269.00 | Disposed | 55400.8124 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-15 | Performance Units | $ | A | 4764 | Acquired | Common Stock (4764) | Direct | |
| 2024-02-15 | Performance Units | $ | M | 9528 | Disposed | Common Stock (9528) | Direct | |
| 2024-02-15 | Stock Option (Right to Buy) | $269.00 | A | 7106 | Acquired | 2034-02-15 | Common Stock (7106) | Direct |
| 2024-02-15 | Restricted Stock Units | $ | A | 1533 | Acquired | 2027-02-15 | Common Stock (1533) | Direct |
| 2024-02-15 | Performance Units | $ | A | 3065 | Acquired | Common Stock (3065) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $189.89 | 2031-02-11 | Common Stock (5092) | 5092 | Direct |
| Stock Option (Right to Buy) | $211.67 | 2032-02-10 | Common Stock (11468) | 11468 | Direct |
| Stock Option (Right to Buy) | $249.26 | 2033-02-09 | Common Stock (7928) | 7928 | Direct |
| Restricted Stock Units | $ | 2025-02-10 | Common Stock (1960) | 1960 | Direct |
| Restricted Stock Units | $ | 2026-02-09 | Common Stock (1811) | 1811 | Direct |
| Performance Units | $ | Common Stock (3921) | 3921 | Direct | |
| Performance Units | $ | Common Stock (3621) | 3621 | 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.