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Snap-on Inc — Director's Dealing 2024
Feb 20, 2024
30335_dirs_2024-02-20_517d2b15-0b08-4310-b9ae-bf4d7b4583c0.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: Boyd Iain (VP - Operations Development)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-15 | Common Stock | M | 3770 | — | Acquired | 11775.9525 | Direct |
| 2024-02-15 | Common Stock | F | 1384 | $269.00 | Disposed | 10391.9525 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-15 | Performance Units | $ | A | 1885 | Acquired | Common Stock (1885) | Direct | |
| 2024-02-15 | Performance Units | $ | M | 3770 | Disposed | Common Stock (3770) | Direct | |
| 2024-02-15 | Stock Option (Right to Buy) | $269.00 | A | 2978 | Acquired | 2034-02-15 | Common Stock (2978) | Direct |
| 2024-02-15 | Restricted Stock Units | $ | A | 642 | Acquired | 2027-02-15 | Common Stock (642) | Direct |
| 2024-02-15 | Performance Units | $ | A | 1285 | Acquired | Common Stock (1285) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 673.04 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 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 |
| Stock Option (Right to Buy) | $249.26 | 2033-02-09 | Common Stock (3237) | 3237 | Direct |
| Restricted Stock Units | $ | 2025-02-10 | Common Stock (799) | 799 | Direct |
| Restricted Stock Units | $ | 2026-02-09 | Common Stock (739) | 739 | Direct |
| Performance Units | $ | Common Stock (1598) | 1598 | Direct | |
| Performance Units | $ | Common Stock (1479) | 1479 | Direct | |
| Deferred Stock Units | $ | Common Stock (382.0201) | 382.0201 | 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.