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Snap-on Inc — Director's Dealing 2025
Feb 18, 2025
30335_dirs_2025-02-18_54561643-4dca-448b-b0ff-ed308d0f7e42.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: 2025-02-13
Reporting Person: Boyd Iain (VP - Operations Development)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-02-13 | Common Stock | M | 1723 | — | Acquired | 12776.5989 | Direct |
| 2025-02-13 | Common Stock | F | 571 | $339.73 | Disposed | 12205.5989 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-02-13 | Performance Units | $ | A | 125 | Acquired | Common Stock (125) | Direct | |
| 2025-02-13 | Performance Units | $ | M | 1723 | Disposed | Common Stock (1723) | Direct | |
| 2025-02-13 | Stock Option (Right to Buy) | $339.73 | A | 2280 | Acquired | 2035-02-13 | Common Stock (2280) | Direct |
| 2025-02-13 | Restricted Stock Units | $ | A | 533 | Acquired | 2028-02-13 | Common Stock (533) | Direct |
| 2025-02-13 | Performance Units | $ | A | 1066 | Acquired | Common Stock (1066) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 688.3452 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $211.67 | 2032-02-10 | Common Stock (1558) | 1558 | Direct |
| Stock Option (Right to Buy) | $249.26 | 2033-02-09 | Common Stock (2158) | 2158 | Direct |
| Stock Option (Right to Buy) | $269.00 | 2034-02-15 | Common Stock (2978) | 2978 | Direct |
| Restricted Stock Units | $ | 2026-02-09 | Common Stock (739) | 739 | Direct |
| Restricted Stock Units | $ | 2027-02-15 | Common Stock (642) | 642 | Direct |
| Performance Units | $ | Common Stock (1479) | 1479 | Direct | |
| Performance Units | $ | Common Stock (1285) | 1285 | Direct | |
| Deferred Stock Units | $ | Common Stock (392.0833) | 392.0833 | Direct |
Footnotes
F1: Based on Company performance during the 2022-2024 period, 107.8% 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 2025-2027 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 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.
F10: 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.
F11: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.