Filing Details
- Accession Number:
- 0001127602-23-020224
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-07-05 17:26:58
- Reporting Period:
- 2023-06-30
- Accepted Time:
- 2023-07-05 17:26:58
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 91440 | Snap-On Inc | SNA | Cutlery, Handtools & General Hardware (3420) | 390622040 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1390311 | Iain Boyd | Snap-On Incorporated 2801 80Th Street Kenosha WI 53143 | Vp - Operations Development | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-06-30 | 4,537 | $168.70 | 11,882 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-06-30 | 4,537 | $289.07 | 7,345 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | Disposition | 2023-06-30 | 4,537 | $0.00 | 4,537 | $168.70 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 8,963 | 2027-02-09 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 663 | Indirect | By 401(k) Plan |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Option (Right to Buy) | $189.89 | 2022-02-11 | 2031-02-11 | 6,044 | 6,044 | Direct |
| Common Stock | Stock Option (Right to Buy) | $211.67 | 2023-02-10 | 2032-02-10 | 4,674 | 4,674 | Direct |
| Common Stock | Stock Option (Right to Buy) | $249.26 | 2024-02-09 | 2033-02-09 | 3,237 | 3,237 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 2024-02-11 | 2024-02-11 | 942 | 942 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 2025-02-10 | 2025-02-10 | 799 | 799 | Direct |
| Common Stock | Restricted Stock Units | $0.00 | 2026-02-09 | 2026-02-09 | 739 | 739 | Direct |
| Common Stock | Performance Units | $0.00 | 1,885 | 1,885 | Direct | ||
| Common Stock | Performance Units | $0.00 | 1,598 | 1,598 | Direct | ||
| Common Stock | Performance Units | $0.00 | 1,479 | 1,479 | Direct | ||
| Common Stock | Deferred Stock Units | $0.00 | 375 | 375 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 2031-02-11 | 6,044 | 6,044 | Direct |
| 2032-02-10 | 4,674 | 4,674 | Direct |
| 2033-02-09 | 3,237 | 3,237 | Direct |
| 2024-02-11 | 942 | 942 | Direct |
| 2025-02-10 | 799 | 799 | Direct |
| 2026-02-09 | 739 | 739 | Direct |
| 1,885 | 1,885 | Direct | |
| 1,598 | 1,598 | Direct | |
| 1,479 | 1,479 | Direct | |
| 375 | 375 | Direct |
Footnotes
- The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on February 16, 2023.
- This transaction was executed in multiple trades at prices ranging from $289.00 to $289.27. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
- Option fully vested.
- Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 16, 2023.
- Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- 1 for 1.
- The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- 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.
- 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.
- 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.
- Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
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