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Snap-on (SNA) VP reports 739-share vesting and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Snap-on Inc. VP of Operations Development Iain Boyd reported the vesting of 739 restricted stock units into an equal number of common shares on February 9, 2026. These units vested after a three-year restricted period tied to continued employment.

To cover taxes on the vesting, 222 common shares were withheld at a price of $368.12 per share. After these transactions, Boyd directly held 12,819.7304 Snap-on common shares and an additional 706.6021 shares indirectly through a 401(k) plan. He also reported various stock options, restricted stock units, performance units, and deferred stock units that may deliver additional shares if future vesting and performance conditions are met.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Boyd Iain

(Last) (First) (Middle)
SNAP-ON INCORPORATED
2801 80TH STREET

(Street)
KENOSHA WI 53143

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Snap-on Inc [ SNA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP - Operations Development
3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/09/2026 M(1) 739 A (1) 13,041.7304(2) D
Common Stock 02/09/2026 F(3) 222 D $368.12 12,819.7304 D
Common Stock 706.6021(4) I By 401(k) Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (5) 02/09/2026 M(1) 739 02/09/2026(6) 02/09/2026(6) Common Stock 739 (1) 0 D
Stock Option (Right to Buy) $211.67 (7) 02/10/2032 Common Stock 1,558 1,558 D
Stock Option (Right to Buy) $249.26 (7) 02/09/2033 Common Stock 2,158 2,158 D
Stock Option (Right to Buy) $269 02/15/2025(8) 02/15/2034 Common Stock 2,978 2,978 D
Stock Option (Right to Buy) $339.73 02/13/2026(8) 02/13/2035 Common Stock 2,280 2,280 D
Restricted Stock Units (5) 02/15/2027(6) 02/15/2027(6) Common Stock 642 642 D
Restricted Stock Units (5) 02/13/2028(6) 02/13/2028(6) Common Stock 533 533 D
Performance Units (5) (9) (9) Common Stock 1,479 1,479 D
Performance Units (5) (10) (10) Common Stock 1,285 1,285 D
Performance Units (5) (11) (11) Common Stock 1,066 1,066 D
Deferred Stock Units (5) (12) (12) Common Stock 402.5981(4) 402.5981(4) D
Explanation of Responses:
1. The restricted stock units reported above vested on the date indicated based on continued employment of the reporting person throughout the three-year restricted period.
2. Includes 89.2570 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 7.8745 shares acquired under a dividend reinvestment plan.
3. Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
4. This information is based on a plan statement dated December 31, 2025.
5. 1 for 1.
6. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
7. Option fully vested.
8. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
9. 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.
10. 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.
11. 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.
12. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
/s/ Ryan S. Lovitz under Power of Attorney for Iain Boyd 02/10/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Snap-on (SNA) VP Iain Boyd report on this Form 4?

Snap-on VP Iain Boyd reported the vesting of 739 restricted stock units into common stock on February 9, 2026. These RSUs vested after a three-year restricted period based on continued employment, increasing his directly held Snap-on share position.

How many Snap-on (SNA) shares does Iain Boyd own after the reported transactions?

After the reported transactions, Iain Boyd directly owned 12,819.7304 Snap-on common shares. He also held 706.6021 additional common shares indirectly through a 401(k) plan, based on a plan statement dated December 31, 2025.

How were taxes handled on Iain Boyd’s Snap-on restricted stock unit vesting?

To cover taxes on the vested restricted stock units, 222 Snap-on common shares were withheld at a price of $368.12 per share. This tax withholding reduced the net number of new shares Boyd retained from the 739-share vesting.

What types of equity awards does Snap-on (SNA) VP Iain Boyd continue to hold?

Iain Boyd continues to hold stock options, restricted stock units, performance units, and deferred stock units tied to Snap-on common stock. These awards may convert into shares in the future, subject to vesting schedules and, for performance units, achievement of specified company performance goals.

What are the performance conditions on Iain Boyd’s Snap-on performance units?

Boyd’s performance units can vest, and stock will be awarded, if Snap-on meets specified goals over the 2023–2025, 2024–2026, and 2025–2027 periods. The target number of units is reported, and the maximum payout can reach 200% of target, subject to plan limits.

What do the Snap-on restricted stock unit terms mean for Iain Boyd’s future share delivery?

Each restricted stock unit is exchangeable for one Snap-on common share on vesting. New RSU grants generally vest three years from the grant date, assuming continued employment, potentially increasing Boyd’s future share ownership if he remains with the company.
Snap-On Inc

NYSE:SNA

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18.90B
50.82M
Tools & Accessories
Cutlery, Handtools & General Hardware
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United States
KENOSHA