Snap-on (SNA) VP reports 739-share vesting and tax share withholding
Filing Impact
Filing Sentiment
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.
Insider Trade Summary
739 shares exercised/converted
Mixed
14 txns
Insider
Boyd Iain
Role
VP - Operations Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 739 | $0.00 | -- |
| Exercise | Common Stock | 739 | $0.00 | -- |
| Tax Withholding | Common Stock | 222 | $368.12 | $82K |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Deferred Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 13,041.73 shares (Direct);
Stock Option (Right to Buy) — 1,558 shares (Direct);
Performance Units — 1,479 shares (Direct);
Deferred Stock Units — 402.598 shares (Direct);
Common Stock — 706.602 shares (Indirect, By 401(k) Plan)
Footnotes (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. Includes 89.2570 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 7.8745 shares acquired under a dividend reinvestment plan. Shares were withheld to cover tax withholding upon the vesting of the restricted stock units. This information is based on a plan statement dated December 31, 2025. 1 for 1. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment. Option fully vested. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. 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. 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. 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. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
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 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.