Director Holden (NYSE: SNA) granted 91 Snap-on shares in stock fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap-on Inc director James P. Holden reported receiving 91 shares of common stock at $383.40 per share as a grant or award, described as payment of fees in stock under the Company’s Directors’ 1993 Fee Plan. After this award, he holds 8,937.776 shares of common stock directly and 20,723 shares indirectly through a trust, which includes 20.5055 shares acquired via a dividend reinvestment plan. He also holds 9,607 restricted stock units, each exchangeable 1-for-1 into common stock, with all restrictions lapsing and the underlying shares deliverable upon the earliest of retirement from the Board, death, or a change in control.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
HOLDEN JAMES P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 91 | $383.40 | $35K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,937.776 shares (Direct, null);
Restricted Stock Units — 9,607 shares (Direct, null);
Common Stock — 20,723 shares (Indirect, Trust)
Footnotes (1)
- Payment of fees in stock under the Company's Directors' 1993 Fee Plan. Includes 20.5055 shares acquired under a dividend reinvestment plan. 1 for 1. All restrictions lapse and the reporting person will receive the underlying shares upon the earliest of retirement from the Board, death or a change in control.
Key Figures
Director stock grant: 91 shares
Grant price: $383.40 per share
Direct common shares after: 8,937.776 shares
+3 more
6 metrics
Director stock grant
91 shares
Common Stock grant as fee payment
Grant price
$383.40 per share
Value of 91-share stock fee award
Direct common shares after
8,937.776 shares
Direct Snap-on common stock holdings post-grant
Indirect trust shares
20,723 shares
Common stock held indirectly through a trust
Dividend reinvestment shares
20.5055 shares
Portion of trust holdings from dividend reinvestment
Restricted stock units
9,607 units
RSUs convertible 1-for-1 into common stock
Key Terms
Directors' 1993 Fee Plan, Restricted Stock Units, dividend reinvestment plan, change in control
4 terms
Directors' 1993 Fee Plan financial
"Payment of fees in stock under the Company's Directors' 1993 Fee Plan."
Restricted Stock Units financial
"All restrictions lapse and the reporting person will receive the underlying shares"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend reinvestment plan financial
"Includes 20.5055 shares acquired under a dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
change in control financial
"upon the earliest of retirement from the Board, death or a change in control."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What insider transaction did Snap-on (SNA) director James P. Holden report?
James P. Holden reported receiving a grant of 91 Snap-on common shares at $383.40 per share. The filing describes this as payment of director fees in stock under Snap-on’s Directors’ 1993 Fee Plan, making it a routine compensation-related equity award rather than an open-market purchase.
What restricted stock unit (RSU) holdings does James P. Holden report in Snap-on (SNA)?
Holden reports 9,607 restricted stock units tied to Snap-on common stock on a 1-for-1 basis. All restrictions on these RSUs lapse, and the underlying shares become deliverable upon the earliest of his retirement from the Board, his death, or a change in control at the company.
How are James P. Holden’s director fees paid under Snap-on’s 1993 Fee Plan?
The filing states that 91 shares were issued as payment of fees in stock under Snap-on’s Directors’ 1993 Fee Plan. This indicates at least part of Holden’s board compensation is delivered in equity, aligning director interests with shareholders by granting common stock instead of solely cash fees.
What indirect Snap-on (SNA) holdings does James P. Holden report through a trust?
Holden reports indirect ownership of 20,723 Snap-on common shares held through a trust. Footnotes clarify that this total includes 20.5055 shares acquired via a dividend reinvestment plan, indicating that dividends on those holdings are automatically reinvested into additional company shares over time.