Snap-on (NYSE: SNA) CFO sells 5,713 shares after exercising options
Rhea-AI Filing Summary
Snap-on Inc senior vice president of finance and CFO Aldo John Pagliari reported a mixed set of insider transactions in company stock. He exercised 8,000 stock options at $168.70 per share, converting them into common stock, and on the same date sold a total of 5,713 shares of common stock in open-market trades at weighted average prices around the mid‑$360s. Footnotes state that a portion of the underlying shares was sold to cover the option exercise price and estimated tax obligations, and that these transactions were carried out under a pre-arranged Rule 10b5-1 Plan adopted on November 3, 2025. After the transactions, Pagliari directly owns about 119,487.6857 shares of Snap-on common stock, including shares acquired through a dividend reinvestment plan, and retains substantial outstanding awards of performance units, restricted stock units, and stock options that are exercisable or vesting over future years.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
20 txns
Insider
Pagliari Aldo John
Role
Sr VP - Finance & CFO
Sold
5,713 shs ($2.10M)
Approx. gross sale proceeds
$2.10M
Approx. exercise cost
$1.35M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 8,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,000 | $168.70 | $1.35M |
| Sale | Common Stock | 1,010 | $366.1956 | $370K |
| Sale | Common Stock | 3,029 | $367.0938 | $1.11M |
| Sale | Common Stock | 1,674 | $367.9554 | $616K |
| 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 | Stock Option (Right to Buy) | -- | -- | -- |
| 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 | Restricted Stock Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 142,775 shares (Direct);
Common Stock — 119,487.6857 shares (Direct);
Restricted Stock Units — 4,031 shares (Direct);
Performance Units — 8,060 shares (Direct)
Footnotes (13)
- F1. The option was exercised, and a portion of the underlying shares were sold to cover the exercise price and estimated tax liability, pursuant to a Rule 10b5-1 Plan, which was adopted on November 3, 2025.
- F2. Includes 17.6301 shares acquired under a dividend reinvestment plan.
- F3. This transaction was executed in multiple trades at prices ranging from $365.56 to $366.54. 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.
- F4. This transaction was executed in multiple trades at prices ranging from $366.57 to $367.55. 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.
- F5. This transaction was executed in multiple trades at prices ranging from $367.57 to $368.51. 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.
- F6. Option fully vested.
- F7. Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on November 3, 2025.
- F8. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F9. 1 for 1.
- F10. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- F11. 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.
- F12. 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.
- F13. If the Company achieves certain goals over the 2026-2028 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.
Key Figures
Shares sold: 5,713 shares
Sale prices: $365.56–$368.51/share
Options exercised: 8,000 shares
+5 more
8 metrics
Shares sold
5,713 shares
Common stock open-market sales on 2026-05-14
Sale prices
$365.56–$368.51/share
Price ranges for multiple sale trades on 2026-05-14
Options exercised
8,000 shares
Stock option exercise converting to common stock on 2026-05-14
Option exercise price
$168.70/share
Strike price of exercised stock options
Shares owned after
119,487.6857 shares
Direct Snap-on common stock holdings following transactions
Largest remaining option block
26,052 shares
Stock option (Right to Buy) at $161.18 expiring 2028-02-15
Performance units (example)
3,065 underlying shares
Performance units tied to 2026–2028 goals, 1-for-1 into stock
RSU grant (example)
1,533 underlying shares
Restricted stock units vesting on 2027-02-15, assuming employment
Key Terms
Rule 10b5-1 Plan, Rule 16b-3 stock option, Performance Units, Restricted Stock Units, +2 more
6 terms
Rule 10b5-1 Plan regulatory
"pursuant to a Rule 10b5-1 Plan, which was adopted on November 3, 2025"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Rule 16b-3 stock option regulatory
"Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan"
Performance Units financial
"If the Company achieves certain goals over the 2024-2026 period, the performance units will vest"
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
Restricted Stock Units financial
"The restricted stock units vest three years from the grant date"
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.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with an exercise price of 168.7000"
dividend reinvestment plan financial
"Includes 17.6301 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Snap-on (SNA) CFO Aldo Pagliari report?
Aldo John Pagliari reported exercising 8,000 Snap-on stock options at $168.70 per share and selling 5,713 common shares in open-market trades around the mid-$360s. These combined transactions reflect both option exercise and share sales on the same date under a pre-arranged plan.
Did the Snap-on (SNA) CFO exercise stock options in this Form 4?
Yes. Aldo John Pagliari exercised 8,000 stock options with an exercise price of $168.70 per share, converting them into common stock. A footnote explains this was an exercise of a Rule 16b-3 stock option, executed pursuant to a Rule 10b5-1 trading plan adopted in November 2025.
What equity awards does the Snap-on (SNA) CFO still have outstanding?
He continues to hold performance units, restricted stock units, and multiple stock option grants tied to Snap-on common stock. These carry exercise prices ranging from $155.34 to $378.55 and expiration dates from 2028 to 2036, plus performance awards that may vest if multi-year company goals are achieved.