Snap-on VP sells 427 shares in planned trade
Snap-on Inc executive Richard Thomas Miller, VP, General Counsel & Secretary, reported an open-market sale of 427 shares of common stock on June 10, 2026 at $389.55 per share.
Rhea-AI Filing Summary
Snap-on Inc executive Richard Thomas Miller, VP, General Counsel & Secretary, reported an open-market sale of 427 shares of common stock on June 10, 2026 at $389.55 per share. Following this transaction, he holds 4,527.2058 common shares directly.
The sale was executed under a pre-arranged Rule 10b5-1 Plan adopted on March 11, 2026, indicating a scheduled trading program. Miller also reports a range of outstanding equity awards, including deferred stock units, performance units, restricted stock units and stock options with exercise prices between roughly $155 and $379 expiring from 2029 to 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 427 shares
Net Sell
16 txns
Insider
Miller Richard Thomas
Role
VP, Gen Counsel & Secretary
Sold
427 shs ($166K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 427 | $389.55 | $166K |
| 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 | -- | -- | -- |
| holding | Deferred Stock Units | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,527.2058 shares (Direct);
Stock Option (Right to Buy) — 24,245 contracts (Direct);
Restricted Stock Units — 1,569 contracts (Direct);
Performance Units — 3,139 contracts (Direct);
Deferred Stock Units — 1,176.0777 contracts (Direct)
Footnotes (11)
- F1. The shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on March 11, 2026.
- F2. Includes 2.3172 shares acquired under a dividend reinvestment plan.
- F3. Option fully vested.
- F4. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F5. 1 for 1.
- F6. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
- F11. This information is based on a plan statement dated March 31, 2026.
Key Figures
Shares sold: 427 shares
Sale price per share: $389.55
Common shares after transaction: 4,527.2058 shares
+5 more
8 metrics
Shares sold
427 shares
Open-market sale on June 10, 2026
Sale price per share
$389.55
Common stock sale on June 10, 2026
Common shares after transaction
4,527.2058 shares
Direct ownership following sale
Deferred stock units underlying shares
1,176.0777 shares
Deferred stock units linked to common stock
Performance units block
1,152.0000 shares
Target underlying common shares for one grant
Restricted stock units (largest grant)
576.0000 shares
RSUs vesting February 15, 2027
Largest stock option grant
4,700.0000 shares at $155.34
Option expiring February 13, 2030
Recent option grant
2,110.0000 shares at $378.55
Option expiring February 12, 2036
Key Terms
Rule 10b5-1 Plan, restricted stock units, performance units, deferred stock units, +2 more
6 terms
Rule 10b5-1 Plan regulatory
"The shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on March 11, 2026."
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.
restricted stock units financial
"The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment."
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.
performance units financial
"If the Company achieves certain goals over the 2024-2026 period, the performance units will vest and stock will be awarded."
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.
deferred stock units financial
"Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
stock option (Right to Buy) financial
"Stock Option (Right to Buy) with exercise prices such as 155.3400 and 378.5500 and expirations through 2036-02-12."
dividend reinvestment plan financial
"Includes 2.3172 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Snap-on Inc (SNA) report for Richard Thomas Miller?
Snap-on Inc reported that Richard Thomas Miller sold 427 shares of common stock. The open-market sale occurred on June 10, 2026 at a price of $389.55 per share, as disclosed in his Form 4 filing.
Was the Snap-on Inc (SNA) insider sale made under a Rule 10b5-1 trading plan?
Yes. The Form 4 footnotes state the 427-share sale was made under a Rule 10b5-1 Plan. That plan was adopted on March 11, 2026, indicating the trade followed a pre-arranged schedule rather than being a discretionary transaction.
What stock options does Richard Thomas Miller hold in Snap-on Inc (SNA)?
He holds several stock option grants labeled as rights to buy Snap-on common stock. Examples include 4,700 shares at a $155.34 exercise price expiring February 13, 2030, and 4,500 shares at $155.92 expiring February 14, 2029.
What types of equity awards besides common stock does Richard Thomas Miller report at Snap-on Inc (SNA)?
He reports deferred stock units, performance units and restricted stock units tied to Snap-on common stock. These awards have various vesting conditions, including multi-year performance periods and three-year time-based vesting, as described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
