Snap-on (SNA) senior VP reports new option, RSU and performance unit grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap-on Inc. senior executive Timothy L. Chambers reported multiple equity compensation transactions dated February 12, 2026. Performance units covering 1,856 shares of common stock were exercised into common stock, while 807 performance units were disposed of to the issuer after 69.7% of the award vested based on 2023–2025 performance. To cover tax withholding on the vesting, 873 common shares were withheld at a price of $378.55 per share, leaving Chambers with 21,199.4179 common shares held directly.
Chambers also received new equity awards: a grant of 4,103 stock options with a $378.55 exercise price, first exercisable on February 12, 2027 and expiring February 12, 2036; 988 restricted stock units scheduled to vest on February 12, 2029 assuming continued employment; and 1,975 performance units tied to company goals for 2026–2028, with the potential to earn up to 200% of the reported target subject to plan limits.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,856 shares exercised/converted
Mixed
20 txns
Insider
Chambers Timothy L
Role
Sr VP & Pres - Tools
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Units | 807 | $0.00 | -- |
| Exercise | Performance Units | 1,856 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 4,103 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 988 | $0.00 | -- |
| Grant/Award | Performance Units | 1,975 | $0.00 | -- |
| Exercise | Common Stock | 1,856 | $0.00 | -- |
| Tax Withholding | Common Stock | 873 | $378.55 | $330K |
| 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 | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
Holdings After Transaction:
Performance Units — 1,856 shares (Direct);
Stock Option (Right to Buy) — 4,103 shares (Direct);
Restricted Stock Units — 988 shares (Direct);
Common Stock — 22,072.418 shares (Direct)
Footnotes (1)
- Based on Company performance during the 2023-2025 period, 69.7% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits). Shares were withheld to cover tax withholding upon the vesting of performance units. 1 for 1. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment. 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. Option fully vested. 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.
FAQ
What insider transactions did Snap-on (SNA) executive Timothy L. Chambers report?
Timothy L. Chambers reported vesting and conversion of performance units into 1,856 Snap-on common shares, tax withholding of 873 shares at $378.55, and several new equity grants including 4,103 stock options, 988 restricted stock units, and 1,975 performance units.
What new stock options did Timothy L. Chambers receive from Snap-on (SNA)?
Chambers received a grant of 4,103 Snap-on stock options with a $378.55 exercise price. These options begin vesting on February 12, 2027 in three annual installments and expire on February 12, 2036, providing long-term incentive aligned with company performance.
What restricted stock units were granted to Timothy L. Chambers at Snap-on (SNA)?
He was granted 988 restricted stock units on February 12, 2026. According to the disclosure, these units are scheduled to vest three years from the grant date, on February 12, 2029, contingent on Chambers’ continued employment with Snap-on.
How are the new performance units for Timothy L. Chambers at Snap-on (SNA) structured?
Chambers received 1,975 performance units tied to goals over the 2026–2028 period. The filing states this is the target number; if certain company goals are achieved, up to 200% of this amount may vest, subject to plan limits.