Snap-on VP exercises options and sells shares
Snap-on Inc executive June C. Lemerand, VP & Chief Information Officer, reported option exercises and share sales on 2026-08-11.
Rhea-AI Filing Summary
Snap-on Inc executive June C. Lemerand, VP & Chief Information Officer, reported option exercises and share sales on 2026-08-11. Lemerand exercised stock options covering 2,400 shares of common stock at exercise prices of $168.70 and $161.18 per share under Rule 16b-3 awards, receiving an equal number of common shares. The filing also reports sales totaling 4,352 shares of common stock at weighted average prices around $413–$414 per share, executed in multiple trades as disclosed in the footnotes. Lemerand continues to hold various unexercised stock options, restricted stock units, and performance units with expiration or vesting dates extending through 2036.
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Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
20 txns
Insider
Lemerand June C
Role
VP & Chief Information Officer
Sold
4,352 shs ($1.80M)
Approx. gross sale proceeds
$1.80M
Approx. exercise cost
$396K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F6, F5 | 1,200 | -- | -- |
| Exercise | Stock Option (Right to Buy) F6, F5 | 1,200 | -- | -- |
| Exercise | Common Stock F1 | 1,200 | $168.70 | $202K |
| Exercise | Common Stock | 1,200 | $161.18 | $193K |
| Sale | Common Stock F2 | 1,952 | $413.9881 | $808K |
| Sale | Common Stock F3 | 2,275 | $413.3696 | $940K |
| Sale | Common Stock F4 | 125 | $413.9212 | $52K |
| holding | Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F7 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F7 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F7 | -- | -- | -- |
| holding | Restricted Stock Units F8, F9 | -- | -- | -- |
| holding | Restricted Stock Units F8, F9 | -- | -- | -- |
| holding | Restricted Stock Units F8, F9 | -- | -- | -- |
| holding | Performance Units F8, F10 | -- | -- | -- |
| holding | Performance Units F8, F11 | -- | -- | -- |
| holding | Performance Units F8, F12 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 17,710 contracts for 17,004 underlying shares (Direct);
Common Stock — 981.2299 shares (Direct);
Restricted Stock Units — 1,551 contracts (Direct);
Performance Units — 3,103 contracts (Direct)
Footnotes (12)
- F1. Includes 7.9901 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 12.4462 shares acquired under a dividend reinvestment plan.
- F2. This transaction was executed in multiple trades at prices ranging from $413.49 to $414.24. 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.
- F3. This transaction was executed in multiple trades at prices ranging from $412.80 to $413.79. 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 $413.855 to $414.15. 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. Option fully vested.
- F6. Exercise of Rule 16b-3 stock option.
- F7. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F8. 1 for 1.
- F9. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- F10. 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.
- F11. 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.
- F12. 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: 4,352 shares
Option shares exercised: 2,400 shares
Option exercise price: $168.70 per share
+5 more
8 metrics
Shares sold
4,352 shares
Total common shares sold in three sale transactions on 2026-08-11
Option shares exercised
2,400 shares
Total common shares acquired via option exercises on 2026-08-11
Option exercise price
$168.70 per share
Exercise price for 1,200-share stock option expiring 2027-02-09
Option exercise price
$161.18 per share
Exercise price for 1,200-share stock option expiring 2028-02-15
Sale price (weighted avg)
$413.9881 per share
Weighted average sale price for 1,952-share sale with trades from $413.49 to $414.24
Unexercised options
2,000 underlying shares
Directly held stock option at $155.3400, expiring 2030-02-13
Restricted stock units
558 underlying shares
RSU grant vesting on 2027-02-15, 1-for-1 into common stock
Performance units target
1,116 underlying shares
Target performance units tied to 2024–2026 goals, up to 200% max
Key Terms
Rule 16b-3 stock option, weighted average sale price, Restricted Stock Units, Performance Units, +1 more
5 terms
Rule 16b-3 stock option regulatory
"Exercise of Rule 16b-3 stock option."
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
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.
Performance Units financial
"If the Company achieves certain goals over the 2024-2026 period, the performance units"
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.
Employee Stock Ownership Plan financial
"Includes 7.9901 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan"
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Snap-on (SNA) executive June C. Lemerand report in this Form 4?
Lemerand reported exercising stock options for 2,400 shares of Snap-on common stock and selling 4,352 shares of common stock on 2026-08-11, with details on prices and remaining equity awards.
What stock options did June C. Lemerand exercise in Snap-on (SNA)?
Lemerand exercised options for 1,200 shares at $168.70 and 1,200 shares at $161.18 per share, receiving 2,400 shares of Snap-on common stock under fully vested Rule 16b-3 stock option grants.
Does June C. Lemerand still hold Snap-on (SNA) options after these transactions?
Yes. The filing shows remaining stock options on 2,000 to 2,941 underlying shares per grant, with exercise prices from $155.34 to $378.55 and expiration dates between 2030 and 2036.
What other equity awards does June C. Lemerand hold in Snap-on (SNA)?
Lemerand holds restricted stock units and performance units tied to Snap-on common stock, including RSUs on 558, 485, and 508 shares and performance units on 1,116, 971, and 1,016 shares, subject to future vesting conditions.
Were June C. Lemerand’s Snap-on (SNA) sales single trades or multiple trades?
The reported sales were executed in multiple trades within specified price ranges, and the per-share prices disclosed are weighted average sale prices as described in the transaction footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
