Snap-on executive exercises options, sells 9,111 shares
Rhea-AI Filing Summary
Snap-on Inc senior vice president and president – Tools, Timothy L. Chambers, exercised stock options for 9,111 shares of common stock at an exercise price of $168.70 on 2026-07-28 and sold 9,111 shares in two transactions, including 9,091 shares at a weighted average price of $419.3563 and 20 shares at $420.00. The option exercise and related sales were carried out pursuant to a Rule 10b5-1 Plan adopted on February 27, 2026. Chambers continues to hold multiple stock option grants, restricted stock units, and performance units that may settle in additional shares, with performance units eligible for up to 200% of target shares subject to company performance and plan limits.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 9,111 shares ($2.28M approx. pre-tax spread)
Exercise and Sale
19 txns
Insider
Chambers Timothy L
Role
Sr VP & Pres - Tools
Sold
9,111 shs ($3.82M)
Approx. gross sale proceeds
$3.82M
Approx. exercise cost
$1.54M
Approx. pre-tax spread
$2.28M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F1, F4, F3 | 9,111 | -- | -- |
| Exercise | Common Stock F1 | 9,111 | $168.70 | $1.54M |
| Sale | Common Stock F1, F2 | 9,091 | $419.3563 | $3.81M |
| Sale | Common Stock F1 | 20 | $420.00 | $8K |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Restricted Stock Units F6, F7 | -- | -- | -- |
| holding | Restricted Stock Units F6, F7 | -- | -- | -- |
| holding | Restricted Stock Units F6, F7 | -- | -- | -- |
| holding | Performance Units F6, F8 | -- | -- | -- |
| holding | Performance Units F6, F9 | -- | -- | -- |
| holding | Performance Units F6, F10 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 70,438 contracts (Direct);
Common Stock — 21,223.0001 shares (Direct);
Restricted Stock Units — 3,165 contracts (Direct);
Performance Units — 6,331 contracts (Direct)
Footnotes (10)
- F1. The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on February 27, 2026.
- F2. This transaction was executed in multiple trades at prices ranging from $419.00 to $419.99. 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. Option fully vested.
- F4. Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 27, 2026.
- F5. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F6. 1 for 1.
- F7. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- F8. 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.
- F9. 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.
- F10. 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
Options exercised: 9,111 shares
Shares sold (weighted average block): 9,091 shares
Additional shares sold: 20 shares
+3 more
6 metrics
Options exercised
9,111 shares
Stock options exercised at $168.70 on 2026-07-28
Shares sold (weighted average block)
9,091 shares
Common Stock sold at weighted average $419.3563, trades from $419.00 to $419.99
Additional shares sold
20 shares
Common Stock sold at $420.00 on 2026-07-28
Remaining option grant (2030 expiry)
13,500 underlying shares
Stock option with $155.34 exercise price expiring 2030-02-13
Performance units 2024–2026 target
2,357 units
Target performance units tied to 2024–2026 goals, up to 200% of target
Max performance unit payout
200% of target units
Maximum for 2024–2026, 2025–2027, 2026–2028 performance periods subject to plan limits
Key Terms
Rule 10b5-1 Plan, Rule 16b-3, weighted average sale price, restricted stock units, +1 more
5 terms
Rule 10b5-1 Plan regulatory
"The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan"
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 regulatory
"Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
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 ... 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Snap-on Inc (SNA) executive Timothy L. Chambers report?
Timothy L. Chambers reported exercising 9,111 stock options at $168.70 and selling 9,111 shares of Snap-on common stock on 2026-07-28. The exercise and sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted February 27, 2026.
At what price were Timothy L. Chambers' Snap-on Inc (SNA) stock options exercised?
The reported stock options were exercised at an exercise price of $168.70 per share for 9,111 underlying shares. These options were fully vested and the exercise was described as a Rule 16b-3 stock option transaction under a Rule 10b5-1 plan.
Were the Snap-on Inc (SNA) insider trades made under a Rule 10b5-1 plan?
Yes. The filing states the option exercise and share sales were completed pursuant to a Rule 10b5-1 Plan adopted on February 27, 2026. The Form 4 also affirms use of a Rule 10b5-1 trading arrangement at the document level.
What equity awards in Snap-on Inc (SNA) does Timothy L. Chambers continue to hold?
Chambers continues to hold multiple stock options, restricted stock units, and performance units tied to Snap-on common stock. Remaining options cover tens of thousands of underlying shares with exercise prices from $155.34 to $378.55 and expirations between 2028 and 2036.
What is the potential maximum payout of Chambers' Snap-on Inc (SNA) performance units?
For each performance period, the filing notes the maximum payout is 200% of target units, subject to plan limits. Performance units for 2024–2026, 2025–2027, and 2026–2028 vest only if specified company goals are achieved.
AI-generated analysis. How Rhea-AI works. Not financial advice.
