Snap-on VP sells 1,378 shares in open market
Snap-on Inc executive June C. Lemerand, VP & Chief Information Officer, sold 1,378 shares of common stock in an open-market transaction on February 25, 2026.
Rhea-AI Filing Summary
Snap-on Inc executive June C. Lemerand, VP & Chief Information Officer, sold 1,378 shares of common stock in an open-market transaction on February 25, 2026. The weighted average sale price was $387.57 per share, with individual trades ranging from $387.57 to $387.65.
After this sale, Lemerand directly holds 2,912.7936 shares of Snap-on common stock. The filing also lists multiple outstanding stock options, restricted stock units, and performance units, some of which are fully vested and others that may vest over 2024–2026, 2025–2027, and 2026–2028 if specific company performance goals are achieved, with maximum payouts up to 200% of target units subject to plan limits.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,378 shares
Net Sell
16 txns
Insider
Lemerand June C
Role
VP & Chief Information Officer
Sold
1,378 shs ($534K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,378 | $387.5729 | $534K |
| 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:
Common Stock — 2,912.7936 shares (Direct);
Stock Option (Right to Buy) — 20,110 contracts (Direct);
Restricted Stock Units — 1,551 contracts (Direct);
Performance Units — 3,103 contracts (Direct)
Footnotes (8)
- F1. This transaction was executed in multiple trades at prices ranging from $387.57 to $387.65. 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.
- F2. Option fully vested.
- F3. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F4. 1 for 1.
- F5. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- F6. 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.
- F7. 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.
- F8. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Snap-on (SNA) report for June C. Lemerand?
Snap-on reported that June C. Lemerand sold 1,378 shares of common stock in an open-market transaction on February 25, 2026, at a weighted average price of $387.57 per share, with trades executed between $387.57 and $387.65.
What stock options does June C. Lemerand hold in Snap-on (SNA)?
The filing lists several Snap-on stock options held by June C. Lemerand, each described as a “Stock Option (Right to Buy)” with various remaining amounts, including 1,200, 1,906, 2,000, 2,856, 2,941, 2,433, 2,588, 2,076, and 2,110 options, some of which are noted as fully vested.
What restricted stock units does June C. Lemerand hold in Snap-on (SNA)?
June C. Lemerand holds Snap-on restricted stock units with reported post-transaction balances of 558, 485, and 508 units. These restricted stock units vest three years from their grant date, on the date listed, assuming continued employment with the company during that vesting period.
How are Snap-on (SNA) performance units structured for June C. Lemerand?
Lemerand’s performance units may vest and convert into stock if Snap-on meets specific goals over the 2024–2026, 2025–2027, and 2026–2028 periods. Target units are reported, and the maximum payout can reach 200% of the target amount, subject to the company’s plan limits.
What role does June C. Lemerand hold at Snap-on (SNA) in this Form 4?
In this Form 4, June C. Lemerand is identified as an officer of Snap-on, serving as Vice President & Chief Information Officer. The report covers her open-market sale of common stock and updates on her direct holdings of stock options, restricted stock units, and performance units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
