Snap-on (NYSE: SNA) SVP reports equity vesting and new stock grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap-on Inc. senior vice president Jesus Arregui reported multiple equity award activities on February 12, 2026. He exercised 1,856 performance units into 1,856 shares of common stock and then had 831 shares withheld at $378.55 per share to cover taxes, leaving 4,405.3444 common shares held directly.
He disposed of 807 performance units back to the issuer as part of the vesting settlement. Arregui also received new equity grants: 4,103 stock appreciation rights, 988 restricted stock units, and 1,975 performance units, all at no cash cost to him, with future vesting and performance conditions described in the award terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,856 shares exercised/converted
Mixed
19 txns
Insider
Arregui Jesus
Role
Sr VP & President - Commercial
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Units | 807 | $0.00 | -- |
| Exercise | Performance Units | 1,856 | $0.00 | -- |
| Grant/Award | Stock Appreciation Rights | 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 | 831 | $378.55 | $315K |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
Holdings After Transaction:
Performance Units — 1,856 shares (Direct);
Stock Appreciation Rights — 4,103 shares (Direct);
Restricted Stock Units — 988 shares (Direct);
Common Stock — 5,236.344 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 appreciation rights grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. This transaction was a stock appreciation rights grant. Accordingly, the reporting person did not pay a price to obtain the stock appreciation rights grant. 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. Stock appreciation rights grant 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 transaction did Snap-on (SNA) executive Jesus Arregui report?
Jesus Arregui reported exercising 1,856 performance units into 1,856 Snap-on common shares and settling related tax obligations. The filing also shows new grants of stock appreciation rights, restricted stock units, and performance units as part of his equity compensation.
What new equity awards did Snap-on (SNA) grant to Jesus Arregui?
Jesus Arregui received 4,103 stock appreciation rights, 988 restricted stock units, and 1,975 performance units. These awards were granted at no cash cost to him and are subject to vesting schedules and, for performance units, future company performance goals.
How are the new Snap-on (SNA) performance units for Jesus Arregui structured?
The performance units granted can vest and convert into Snap-on stock if the company meets specified performance goals over defined multi-year periods. The filing notes that the target number of units is reported, with a maximum of up to 200% subject to plan limits.
What does the stock appreciation rights grant mean for Snap-on (SNA) executive compensation?
The 4,103 stock appreciation rights give Jesus Arregui the right to receive value based on future stock price gains above an exercise price. They vest over time and were granted without an upfront cash payment by the executive, aligning his compensation with share performance.