Snap-on (SNA) Sr VP Chambers logs RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap-on Inc. senior executive Timothy L. Chambers reported routine equity compensation activity. On 02/09/2026, 1,332 restricted stock units vested and were converted into an equal number of Snap-on common shares.
Of these shares, 596 were withheld at a price of $368.12 per share to cover tax obligations. Following these transactions, Chambers directly owned 20,216.4179 shares of Snap-on common stock. He also continues to hold various vested stock options, restricted stock units, and performance units that may deliver additional shares if future performance goals are achieved.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,332 shares exercised/converted
Mixed
17 txns
Insider
Chambers Timothy L
Role
Sr VP & Pres - Tools
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,332 | $0.00 | -- |
| Exercise | Common Stock | 1,332 | $0.00 | -- |
| Tax Withholding | Common Stock | 596 | $368.12 | $219K |
| 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 | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 20,812.418 shares (Direct);
Stock Option (Right to Buy) — 9,500 shares (Direct);
Performance Units — 2,663 shares (Direct)
Footnotes (1)
- The restricted stock units reported above vested on the date indicated based on continued employment of the reporting person throughout the three-year restricted period. Shares were withheld to cover tax withholding upon the vesting of the restricted stock units. 1 for 1. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment. Option fully vested. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. If the Company achieves certain goals over the 2023-2025 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 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 Timothy L. Chambers report?
Timothy L. Chambers reported the vesting of 1,332 restricted stock units into Snap-on common stock. These units vested on 02/09/2026 based on continued employment over a three-year period, reflecting standard executive equity compensation rather than an open-market stock purchase.
What do the vested restricted stock units mean for Snap-on (SNA) executive compensation?
The vested restricted stock units represent equity compensation earned over a three-year restricted period, contingent on continued employment. Upon vesting, each unit converted 1-for-1 into Snap-on common stock, aligning the executive’s compensation more closely with shareholder value and the company’s long-term performance.
What stock options and awards does Timothy L. Chambers hold at Snap-on (SNA)?
The Form 4 lists multiple fully vested stock options with exercise prices ranging from $155.34 to $339.73 and expirations through 2035, along with outstanding restricted stock units and performance units. Performance units can pay out stock if specified 2023–2027 performance goals are achieved, subject to plan limits.
How are Snap-on (SNA) performance units structured for Timothy L. Chambers?
Performance units for periods 2023–2025, 2024–2026, and 2025–2027 will vest and deliver Snap-on stock only if the company meets certain goals. The filing notes the target number of units is reported, and the maximum payout is 200% of target, subject to plan limits.