Snap-on director gifts 3,464 shares to spouse trust
Snap-on Inc (SNA) director David Charles Adams reported bona fide gift transfers of company common stock on 2026-08-31.
Rhea-AI Filing Summary
Snap-on Inc (SNA) director David Charles Adams reported bona fide gift transfers of company common stock on 2026-08-31. He disposed of 1,732 shares from his direct holdings as a gift to a trust for the benefit of his spouse, reducing his direct ownership to 613.1445 shares. The same number of shares was acquired as indirect ownership "By Spouse via Trusts," bringing that trust’s holdings to 7,586 shares, which includes 7.7673 shares acquired through a dividend reinvestment plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,464 shares gifted
Gift
2 txns
Insider
Adams David Charles
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1, F2 | 1,732 | -- | -- |
| Gift | Common Stock F1 | 1,732 | -- | -- |
Holdings After Transaction:
Common Stock — 613.1445 shares (Direct);
Common Stock — 7,586 shares (Indirect, By Spouse via Trusts)
Footnotes (2)
- F1. Bona fide gift of shares to a trust for the benefit of the Reporting Person's spouse. The Reporting Person's spouse serves as trustee of the trust.
- F2. Includes 7.7673 shares acquired under a dividend reinvestment plan.
Key Figures
Gifted Shares: 1,732 shares
Direct Holdings After Transaction: 613.1445 shares
Indirect Holdings via Spouse’s Trusts: 7,586 shares
+2 more
5 metrics
Gifted Shares
1,732 shares
Bona fide gift of common stock on 2026-08-31
Direct Holdings After Transaction
613.1445 shares
Direct ownership of David Charles Adams after gift
Indirect Holdings via Spouse’s Trusts
7,586 shares
Indirect ownership "By Spouse via Trusts" after gift
Dividend Reinvestment Plan Shares
7.7673 shares
Portion of direct holdings acquired under a dividend reinvestment plan
Total Gift Shares Reported
3,464 shares
Aggregate giftShares across all reported gift transactions
Key Terms
bona fide gift, dividend reinvestment plan, indirect ownership
3 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
dividend reinvestment plan financial
"Includes 7.7673 shares acquired under a dividend reinvestment plan."
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
indirect ownership financial
"ownership_type: "indirect", nature_of_ownership: "By Spouse via Trusts""
FAQ
What insider transactions did Snap-on Inc (SNA) disclose for David Charles Adams?
David Charles Adams reported bona fide gift transfers of Snap-on Inc common stock on 2026-08-31, moving 1,732 shares from his direct ownership to a trust benefiting his spouse, which is reported as indirect ownership.
What are David Charles Adams’ direct Snap-on Inc (SNA) holdings after this Form 4?
After the reported gift transaction, David Charles Adams directly holds 613.1445 shares of Snap-on Inc common stock, as shown in the post-transaction ownership field for his direct account.
What are the indirect Snap-on Inc (SNA) holdings reported via Adams’ spouse’s trusts?
Indirectly, "By Spouse via Trusts," holdings total 7,586 shares of Snap-on Inc common stock after the transaction, including 7.7673 shares that were acquired under a dividend reinvestment plan.
Were the Snap-on Inc (SNA) insider transactions by David Charles Adams sales or purchases?
No open-market sales or purchases were reported. The Form 4 shows bona fide gift transactions coded "G," with 1,732 shares disposed from direct ownership and the same number acquired as indirect ownership via spouse’s trusts.
Does the Form 4 for Snap-on Inc (SNA) indicate a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is unchecked (aff_10b5_one is false), and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 or similar trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
