Snap-on (SNA) VP June Lemerand gains new equity awards and units
Rhea-AI Filing Summary
Snap-on VP & Chief Information Officer June C. Lemerand reported multiple equity compensation events on February 12, 2026. A block of 774 performance units was exercised into 774 shares of common stock, increasing direct common stock holdings to 4,558.7936 shares before tax withholding. To cover taxes on the vesting, 268 shares of common stock were surrendered at $378.55 per share, leaving 4,290.7936 shares held directly.
Based on company performance for 2023–2025, 69.7% of eligible performance units vested, with prior disclosure noting the chance to earn up to 200% of the original target. Lemerand also received new equity awards: 2,110 stock options at an exercise price of $378.55 expiring in 2036, 508 restricted stock units scheduled to vest in 2029, and 1,016 performance units tied to goals over the 2026–2028 period.
Positive
- None.
Negative
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Insights
Routine equity vesting and new grants for Snap-on VP, not open-market trading.
The filing shows June C. Lemerand, Snap-on’s VP & CIO, settling prior performance-based awards and receiving new stock-based compensation. Earlier performance units partly vested at 69.7% for the 2023–2025 cycle, leading to issuance of common shares and related tax withholding in stock.
New grants on February 12, 2026 include 2,110 stock options at an exercise price of $378.55, 508 restricted stock units, and 1,016 performance units for the 2026–2028 performance period. These awards are typical long-term incentives and do not indicate discretionary buying or selling in the open market.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Units | 337 | $0.00 | -- |
| Exercise | Performance Units | 774 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 2,110 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 508 | $0.00 | -- |
| Grant/Award | Performance Units | 1,016 | $0.00 | -- |
| Exercise | Common Stock | 774 | $0.00 | -- |
| Tax Withholding | Common Stock | 268 | $378.55 | $101K |
| 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 | -- | -- | -- |
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 option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option. 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. Option 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.
