Snap-on (SNA) VP June Lemerand gains stock from RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap-on Inc. VP & Chief Information Officer June C. Lemerand reported routine equity compensation activity. On February 9, 2026, 556 restricted stock units vested on a one-for-one basis into Snap-on common shares, reflecting completion of a three-year restricted period tied to continued employment.
To cover tax withholding on this vesting, 167 common shares were withheld at a price of $368.12 per share. After these transactions, Lemerand directly held 3,784.7936 shares of Snap-on common stock. The filing also lists fully vested stock options and time- and performance-based awards that may deliver additional shares if future goals are achieved.
Positive
- None.
Negative
- None.
Insider Trade Summary
556 shares exercised/converted
Mixed
16 txns
Insider
Lemerand June C
Role
VP & Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 556 | $0.00 | -- |
| Exercise | Common Stock | 556 | $0.00 | -- |
| Tax Withholding | Common Stock | 167 | $368.12 | $61K |
| 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 — 3,951.794 shares (Direct);
Stock Option (Right to Buy) — 1,200 shares (Direct);
Performance Units — 1,111 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. Includes 9.3077 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 24.9496 shares acquired under a dividend reinvestment plan. 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 activity did Snap-on (SNA) report for June C. Lemerand on February 9, 2026?
Snap-on reported that VP & Chief Information Officer June C. Lemerand had 556 restricted stock units vest into common shares. The filing also shows shares withheld for taxes and lists her outstanding stock options and performance-based equity awards.
What do the vested restricted stock units mean for June C. Lemerand at Snap-on (SNA)?
The vested restricted stock units converted into 556 Snap-on common shares after Lemerand completed a three-year employment-based restriction period. This shifts value from unvested awards to directly held shares, aligning her compensation more closely with the company’s share price performance.
What stock options are listed for June C. Lemerand in the Snap-on (SNA) Form 4?
The filing lists multiple fully vested stock options labeled as Stock Option (Right to Buy), each with a specific exercise price and expiration date. These options give Lemerand the right to purchase Snap-on common shares at predetermined prices before the stated expiration dates.
How do Snap-on (SNA) performance units work in June C. Lemerand’s equity awards?
The performance units can vest and pay out in Snap-on shares if the company meets specified performance goals over periods such as 2023–2025, 2024–2026, and 2025–2027. The filing notes that maximum payouts can reach up to 200% of the reported target units, subject to plan limits.