Snap-on Inc (SNA) CFO exercises 8,000 options and sells 5,531 shares
Rhea-AI Filing Summary
Snap-on Inc Sr VP – Finance & CFO Aldo John Pagliari exercised 8,000 stock options at an exercise price of $168.70 per share, receiving 8,000 shares of common stock. On the same date, he sold a total of 5,531 shares of common stock in multiple transactions at weighted-average prices around $402–$410 per share; a portion of these shares was sold to cover the option exercise price and estimated tax liability. All transactions were carried out under a Rule 10b5-1 trading plan adopted on November 3, 2025. He continues to hold substantial vested and unvested equity awards, including stock options with exercise prices between $161.18 and $378.55 expiring from 2028 through 2036, as well as restricted stock units and performance units tied to future performance goals.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
23 txns
Insider
Pagliari Aldo John
Role
Sr VP - Finance & CFO
Sold
5,531 shs ($2.24M)
Approx. gross sale proceeds
$2.24M
Approx. exercise cost
$1.35M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F1, F9, F8 | 8,000 | -- | -- |
| Exercise | Common Stock F1, F2 | 8,000 | $168.70 | $1.35M |
| Sale | Common Stock F1, F3 | 1,447 | $403.136 | $583K |
| Sale | Common Stock F1, F4 | 2,564 | $403.9026 | $1.04M |
| Sale | Common Stock F1, F5 | 441 | $404.9451 | $179K |
| Sale | Common Stock F1, F6 | 831 | $405.9376 | $337K |
| Sale | Common Stock F1, F7 | 208 | $406.9759 | $85K |
| Sale | Common Stock F1 | 40 | $409.69 | $16K |
| holding | Stock Option (Right to Buy) F8 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F8 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F8 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F8 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F8 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F8 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F10 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F10 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F10 | -- | -- | -- |
| holding | Restricted Stock Units F11, F12 | -- | -- | -- |
| holding | Restricted Stock Units F11, F12 | -- | -- | -- |
| holding | Restricted Stock Units F11, F12 | -- | -- | -- |
| holding | Performance Units F11, F13 | -- | -- | -- |
| holding | Performance Units F11, F14 | -- | -- | -- |
| holding | Performance Units F11, F15 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 134,775 shares (Direct);
Common Stock — 120,644.1183 shares (Direct);
Restricted Stock Units — 4,031 shares (Direct);
Performance Units — 8,060 shares (Direct)
Footnotes (15)
- F1. The option was exercised, and a portion of the underlying shares were sold to cover the exercise price and estimated tax liability, pursuant to a Rule 10b5-1 Plan, which was adopted on November 3, 2025.
- F2. Includes 17.4326 shares acquired under a dividend reinvestment plan.
- F3. This transaction was executed in multiple trades at prices ranging from $402.43 to $403.41. The price reported above reflects the weighted average sale price. the reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
- F4. This transaction was executed in multiple trades at prices ranging from $403.45 to $404.42. The price reported above reflects the weighted average sale price. the reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
- F5. This transaction was executed in multiple trades at prices ranging from $404.45 to $405.41 The price reported above reflects the weighted average sale price. the reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
- F6. This transaction was executed in multiple trades at prices ranging from $405.50 to $406.47. The price reported above reflects the weighted average sale price. the reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
- F7. This transaction was executed in multiple trades at prices ranging from $406.56 to $407.29. The price reported above reflects the weighted average sale price. the reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
- F8. Option fully vested.
- F9. Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on November 3, 2025.
- F10. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F11. 1 for 1.
- F12. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- F13. 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.
- F14. 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.
- F15. 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.
Key Figures
Options Exercised: 8,000 shares
Exercise Price: $168.70 per share
Shares Sold: 5,531 shares
+4 more
7 metrics
Options Exercised
8,000 shares
Stock options exercised into common stock on 2026-08-13 at $168.70 per share
Exercise Price
$168.70 per share
Exercise price of stock option covering 8,000 underlying shares
Shares Sold
5,531 shares
Total common shares sold across six sale transactions on 2026-08-13
Sale Price Range
$402.43–$409.69 per share
Price ranges for multiple sale tranches as disclosed in footnotes
Remaining Option Grant
26,052 shares at $161.18
Direct stock option holding expiring on 2028-02-15
RSU Holdings
1,533; 1,249; 1,249 shares
Restricted stock units convertible 1-for-1 into common stock, vesting 2027–2029
Performance Units Targets
3,065; 2,498; 2,497 shares
Target performance units that may vest at up to 200% of target, subject to goals
Key Terms
Rule 10b5-1 Plan, Rule 16b-3, restricted stock units, performance units, +1 more
5 terms
Rule 10b5-1 Plan regulatory
"sold to cover the exercise price and estimated tax liability, pursuant to a Rule 10b5-1 Plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Rule 16b-3 regulatory
"Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
restricted stock units financial
"The restricted stock units vest three years from the grant date"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance units financial
"If the Company achieves certain goals over the 2024-2026 period, the performance units will vest"
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
dividend reinvestment plan financial
"Includes 17.4326 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.
FAQ
What did Snap-on Inc (SNA) CFO Aldo Pagliari do in this Form 4 filing?
Aldo Pagliari exercised 8,000 stock options at $168.70 per share and sold 5,531 shares of common stock in multiple transactions around $402–$410 per share, with part of the sales covering exercise costs and estimated taxes.
Were the Snap-on Inc (SNA) CFO’s option exercise and sales under a Rule 10b5-1 plan?
Yes. The option exercise and related share sales were conducted under a Rule 10b5-1 Plan that was adopted on November 3, 2025, as noted in the footnotes and the Rule 10b5-1 affirmation checkbox.
What stock options does the Snap-on Inc (SNA) CFO still hold after these transactions?
The CFO continues to hold multiple stock option awards on Snap-on common stock, including options over 26,052 shares at $161.18 expiring in 2028 and additional grants with exercise prices up to $378.55 expiring through 2036.
What other equity awards in Snap-on Inc (SNA) does the CFO hold?
Beyond options, the CFO holds restricted stock units covering 1,533, 1,249, and another 1,249 underlying shares vesting between 2027 and 2029, plus performance units tied to 3,065, 2,498, and 2,497 target shares, subject to company performance goals.
How were the exercise price and taxes covered in the Snap-on Inc (SNA) CFO’s transaction?
Footnotes state that, upon exercising 8,000 options, a portion of the underlying shares was sold specifically to cover the option exercise price and estimated tax liability, with the remaining sales reported separately.
AI-generated analysis. How Rhea-AI works. Not financial advice.
