Snap-on (NYSE: SNA) CEO reports award vesting and fresh equity grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap-on Inc. Chairman, President and CEO Nicholas T. Pinchuk reported several equity compensation transactions. On February 12, 2026, 11,602 performance units were exercised into the same number of shares of common stock, reflecting 69.7% vesting based on 2023–2025 company performance. To cover tax withholding on this vesting, 5,142 shares of common stock were withheld at a price of $378.55 per share. Following these transactions, he directly owned 836,041.4362 shares of common stock, plus 867.7043 shares held indirectly in a 401(k) plan.
On the same date, he received new grants of 18,755 stock options with a $378.55 exercise price, 4,515 restricted stock units, and 13,546 performance units, each convertible into one share of common stock. The new performance units can earn up to 200% of the target amount if 2026–2028 goals are achieved, subject to plan limits.
Positive
- None.
Negative
- None.
Insider Trade Summary
11,602 shares exercised/converted
Mixed
22 txns
Insider
PINCHUK NICHOLAS T
Role
Chairman, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Units | 5,043 | $0.00 | -- |
| Exercise | Performance Units | 11,602 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 18,755 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,515 | $0.00 | -- |
| Grant/Award | Performance Units | 13,546 | $0.00 | -- |
| Exercise | Common Stock | 11,602 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,142 | $378.55 | $1.95M |
| 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 | Deferred Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Units — 11,602 shares (Direct);
Stock Option (Right to Buy) — 18,755 shares (Direct);
Restricted Stock Units — 4,515 shares (Direct);
Common Stock — 841,183.436 shares (Direct);
Deferred Stock Units — 26,242.585 shares (Direct);
Common Stock — 867.704 shares (Indirect, By 401(k) Plan)
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. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
FAQ
What insider transactions did Snap-on (SNA) CEO Nicholas T. Pinchuk report?
Nicholas T. Pinchuk reported the vesting and exercise of 11,602 performance units into common stock, tax withholding of 5,142 shares at $378.55, and new grants of 18,755 stock options, 4,515 restricted stock units, and 13,546 performance units on February 12, 2026.
What equity awards were granted to the Snap-on (SNA) CEO on February 12, 2026?
On February 12, 2026, the CEO received 18,755 stock options with a $378.55 exercise price, 4,515 restricted stock units, and 13,546 performance units, each convertible into one share of Snap-on common stock, as described in the derivative securities section of the Form 4.
How were taxes handled on the Snap-on (SNA) CEO’s vested performance units?
When 11,602 performance units vested and converted into common stock, 5,142 shares were withheld at $378.55 per share to satisfy tax withholding obligations. This tax-related share withholding is identified with transaction code F and explained directly in the Form 4 footnotes.
What performance conditions apply to the new Snap-on (SNA) CEO performance units?
The 13,546 newly granted performance units vest only if Snap-on meets specified goals over the 2026–2028 period. The filing states the target amount can increase up to 200% of reported units, subject to plan limits, if these performance goals are achieved.
What does 69.7% vesting of Snap-on (SNA) performance units mean for the CEO?
The filing notes that 69.7% of previously granted performance units vested based on Snap-on’s performance from 2023 to 2025. This percentage determined the 11,602 units that actually converted into shares, within a structure that allowed up to 200% of the original target, subject to plan limits.