Snap-on executive exercises SARs, sells 4,251 shares
Snap-on Inc senior vice president and President – Commercial Jesus Arregui reported a mix of equity transactions in company stock.
Rhea-AI Filing Summary
Snap-on Inc senior vice president and President – Commercial Jesus Arregui reported a mix of equity transactions in company stock. He exercised stock appreciation rights covering 7,500 shares of common stock at an exercise price of $168.70 per share, then conducted open-market sales totaling 4,251 shares at prices around $383–$386 per share. He also disposed of 3,249 shares back to the issuer. Following these transactions, Arregui directly holds 11,939.0665 shares of common stock. He continues to hold multiple tranches of performance units, restricted stock units and stock appreciation rights tied to future vesting dates and company performance periods through 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
21 txns
Insider
Arregui Jesus
Role
Sr VP & President - Commercial
Sold
4,251 shs ($1.63M)
Approx. gross sale proceeds
$1.63M
Approx. exercise cost
$1.27M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights | 7,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,500 | $168.70 | $1.27M |
| Disposition | Common Stock | 3,249 | $389.45 | $1.27M |
| Sale | Common Stock | 573 | $382.8392 | $219K |
| Sale | Common Stock | 2,676 | $383.7179 | $1.03M |
| Sale | Common Stock | 602 | $384.5549 | $232K |
| Sale | Common Stock | 400 | $385.831 | $154K |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Stock Appreciation Rights | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights — 56,518 contracts (Direct);
Common Stock — 4,439.0665 shares (Direct);
Restricted Stock Units — 3,165 contracts (Direct);
Performance Units — 6,331 contracts (Direct)
Footnotes (13)
- F1. Includes 33.7134 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 0.0087 shares acquired under a dividend reinvestment plan.
- F2. This transaction was executed in multiple trades at prices ranging from $382.255 to $383.25. 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.
- F3. This transaction was executed in multiple trades at prices ranging from $383.29 to $384.27. 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 $384.31 to $384.76. 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 $385.61 to $386.01. 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. Stock appreciation rights grant fully vested.
- F7. Exercise of Rule 16b-3 stock appreciation rights.
- F8. Original stock appreciation rights grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F9. 1 for 1.
- F10. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- F11. 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.
- F12. 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.
- F13. 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
Shares sold (total): 4,251 shares
Sale block 1: 400 shares at $385.8310
Sale block 2: 602 shares at $384.5549
+5 more
8 metrics
Shares sold (total)
4,251 shares
Open-market sales of common stock on 2026-06-10
Sale block 1
400 shares at $385.8310
Common stock sale transaction coded S
Sale block 2
602 shares at $384.5549
Common stock sale transaction coded S
Largest sale block
2,676 shares at $383.7179
Common stock sale transaction coded S
Issuer disposition
3,249 shares at $389.4500
Common stock disposition to issuer, code D
SARs exercised
7,500 shares at $168.7000
Exercise of stock appreciation rights, code M
Post-transaction holdings
11,939.0665 shares
Common stock held directly after transactions
Largest remaining SAR grant
13,500 underlying shares at $155.3400
Stock appreciation rights expiring 2030-02-13
Key Terms
Stock appreciation rights, Restricted Stock Units, Performance Units, Rule 16b-3, +1 more
5 terms
Stock appreciation rights financial
"Stock Appreciation Rights grant fully vested and was exercised."
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
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, 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.
Rule 16b-3 financial
"Exercise of Rule 16b-3 stock appreciation rights."
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.
dividend reinvestment plan financial
"Includes 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Snap-on (SNA) executive Jesus Arregui report?
Jesus Arregui reported exercising stock appreciation rights for 7,500 Snap-on shares and selling 4,251 shares in open-market transactions, along with a 3,249-share disposition to the issuer, while retaining 11,939.0665 shares of common stock directly afterward.
What stock appreciation rights did Jesus Arregui exercise at Snap-on (SNA)?
He exercised stock appreciation rights covering 7,500 underlying Snap-on common shares at an exercise price of $168.70 per share. A footnote states the stock appreciation rights grant was fully vested and the exercise was a Rule 16b-3 transaction.
What unvested equity awards does Jesus Arregui still have at Snap-on (SNA)?
He continues to hold performance units, restricted stock units, and stock appreciation rights tied to Snap-on common stock. These awards have various exercise or vesting dates extending through 2027–2036 and in some cases depend on company performance over multi-year periods.
How do Jesus Arregui’s Snap-on (SNA) performance units vest?
The performance units may vest, and stock will be awarded, if Snap-on meets certain goals over the 2024–2026, 2025–2027, or 2026–2028 performance periods. The maximum payout is 200% of the target units reported, subject to plan limits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
