Snap-on (SNA) CEO exercises 33,750 options, sells 23,229 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap-on Inc Chairman, President and CEO Nicholas T. Pinchuk exercised stock options for 33,750 shares of common stock at a price of $168.7000 per share and acquired the corresponding common shares. On the same date, he sold 23,229 common shares in open-market transactions at weighted average prices ranging from about $380.74 to $388.79 to cover the option exercise price and estimated tax liability under a pre-established Rule 10b5-1 trading plan adopted on November 3, 2025. Following these transactions, he directly held 846,562.4362 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 23,229 shares ($8,905,029)
Net Sell
27 txns
Insider
PINCHUK NICHOLAS T
Role
Chairman, President and CEO
Sold
23,229 shs ($8.91M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 33,750 | $0.00 | -- |
| Exercise | Common Stock | 33,750 | $168.70 | $5.69M |
| Sale | Common Stock | 5,777 | $381.3554 | $2.20M |
| Sale | Common Stock | 4,538 | $382.1938 | $1.73M |
| Sale | Common Stock | 3,450 | $383.2594 | $1.32M |
| Sale | Common Stock | 3,933 | $384.2243 | $1.51M |
| Sale | Common Stock | 3,652 | $385.2553 | $1.41M |
| Sale | Common Stock | 1,000 | $386.3456 | $386K |
| Sale | Common Stock | 479 | $387.0037 | $185K |
| Sale | Common Stock | 400 | $388.678 | $155K |
| 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 | Restricted Stock Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Deferred Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 101,250 shares (Direct);
Common Stock — 869,791.436 shares (Direct);
Restricted Stock Units — 5,114 shares (Direct);
Performance Units — 15,340 shares (Direct);
Deferred Stock Units — 26,242.585 shares (Direct);
Common Stock — 867.704 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- 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. This transaction was executed in multiple trades at prices ranging from $380.74 to $381.73. 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. This transaction was executed in multiple trades at prices ranging from $381.74 to $382.73. 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. This transaction was executed in multiple trades at prices ranging from $382.74 to $383.73. 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. This transaction was executed in multiple trades at prices ranging from $383.75 to $384.74. 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. This transaction was executed in multiple trades at prices ranging from $384.75 to $385.71. 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. This transaction was executed in multiple trades at prices ranging from $385.81 to $386.64. 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. This transaction was executed in multiple trades at prices ranging from $386.84 to $387.64. 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. This transaction was executed in multiple trades at prices ranging from $388.63 to $388.79. 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. Option fully vested. Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on November 3, 2025. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. 1 for 1. 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 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. 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. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
FAQ
What did Snap-on (SNA) CEO Nicholas T. Pinchuk report in this Form 4?
Nicholas T. Pinchuk reported exercising stock options for 33,750 Snap-on shares and selling 23,229 shares in open-market trades. These transactions were executed under a Rule 10b5-1 trading plan adopted on November 3, 2025, and related to covering exercise and tax obligations.
What type of derivative securities did the Snap-on (SNA) CEO exercise?
He exercised stock options described as a “Stock Option (Right to Buy)” covering 33,750 shares at an exercise price of $168.7000 per share. A footnote notes that the option was fully vested and the exercise qualified under Rule 16b-3 provisions for equity compensation.
Does the Form 4 show other Snap-on (SNA) equity awards held by the CEO?
Yes. The filing lists holdings of stock options, restricted stock units, performance units, and deferred stock units. Footnotes explain vesting over multi-year performance periods and that some performance units can pay up to 200% of target shares if specified company goals are achieved.