Snap-on CEO exercises options, sells 23,229 shares
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.
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
Exercise and sale activity reported; no spread calculated
Exercise and Sale
27 txns
Insider
PINCHUK NICHOLAS T
Role
Chairman, President and CEO
Sold
23,229 shs ($8.91M)
Approx. gross sale proceeds
$8.91M
Approx. exercise cost
$5.69M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 33,750 | $0.00 | $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) — 518,314 contracts for 417,064 underlying shares (Direct);
Common Stock — 846,562.4362 shares (Direct);
Restricted Stock Units — 14,054 contracts (Direct);
Performance Units — 42,161 contracts (Direct);
Deferred Stock Units — 26,242.585 contracts (Direct);
Common Stock — 867.7043 shares (Indirect, By 401(k) Plan)
Footnotes (18)
- 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. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. Option fully vested.
- F11. Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on November 3, 2025.
- F12. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F13. 1 for 1.
- F14. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- F15. 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.
- F16. 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.
- F17. 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.
- F18. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
