Snap-on (NYSE: SNA) tools division president sells shares via 10b5-1 plan
Rhea-AI Filing Summary
Snap-on Inc. senior vice president and president of Tools, Timothy L. Chambers, reported an exercise and sale of company stock. On 02/04/2026, he exercised a stock option for 8,000 shares of Snap-on common stock at $138.03 per share and immediately sold the 8,000 shares in two market transactions at weighted average prices of $384.8254 and $385.6287, all under a pre-established Rule 10b5-1 trading plan adopted on March 5, 2025.
Following these transactions, Chambers directly held 19,480.4179 shares of common stock, which include shares acquired through the company’s employee stock ownership and dividend reinvestment plans. He also continues to hold multiple vested and unvested stock options, restricted stock units, and performance units that may deliver additional shares in future years if service and performance conditions are met.
Positive
- None.
Negative
- None.
Insights
Pre-planned option exercise and sale; overall neutral signal.
Timothy L. Chambers, a senior executive of Snap-on Inc., exercised 8,000 stock options at $138.03 and sold the resulting shares at weighted average prices of $384.8254 and $385.6287 on 02/04/2026.
The filing states the option exercise and sale were executed under a Rule 10b5-1 trading plan adopted on March 5, 2025. Such plans are designed to pre-schedule trades, reducing the likelihood that they reflect short-term views on the company’s prospects.
After these transactions, Chambers still directly owns 19,480.4179 common shares and holds a portfolio of vested and unvested stock options, restricted stock units, and performance units with expirations extending to 2035. This indicates continued equity exposure, so the activity appears as routine diversification rather than a thesis-changing event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 8,000 | $0.00 | -- |
| Exercise | Common Stock | 8,000 | $138.03 | $1.10M |
| Sale | Common Stock | 5,005 | $384.8254 | $1.93M |
| Sale | Common Stock | 2,995 | $385.6287 | $1.15M |
| 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 | -- | -- | -- |
Footnotes (1)
- The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on March 5, 2025. Includes 19.6365 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 13.2120 shares acquired under a dividend reinvestment plan. This transaction was executed in multiple trades at prices ranging from $384.28 to $385.27. 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. This transaction was executed in multiple trades at prices ranging from $385.28 to $386.08. 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 March 5, 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 2023-2025 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 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.
