Snap-on (SNA) insider exercises options, sells 800 shares
Rhea-AI Filing Summary
Snap-on Inc (SNA) officer Marty V. Ozolins, Vice President & Controller, reported an option exercise and sale on August 26, 2026. He exercised stock options for 800 shares of common stock at a strike price of $168.70 per share and sold 800 shares at $400.00 per share, all pursuant to a Rule 10b5-1 Plan adopted on May 21, 2026. He continues to hold multiple stock option grants, restricted stock units, performance units and 3,713.9586 deferred stock units, each convertible into one share of common stock.
Positive
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Insider Trade Summary 10b5-1
Exercise and Sale: 800 shares ($185K approx. pre-tax spread)
Exercise and Sale
19 txns
Insider
OZOLINS MARTY V.
Role
Vice President & Controller
Sold
800 shs ($320K)
Approx. gross sale proceeds
$320K
Approx. exercise cost
$135K
Approx. pre-tax spread
$185K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F1, F4, F3 | 800 | -- | -- |
| Exercise | Common Stock F1, F2 | 800 | $168.70 | $135K |
| Sale | Common Stock F1 | 800 | $400.00 | $320K |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F3 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F5 | -- | -- | -- |
| holding | Restricted Stock Units F6, F7 | -- | -- | -- |
| holding | Restricted Stock Units F6, F7 | -- | -- | -- |
| holding | Restricted Stock Units F6, F7 | -- | -- | -- |
| holding | Performance Units F6, F8 | -- | -- | -- |
| holding | Performance Units F6, F9 | -- | -- | -- |
| holding | Performance Units F6, F10 | -- | -- | -- |
| holding | Deferred Stock Units F6, F11, F12 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 11,427 shares (Direct);
Common Stock — 1,525.801 shares (Direct);
Restricted Stock Units — 803 shares (Direct);
Performance Units — 1,606 shares (Direct);
Deferred Stock Units — 3,713.9586 shares (Direct)
Footnotes (12)
- F1. The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on May 21, 2026.
- F2. Includes 76.6213 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 13.1244 shares acquired under a dividend reinvestment plan.
- F3. Option fully vested.
- F4. Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on May 21, 2026.
- F5. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F6. 1 for 1.
- F7. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
- F12. This information is based on a plan statement dated June 30, 2026.
Key Figures
Options Exercised: 800 shares of Common Stock
Option Exercise Price: $168.70 per share
Shares Sold: 800 shares of Common Stock
+5 more
8 metrics
Options Exercised
800 shares of Common Stock
Underlying shares from stock option exercise on August 26, 2026
Option Exercise Price
$168.70 per share
Strike price of exercised Stock Option (Right to Buy)
Shares Sold
800 shares of Common Stock
Sale reported with code S on August 26, 2026
Sale Price
$400.00 per share
Per-share price for 800-share sale of Common Stock
Deferred Stock Units
3,713.9586 units
Deferred Stock Units outstanding on a 1-for-1 basis with Common Stock
Option Position
1,000 underlying shares at $161.18
Stock Option (Right to Buy) expiring February 15, 2028
Performance Units (2024–2026 cycle target)
585 units
Target Performance Units with up to 200% of target earnable, subject to plan limits
Net-sell Shares
800 shares
Net buy/sell direction from transaction summary
Key Terms
Rule 10b5-1 Plan, Rule 16b-3 stock option, Restricted Stock Units, Performance Units, +2 more
6 terms
Rule 10b5-1 Plan regulatory
"The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Rule 16b-3 stock option regulatory
"Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan"
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 over the 2024-2026 period, 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.
Deferred Stock Units financial
"Payment will be made in accordance with the reporting person's deferral election"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Employee Stock Ownership Plan financial
"Includes 76.6213 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan"
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
FAQ
What did Snap-on (SNA) executive Marty V. Ozolins report in this Form 4?
Marty V. Ozolins reported exercising 800 stock options at a strike price of $168.70 and selling 800 shares of Snap-on common stock at $400.00 per share on August 26, 2026, under a pre-arranged Rule 10b5-1 Plan.
Were the Snap-on (SNA) insider transactions made under a Rule 10b5-1 plan?
Yes. The filing states the option exercise and sale were conducted pursuant to a Rule 10b5-1 Plan adopted on May 21, 2026, and the Rule 10b5-1 checkbox is affirmed, indicating the transactions followed a pre-established trading plan.
What stock options does Marty V. Ozolins still hold in Snap-on (SNA)?
He holds several stock option awards on Snap-on common stock, including options over 1,000 shares at an exercise price of $161.18 expiring February 15, 2028 and other grants with exercise prices from $155.34 to $378.55 expiring between 2029 and 2036.
What equity awards other than options does the Snap-on (SNA) insider hold?
He holds restricted stock units and performance units, plus 3,713.9586 deferred stock units, each on a 1-for-1 basis with Snap-on common stock. Performance units vest based on company goals over multi-year periods, with a maximum payout of 200% of target, subject to plan limits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
