Director at Snap-on (NYSE: SNA) receives 520-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap-on Inc. director David Charles Adams reported an acquisition of 520 shares of common stock through a grant of restricted stock from the company on February 12, 2026. The grant was at no cash cost per share.
After this award, Adams directly beneficially owned 2,337.3772 shares of Snap-on common stock, which includes 18.7383 shares acquired under a dividend reinvestment plan. He also reported indirect beneficial ownership of 5,854 additional shares held by his spouse via trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Adams David Charles
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 520 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,337.377 shares (Direct);
Common Stock — 5,854 shares (Indirect, By Spouse via Trusts)
Footnotes (1)
- Grant of restricted stock from the Company. Includes 18.7383 shares acquired under a dividend reinvestment plan.
FAQ
What insider transaction did Snap-on (SNA) report for David Charles Adams?
Snap-on director David Charles Adams reported receiving 520 shares of common stock as a restricted stock grant. The award carried no cash exercise price and increased his directly held position to 2,337.3772 shares, alongside additional indirect holdings through his spouse’s trusts.
Was the Snap-on (SNA) Form 4 transaction a purchase or a grant?
The Form 4 shows a stock grant, not an open-market purchase. Adams acquired 520 shares coded as a grant, award, or other acquisition, described as restricted stock from the company, rather than buying shares on the market with cash.
What indirect Snap-on (SNA) holdings are reported for David Charles Adams?
The filing reports that Adams has indirect beneficial ownership of 5,854 Snap-on common shares. These shares are held by his spouse via trusts, reflecting an additional economic interest separate from his directly owned and recently granted restricted stock.
What does the restricted stock grant mean for Snap-on (SNA) director compensation?
The grant indicates that part of Adams’s compensation is paid in restricted Snap-on shares. He received 520 shares at no cash price, aligning his interests with shareholders by tying some of his director compensation directly to the company’s equity performance.