Snap-on (NYSE: SNA) VP Richard Miller logs RSU vesting and tax-share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap-on Inc. executive Richard Thomas Miller reported routine equity compensation activity. On 02/09/2026, 501 restricted stock units converted into 501 shares of common stock, and an additional 55 units also vested, with a portion deferred into deferred stock units according to his prior election.
To cover tax withholding on the vesting, 137 common shares were withheld at a price of $368.12 per share. After these transactions, Miller directly held 4,524.8886 shares of Snap-on common stock, along with various vested stock options, restricted stock units, and performance units tied to future company performance goals.
Positive
- None.
Negative
- None.
Insider Trade Summary
611 shares exercised/converted
Mixed
17 txns
Insider
Miller Richard Thomas
Role
VP, Gen Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 501 | $0.00 | -- |
| Exercise | Restricted Stock Units | 55 | $0.00 | -- |
| Exercise | Deferred Stock Units | 55 | $0.00 | -- |
| Exercise | Common Stock | 501 | $0.00 | -- |
| Tax Withholding | Common Stock | 137 | $368.12 | $50K |
| 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 | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 55 shares (Direct);
Deferred Stock Units — 1,025.373 shares (Direct);
Common Stock — 4,661.889 shares (Direct);
Stock Option (Right to Buy) — 4,500 shares (Direct);
Performance Units — 1,111 shares (Direct)
Footnotes (1)
- The restricted stock units reported above vested on the date indicated based on continued employment of the reporting person throughout the three-year restricted period. The reporting person elected to defer a portion of the restricted stock units on vesting. Includes 2.4973 shares acquired under a dividend reinvestment plan. Shares were withheld to cover tax withholding upon the vesting of the restricted stock units. 1 for 1. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment. This information is based on a plan statement dated December 31, 2025, as updated by the transaction being reported on this Form 4. Option fully vested. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. 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.
FAQ
What insider transaction did Snap-on (SNA) report for Richard Thomas Miller?
Snap-on reported that VP, General Counsel & Secretary Richard Thomas Miller had restricted stock units vest into common stock on 02/09/2026, with some units deferred and some shares withheld for taxes as part of standard equity compensation administration.
What do the deferred stock units mean in Snap-on (SNA) executive Miller’s filing?
Miller elected to defer a portion of his vested restricted stock units into deferred stock units. According to the footnotes, payment on these deferred units will occur under his deferral election or upon events such as death, disability, or termination of employment, on a one-for-one share basis.
What stock options does Richard Thomas Miller hold at Snap-on (SNA)?
The filing shows Miller holds several fully vested stock options with exercise prices between $155.34 and $339.73, covering grants expiring from 2029 to 2035. These options each relate to thousands of Snap-on common shares, reflecting long-term incentive awards previously granted.
How are Snap-on (SNA) performance units structured in Miller’s Form 4?
The performance units vest only if Snap-on meets specified goals over multi-year periods (2023–2025, 2024–2026, and 2025–2027). The filing reports target unit amounts, with a possible maximum payout of 200% of those targets, subject to plan limits and actual performance outcomes.