Snap-on (SNA) Sr VP Thomas Ward logs RSU vesting and share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap-on Inc. executive equity activity: Sr VP & President - RS&I Group, Thomas J. Ward, reported routine equity transactions on 02/09/2026. A block of 1,811 restricted stock units vested and converted into 1,811 shares of common stock.
To cover taxes on this vesting, 746 common shares were withheld at a price of $368.12 per share, leaving Ward with 59,380.1242 shares of Snap-on common stock held directly as of that date. This total includes a small amount acquired through a dividend reinvestment plan.
Ward also continues to hold various stock options, restricted stock units, and performance units that may deliver additional shares in future years if service and performance conditions described in the award terms are satisfied.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,811 shares exercised/converted
Mixed
12 txns
Insider
Ward Thomas J
Role
Sr VP & President - RS&I Group
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,811 | $0.00 | -- |
| Exercise | Common Stock | 1,811 | $0.00 | -- |
| Tax Withholding | Common Stock | 746 | $368.12 | $275K |
| 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 — 0 shares (Direct);
Common Stock — 60,126.124 shares (Direct);
Stock Option (Right to Buy) — 3,823 shares (Direct);
Performance Units — 3,621 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. Includes 0.0429 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. 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 Thomas J. Ward on February 9, 2026?
On February 9, 2026, Snap-on executive Thomas J. Ward had 1,811 restricted stock units vest into 1,811 common shares. The filing shows this as a routine equity award vesting tied to his continued employment over a three-year restricted period.
What happened to the restricted stock units reported for Thomas J. Ward at Snap-on (SNA)?
The restricted stock units reported vested on the indicated date after a three-year restricted period tied to continued employment. They converted on a one-for-one basis into common shares, consistent with the plan terms referenced in the explanatory footnotes.
What stock options does Thomas J. Ward hold according to the Snap-on (SNA) Form 4?
The Form 4 lists several stock option holdings for Thomas J. Ward, including fully vested options and options exercisable between February 2025 and February 2035. These options cover thousands of shares of Snap-on common stock at specified exercise prices under the company’s equity plans.
What performance units are disclosed for Thomas J. Ward in the Snap-on (SNA) filing?
The filing shows performance units tied to goals over the 2023–2025, 2024–2026, and 2025–2027 periods, totaling 3,621, 3,065, and 2,498 target units respectively. If company goals are achieved, up to 200% of these targets may vest, subject to plan limits.