Snap-on (NYSE: SNA) VP & General Counsel reports stock option exercises and sales
Rhea-AI Filing Summary
Snap-on Inc. executive discloses stock option exercises and sales. Richard T. Miller, Vice President, General Counsel & Secretary of Snap-on Inc. (SNA), reported multiple transactions in the company’s common stock on 12/03/2025 and 12/04/2025. He exercised stock options to acquire 1,728 and 2,000 shares at an exercise price of $161.18 per share, then sold several share blocks on the same dates.
The sales included 1,474 and 254 shares on 12/03/2025 at weighted average prices of about $344.626 and $345.155, and 923 and 1,077 shares on 12/04/2025 at weighted average prices of about $347.5681 and $348.8682. Following these transactions, he beneficially owned 4,158.3913 shares of common stock directly, and also held various vested and unvested stock options, restricted stock units, performance units and deferred stock units that may deliver additional shares if vesting and performance conditions are met.
Positive
- None.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 2,000 | $0.00 | -- |
| Exercise | Common Stock | 2,000 | $161.18 | $322K |
| Sale | Common Stock | 923 | $347.5681 | $321K |
| Sale | Common Stock | 1,077 | $348.8682 | $376K |
| Exercise | Stock Option (Right to Buy) | 1,728 | $0.00 | -- |
| Exercise | Common Stock | 1,728 | $161.18 | $279K |
| Sale | Common Stock | 1,474 | $344.626 | $508K |
| Sale | Common Stock | 254 | $345.155 | $88K |
| 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 | -- | -- | -- |
| holding | Deferred Stock Units | -- | -- | -- |
Footnotes (1)
- Includes 6.7872 shares acquired under a dividend reinvestment plan. This transaction was executed in multiple trades at prices ranging from $344.05 to $345.03. 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 $345.07 to $345.20. 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 $347.34 to $348.01. 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 $348.39 to $349.26. 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. 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. 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 September 30, 2025.
FAQ
What did Snap-on (SNA) disclose in this Form 4 filing?
The filing reports that Richard T. Miller, Snap-on’s Vice President, General Counsel & Secretary, exercised stock options and sold shares of Snap-on Inc. common stock on 12/03/2025 and 12/04/2025, and details his holdings after these transactions.
What derivative awards and equity incentives does the Snap-on (SNA) executive hold?
The filing lists several stock options with exercise prices from $155.34 to $339.73 and expiration dates through 02/13/2035, along with restricted stock units, performance units tied to company goals for periods including 2023–2025, 2024–2026 and 2025–2027, and deferred stock units that are generally settled on specified future dates or separation events.
What do the performance units in this Snap-on (SNA) Form 4 depend on?
The performance units may vest and result in stock being awarded if Snap-on achieves certain goals over the 2023–2025, 2024–2026, or 2025–2027 periods. The filing notes that the target number of units is reported and the maximum potential payout is 200% of the reported target, subject to plan limits.
