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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Miller Richard Thomas

(Last) (First) (Middle)

2801 80TH STREET

(Street)

KENOSHA WI 53143

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Snap-on Inc [ SNA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Gen Counsel & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
12/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/03/2025		M		1,728	A	$161.18	5,886.3913(1)	D
Common Stock	12/03/2025		S		1,474	D	$344.626(2)	4,412.3913	D
Common Stock	12/03/2025		S		254	D	$345.155(3)	4,158.3913	D
Common Stock	12/04/2025		M		2,000	A	$161.18	6,158.3913	D
Common Stock	12/04/2025		S		923	D	$347.5681(4)	5,235.3913	D
Common Stock	12/04/2025		S		1,077	D	$348.8682(5)	4,158.3913	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$161.18	12/03/2025		M			1,728	(6)	02/15/2028	Common Stock	1,728	(7)	2,000	D
Stock Option (Right to Buy)	$161.18	12/04/2025		M			2,000	(6)	02/15/2028	Common Stock	2,000	(7)	0	D
Stock Option (Right to Buy)	$155.92							(6)	02/14/2029	Common Stock	4,500		4,500	D
Stock Option (Right to Buy)	$155.34							(6)	02/13/2030	Common Stock	4,700		4,700	D
Stock Option (Right to Buy)	$189.89							(6)	02/11/2031	Common Stock	2,815		2,815	D
Stock Option (Right to Buy)	$211.67							(6)	02/10/2032	Common Stock	2,941		2,941	D
Stock Option (Right to Buy)	$249.26							02/09/2024(8)	02/09/2033	Common Stock	2,433		2,433	D
Stock Option (Right to Buy)	$269							02/15/2025(8)	02/15/2034	Common Stock	2,670		2,670	D
Stock Option (Right to Buy)	$339.73							02/13/2026(8)	02/13/2035	Common Stock	2,076		2,076	D
Restricted Stock Units	(9)							02/09/2026(10)	02/09/2026(10)	Common Stock	556		556	D
Restricted Stock Units	(9)							02/15/2027(10)	02/15/2027(10)	Common Stock	576		576	D
Restricted Stock Units	(9)							02/13/2028(10)	02/13/2028(10)	Common Stock	485		485	D
Performance Units	(9)							(11)	(11)	Common Stock	1,111		1,111	D
Performance Units	(9)							(12)	(12)	Common Stock	1,152		1,152	D
Performance Units	(9)							(13)	(13)	Common Stock	971		971	D
Deferred Stock Units	(9)							(14)	(14)	Common Stock	963.6252(15)		963.6252(15)	D

Explanation of Responses:

1. Includes 6.7872 shares acquired under a dividend reinvestment plan.

2. 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.

3. 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.

4. 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.

5. 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.

6. Option fully vested.

7. Exercise of Rule 16b-3 stock option.

8. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

9. 1 for 1.

10. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.

11. 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.

12. 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.

13. 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.

14. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.

15. This information is based on a plan statement dated September 30, 2025.

	/s/ Ryan S. Lovitz under Power of Attorney for Richard T. Miller	12/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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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.

How many Snap-on (SNA) shares did the executive acquire through option exercises?

On 12/03/2025 and 12/04/2025, he exercised stock options to acquire 1,728 and 2,000 shares of Snap-on common stock at an exercise price of $161.18 per share.

How many Snap-on (SNA) shares did the executive sell and at what prices?

He sold 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, respectively.

How many Snap-on (SNA) shares does the reporting person own after these transactions?

Following the reported trades, the executive directly beneficially owned 4,158.3913 shares of Snap-on common stock, as shown in the non-derivative holdings table.

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.