Snap-on VP exercises options and sells 1,878 shares
Snap-on Inc officer Iain Boyd, VP – Operations Development, reported an option exercise and related share sale.
Rhea-AI Filing Summary
Snap-on Inc officer Iain Boyd, VP – Operations Development, reported an option exercise and related share sale. On 2026-08-06 he exercised stock options covering 1,878 shares of common stock at strike prices of $211.67, $249.26 and $269.00, receiving an equal number of shares. The same day, he sold 1,878 shares of common stock at $423.00 per share. Footnotes state the option exercises and sale were made under a Rule 10b5-1 trading plan adopted on February 24, 2026. He continues to hold unexercised options, restricted stock units, performance units, deferred stock units and shares in a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 1,878 shares ($382K approx. pre-tax spread)
Exercise and Sale
17 txns
Insider
Boyd Iain
Role
VP - Operations Development
Sold
1,878 shs ($794K)
Approx. gross sale proceeds
$794K
Approx. exercise cost
$413K
Approx. pre-tax spread
$382K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F1, F5, F4 | 1,558 | -- | -- |
| Exercise | Stock Option (Right to Buy) F1, F5, F4 | 160 | -- | -- |
| Exercise | Stock Option (Right to Buy) F1, F5, F6 | 160 | -- | -- |
| Exercise | Common Stock F1, F2 | 1,558 | $211.67 | $330K |
| Exercise | Common Stock F1 | 160 | $249.26 | $40K |
| Exercise | Common Stock F1 | 160 | $269.00 | $43K |
| Sale | Common Stock F1 | 1,878 | $423.00 | $794K |
| holding | Stock Option (Right to Buy) F6 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F6 | -- | -- | -- |
| holding | Restricted Stock Units F7, F8 | -- | -- | -- |
| holding | Restricted Stock Units F7, F8 | -- | -- | -- |
| holding | Restricted Stock Units F7, F8 | -- | -- | -- |
| holding | Performance Units F7, F9 | -- | -- | -- |
| holding | Performance Units F7, F10 | -- | -- | -- |
| holding | Performance Units F7, F11 | -- | -- | -- |
| holding | Deferred Stock Units F7, F12, F3 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 9,309 contracts for 4,493 underlying shares (Direct);
Common Stock — 13,583.0218 shares (Direct);
Restricted Stock Units — 1,708 contracts (Direct);
Performance Units — 3,416 contracts (Direct);
Deferred Stock Units — 407.8658 contracts (Direct);
Common Stock — 712.6051 shares (Indirect, By 401(k) Plan)
Footnotes (12)
- F1. The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on February 24, 2026.
- F2. Includes 76.6213 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 4.6701 shares acquired under a dividend reinvestment plan.
- F3. This information is based on a plan statement dated June 30, 2026.
- F4. Option fully vested.
- F5. Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 24, 2026.
- F6. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F7. 1 for 1.
- F8. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- F9. 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.
- F10. 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.
- F11. If the Company achieves certain goals over the 2026-2028 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.
- F12. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
Key Figures
Shares sold: 1,878 shares
Sale price: $423.00 per share
Option exercise price: $211.67 per share
+5 more
8 metrics
Shares sold
1,878 shares
Common stock sale on 2026-08-06 at $423.00 per share
Sale price
$423.00 per share
Price for 1,878 common shares sold on 2026-08-06
Option exercise price
$211.67 per share
Exercise price for option on 1,558 underlying shares of common stock
Option exercise price
$249.26 per share
Exercise price for option on 160 underlying shares of common stock
Option exercise price
$269.00 per share
Exercise price for option on 160 underlying shares of common stock
Unexercised options
2,280 underlying shares
Stock option with $339.73 exercise price expiring 2035-02-13
Unexercised options
2,213 underlying shares
Stock option with $378.55 exercise price expiring 2036-02-12
Deferred stock units
407.8658 units
Deferred Stock Units linked 1-for-1 to common stock
Key Terms
Rule 10b5-1 Plan, Stock Option (Right to Buy), Restricted Stock Units, Performance Units, +2 more
6 terms
Rule 10b5-1 Plan regulatory
"The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
Restricted Stock Units financial
"The restricted stock units vest three years from the grant date"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Performance Units financial
"If the Company achieves certain goals over the 2024-2026 period, the performance units will vest"
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
Deferred Stock Units financial
"Deferred Stock Units underlying_security_shares": "407.8658""
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
Employee Stock Ownership Plan financial
"Includes 76.6213 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan"
An employee stock ownership plan (ESOP) is a company-run program that gives workers ownership stakes by allocating or letting them buy company shares, often through a retirement-style account. For investors, ESOPs matter because they align employees’ incentives with company performance—like turning staff into shareholders—which can boost productivity and long-term value but may also concentrate employee retirement savings in company stock, affecting financial risk and share demand.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Snap-on Inc (SNA) VP Iain Boyd report in this Form 4?
Iain Boyd reported exercising stock options for 1,878 shares of Snap-on common stock and selling 1,878 shares on 2026-08-06, all tied to a Rule 10b5-1 trading plan.
At what exercise prices did Iain Boyd exercise Snap-on (SNA) stock options?
He exercised options covering 1,558 shares at $211.67, 160 shares at $249.26 and 160 shares at $269.00 per share, receiving an equal number of Snap-on common shares.
Were Iain Boyd’s Snap-on (SNA) trades under a Rule 10b5-1 plan?
Yes. Footnotes state the option exercises and related share sale were made pursuant to a Rule 10b5-1 Plan adopted on February 24, 2026, and the filing’s 10b5-1 checkbox is marked.
What Snap-on (SNA) equity awards does Iain Boyd still hold after these transactions?
He continues to hold stock options over 2,280 and 2,213 underlying shares, restricted stock units totaling 642, 533 and 533 shares, performance units, deferred stock units of 407.8658 shares and 401(k) plan shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
