Snap-on (NYSE: SNA) VP reports equity grants, vesting and tax withholding

Rhea-AI Filing Summary

Snap-on VP Iain Boyd reported multiple equity transactions on 02/12/2026. He exercised 1,031 performance units into common stock, with 349 shares withheld at $378.55 to cover taxes, leaving 13,501.7304 directly owned shares. He also received 2,213 stock options at a $378.55 exercise price, 533 restricted stock units vesting in 2029, and 1,065 performance units that may vest based on 2026-2028 performance goals.

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^*

Boyd Iain

(Last) (First) (Middle)

SNAP-ON INCORPORATED

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 - Operations Development

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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	02/12/2026		M(1)		1,031	A	(1)	13,850.7304	D
Common Stock	02/12/2026		F(2)		349	D	$378.55	13,501.7304	D
Common Stock								706.6021	I	By 401(k) Plan

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
Performance Units	(3)	02/12/2026		D(1)			448	(1)	(1)	Common Stock	448	(1)	1,031	D
Performance Units	(3)	02/12/2026		M(1)			1,031	(1)	(1)	Common Stock	1,031	(1)	0	D
Stock Option (Right to Buy)	$378.55	02/12/2026		A		2,213		02/12/2027(4)	02/12/2036	Common Stock	2,213	$0(5)	2,213	D
Restricted Stock Units	(3)	02/12/2026		A		533		02/12/2029(6)	02/12/2029(6)	Common Stock	533	$0	533	D
Performance Units	(3)	02/12/2026		A		1,065		(7)	(7)	Common Stock	1,065	$0	1,065	D
Stock Option (Right to Buy)	$211.67							(8)	02/10/2032	Common Stock	1,558		1,558	D
Stock Option (Right to Buy)	$249.26							(8)	02/09/2033	Common Stock	2,158		2,158	D
Stock Option (Right to Buy)	$269							02/15/2025(4)	02/15/2034	Common Stock	2,978		2,978	D
Stock Option (Right to Buy)	$339.73							02/13/2026(4)	02/13/2035	Common Stock	2,280		2,280	D
Restricted Stock Units	(3)							02/15/2027(6)	02/15/2027(6)	Common Stock	642		642	D
Restricted Stock Units	(3)							02/13/2028(6)	02/13/2028(6)	Common Stock	533		533	D
Performance Units	(3)							(9)	(9)	Common Stock	1,285		1,285	D
Performance Units	(3)							(10)	(10)	Common Stock	1,066		1,066	D
Deferred Stock Units	(3)							(11)	(11)	Common Stock	402.5981		402.5981	D

Explanation of Responses:

1. Based on Company performance during the 2023-2025 period, 69.7% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits).

2. Shares were withheld to cover tax withholding upon the vesting of performance units.

3. 1 for 1.

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

5. The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.

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

7. 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.

8. Option fully vested.

9. 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.

10. 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.

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

	/s/ Ryan S. Lovitz under Power of Attorney for Iain Boyd	02/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did Snap-on (SNA) report for VP Iain Boyd?

Snap-on VP Iain Boyd reported equity vesting and new awards. He exercised 1,031 performance units into common stock, had 349 shares withheld for taxes, and received new grants of stock options, restricted stock units, and performance units tied to future company performance.

How many Snap-on shares does Iain Boyd directly own after this Form 4?

Iain Boyd directly owns 13,501.7304 Snap-on common shares after the transactions. This reflects the exercise of 1,031 performance units into stock and the tax-withholding disposition of 349 shares, as disclosed in the non-derivative holdings table for his direct ownership.

What new stock options did Snap-on grant to Iain Boyd on 02/12/2026?

Snap-on granted Iain Boyd 2,213 stock options on 02/12/2026. These options have a $378.55 exercise price, begin vesting on 02/12/2027, and expire on 02/12/2036, providing long-term incentive aligned with the company’s share price performance over that period.

What restricted stock units did Iain Boyd receive from Snap-on?

Iain Boyd received 533 restricted stock units on 02/12/2026. The units convert into an equal number of common shares on 02/12/2029, assuming continued employment, creating a three-year service-based vesting schedule that links compensation to retention and company performance.

How are Iain Boyd’s new Snap-on performance units structured?

Boyd was granted 1,065 performance units on 02/12/2026. These units may vest, and stock will be awarded, if Snap-on achieves specified goals over the 2026-2028 period, with a maximum payout of up to 200% of the reported target amount, subject to plan limits.

What does the 69.7% vesting rate on Snap-on performance units mean?

69.7% of a prior performance-unit award vested based on 2023-2025 results. The company states the executive could originally earn up to 200% of the reported units, subject to plan limits, and actual vesting at 69.7% reflects performance against those predefined goals.

How were taxes handled on Iain Boyd’s Snap-on equity vesting?

Taxes were settled through share withholding. Upon vesting of performance units, 349 common shares were disposed of at $378.55 per share to cover tax withholding, as indicated by the “F” transaction code and the explanatory footnote in the filing.