Snap-on VP gets new stock and option awards
Snap-on VP Iain Boyd reported multiple equity transactions on 02/12/2026.
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Form Type
4
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.
Insider Trade Summary
1,031 shares exercised/converted
Exercise
17 txns
Insider
Boyd Iain
Role
VP - Operations Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Units | 448 | $0.00 | $0.00 |
| Exercise | Performance Units | 1,031 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 2,213 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 533 | $0.00 | $0.00 |
| Grant/Award | Performance Units | 1,065 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,031 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 349 | $378.55 | $132K |
| 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 | Deferred Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 11,187 contracts for 8,974 underlying shares (Direct);
Restricted Stock Units — 1,708 contracts for 1,175 underlying shares (Direct);
Performance Units — 3,416 contracts for 2,351 underlying shares (Direct);
Common Stock — 13,501.7304 shares (Direct);
Deferred Stock Units — 402.5981 contracts (Direct);
Common Stock — 706.6021 shares (Indirect, By 401(k) Plan)
Footnotes (11)
- F1. 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).
- F2. Shares were withheld to cover tax withholding upon the vesting of performance units.
- F3. 1 for 1.
- F4. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F5. The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
- F6. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- F7. 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.
- F8. Option fully vested.
- 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. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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