Snap-on (NYSE: SNA) CFO sells 7,043 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Snap-on Inc senior vice president of finance and CFO Aldo John Pagliari reported a mix of option exercises and share sales. He exercised 10,000 stock options, acquiring 10,000 shares of common stock at $168.70 per share through a Rule 16b-3 option exercise executed under a pre-arranged Rule 10b5-1 plan.
On the same date, he sold 7,043 common shares in four open-market transactions at reported weighted-average prices of $381.2361, $381.9318, $382.7835, and $384.1429, with footnotes stating the trades were in multiple executions within narrow price ranges and that sales helped cover the exercise price and estimated tax liability pursuant to the 10b5-1 plan. After these transactions, he directly holds 117,183.0556 common shares and continues to hold various stock options, restricted stock units, and performance units that may vest over 2024–2028 based on service and performance goals.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,043 shares ($2,690,785)
Net Sell
21 txns
Insider
Pagliari Aldo John
Role
Sr VP - Finance & CFO
Sold
7,043 shs ($2.69M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 10,000 | $0.00 | -- |
| Exercise | Common Stock | 10,000 | $168.70 | $1.69M |
| Sale | Common Stock | 1,778 | $381.2361 | $678K |
| Sale | Common Stock | 3,721 | $381.9318 | $1.42M |
| Sale | Common Stock | 984 | $382.7835 | $377K |
| Sale | Common Stock | 560 | $384.1429 | $215K |
| 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 | 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 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 26,000 shares (Direct);
Common Stock — 124,226.056 shares (Direct);
Restricted Stock Units — 1,533 shares (Direct);
Performance Units — 3,065 shares (Direct)
Footnotes (1)
- The option was exercised, and a portion of the underlying shares were sold to cover the exercise price and estimated tax liability, pursuant to a Rule 10b5-1 Plan, which was adopted on November 3, 2025. This transaction was executed in multiple trades at prices ranging from $380.48 to $381.47. 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 $381.48 to $382.46. 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 $382.50 to $383.21. 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 $383.68 to $384.29. 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 pursuant to a Rule 10b5-1 Plan, which was adopted on November 3, 2025. 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 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. 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.
FAQ
What insider transactions did Snap-on (SNA) CFO Aldo John Pagliari report on this Form 4?
He reported exercising 10,000 stock options and acquiring 10,000 Snap-on common shares at $168.70 each, then selling 7,043 shares in four open-market trades around $381–$384 per share under a pre-arranged Rule 10b5-1 trading plan.
Was the Snap-on (SNA) CFO’s stock sale part of a Rule 10b5-1 trading plan?
Yes. Footnotes state the option exercise and related share sales were conducted under a Rule 10b5-1 plan adopted on November 3, 2025. Proceeds from a portion of the sold shares helped cover the option exercise price and estimated tax liability.
What equity awards besides common stock holdings does the Snap-on (SNA) CFO report?
He reports several “Stock Option (Right to Buy)” positions, restricted stock units, and performance units. Footnotes explain that certain options are fully vested, RSUs vest three years from grant, and performance units can pay out up to 200% of target based on 2024–2028 performance goals.
What does the “M” and “S” transaction code mean in the Snap-on (SNA) Form 4?
The “M” code indicates an exercise or conversion of a derivative security, here stock options converting into common shares. The “S” code denotes open-market or private sales of common stock, which in this filing reflect the CFO’s four sale transactions totaling 7,043 shares.