SNA Form 4 reports multiple insider transactions
Miller Richard Thomas reported multiple insider transaction types in a Form 4 filing for SNA.
Rhea-AI Filing Summary
Miller Richard Thomas reported multiple insider transaction types in a Form 4 filing for SNA. The filing lists transactions totaling 5,723 shares at a weighted average price of $378.55 per share. Following the reported transactions, holdings were 774 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
917 shares exercised/converted
Exercise
20 txns
Insider
Miller Richard Thomas
Role
VP, Gen Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Units | 337 | $0.00 | $0.00 |
| Exercise | Performance Units | 631 | $0.00 | $0.00 |
| Exercise | Performance Units | 143 | $0.00 | $0.00 |
| Exercise | Deferred Stock Units | 143 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 2,110 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 508 | $0.00 | $0.00 |
| Grant/Award | Performance Units | 1,016 | $0.00 | $0.00 |
| Exercise | Common Stock | 631 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 204 | $378.55 | $77K |
| 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 | Performance Units | -- | -- | -- |
| holding | Performance Units | -- | -- | -- |
Holdings After Transaction:
Deferred Stock Units — 1,168.3728 contracts (Direct);
Stock Option (Right to Buy) — 24,245 contracts for 22,135 underlying shares (Direct);
Restricted Stock Units — 1,569 contracts for 1,061 underlying shares (Direct);
Performance Units — 3,139 contracts for 2,123 underlying shares (Direct);
Common Stock — 4,951.8886 shares (Direct)
Footnotes (12)
- 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). The reporting person elected to defer the receipt of a portion of the underlying shares.
- F2. Shares were withheld to cover tax withholding upon the vesting of performance units.
- F3. 1 for 1.
- F4. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
- F5. This information is based on a plan statement dated December 31, 2025, as updated by the transaction being reported on this Form 4 and the transaction reported on the Form 4 dated February 9, 2026.
- F6. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F7. The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
- 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 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.
- F10. Option fully vested.
- F11. 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.
- F12. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Snap-on (SNA) report for Richard Thomas Miller?
The filing shows Richard Thomas Miller reported vesting and conversion of performance units into 631 Snap-on common shares, tax-related share withholding, and new grants of stock options, restricted stock units, and performance units as part of his equity compensation package.
Did the Snap-on (SNA) insider Form 4 disclose any open-market stock sales?
The Form 4 does not show open-market sales. Instead, 204 shares of common stock were withheld at $378.55 per share solely to cover tax obligations triggered by the vesting of performance units, a standard non-market transaction for equity awards.
What new equity awards did Snap-on (SNA) grant to Richard Thomas Miller?
Miller received a stock option grant covering 2,110 shares at a $378.55 exercise price, plus 508 restricted stock units and 1,016 performance units. These awards are part of his long-term incentive compensation tied to continued employment and future company performance.
How were Snap-on (SNA) performance units determined to vest for Richard Thomas Miller?
Performance units tied to 2023–2025 vested at 69.7%, based on company performance over that period. The plan allowed up to 200% of the original target units, subject to plan limits, and Miller deferred receipt of a portion of the resulting underlying shares.
What are the key terms of the new Snap-on (SNA) performance units granted?
The new grant of 1,016 performance units can pay out in stock if Snap-on achieves specified goals over the 2026–2028 period. The units are reported at target level, with the maximum potential payout equal to 200% of the number reported, subject to plan limits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
