Form 4: Miller Richard Thomas reports multiple insider transactions in SNA
Filing Impact
Filing Sentiment
Form Type
4
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
Mixed
20 txns
Insider
Miller Richard Thomas
Role
VP, Gen Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Performance Units | 337 | $0.00 | -- |
| Exercise | Performance Units | 631 | $0.00 | -- |
| Exercise | Performance Units | 143 | $0.00 | -- |
| Exercise | Deferred Stock Units | 143 | $0.00 | -- |
| Grant/Award | Stock Option (Right to Buy) | 2,110 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 508 | $0.00 | -- |
| Grant/Award | Performance Units | 1,016 | $0.00 | -- |
| Exercise | Common Stock | 631 | $0.00 | -- |
| Tax Withholding | 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:
Performance Units — 774 shares (Direct);
Deferred Stock Units — 1,168.373 shares (Direct);
Stock Option (Right to Buy) — 2,110 shares (Direct);
Restricted Stock Units — 508 shares (Direct);
Common Stock — 5,155.889 shares (Direct)
Footnotes (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). The reporting person elected to defer the receipt of a portion of the underlying shares. Shares were withheld to cover tax withholding upon the vesting of performance units. 1 for 1. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment. 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. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option. 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 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. Option fully vested. 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.
FAQ
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.