Snap-on (NYSE: SNA) VP exercises options, sells 389 shares under plan
Rhea-AI Filing Summary
Snap-on Inc senior vice president Timothy L. Chambers exercised 389 stock options at $168.7000 per share on July 17, 2026, receiving 389 common shares, then sold 389 shares at a weighted-average price of $419.4264 under a Rule 10b5-1 plan adopted February 27, 2026. He continues to hold multiple unexercised stock options, restricted stock units and performance units tied to additional Snap-on common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 389 shares ($98K approx. pre-tax spread)
Exercise and Sale
18 txns
Insider
Chambers Timothy L
Role
Sr VP & Pres - Tools
Sold
389 shs ($163K)
Approx. gross sale proceeds
$163K
Approx. exercise cost
$66K
Approx. pre-tax spread
$98K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F1, F5, F4 | 389 | -- | -- |
| Exercise | Common Stock F1, F2 | 389 | $168.70 | $66K |
| Sale | Common Stock F1, F3 | 389 | $419.4264 | $163K |
| holding | Stock Option (Right to Buy) F4 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F4 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F4 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F4 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F4 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F4 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F6 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F6 | -- | -- | -- |
| holding | Stock Option (Right to Buy) F6 | -- | -- | -- |
| holding | Restricted Stock Units F7, F8 | -- | -- | -- |
| holding | Restricted Stock Units F7, F8 | -- | -- | -- |
| holding | Restricted Stock Units F7, F8 | -- | -- | -- |
| holding | Performance Units F7, F9 | -- | -- | -- |
| holding | Performance Units F7, F10 | -- | -- | -- |
| holding | Performance Units F7, F11 | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 79,549 shares (Direct);
Common Stock — 21,223.0001 shares (Direct);
Restricted Stock Units — 3,165 shares (Direct);
Performance Units — 6,331 shares (Direct)
Footnotes (11)
- F1. The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on February 27, 2026.
- F2. Includes 16.8567 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 6.7254 shares acquired under a dividend reinvestment plan.
- F3. This transaction was executed in multiple trades at prices ranging from $419.00 to $419.57. 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.
- F4. Option fully vested.
- F5. Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 27, 2026.
- F6. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- F7. 1 for 1.
- 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 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. 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.
Key Figures
Options exercised: 389 shares
Exercise price: $168.7000 per share
Shares sold: 389 shares
+4 more
7 metrics
Options exercised
389 shares
Stock options exercised into common stock on 2026-07-17
Exercise price
$168.7000 per share
Strike price of exercised stock options
Shares sold
389 shares
Common shares sold on 2026-07-17 following option exercise
Weighted average sale price
$419.4264 per share
Sale executed in multiple trades between $419.00 and $419.57
Unexercised options expiring 2029-02-14
12000.0000 underlying shares at $155.9200
Directly held stock option position reported as of 2026-07-17
RSUs vesting 2027-02-15
1178.0000 units
Restricted stock units convertible 1-for-1 into common stock
Performance units 2024–2026 target
2357.0000 units
Target units; maximum earnable is 200% of target, subject to plan limits
Key Terms
Rule 10b5-1 Plan, Rule 16b-3, weighted average sale price, restricted stock units, +1 more
5 terms
Rule 10b5-1 Plan financial
"The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Rule 16b-3 financial
"Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
weighted average sale price financial
"The price reported above reflects the weighted average sale price"
restricted stock units financial
"The restricted stock units vest three years from the grant date"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance units financial
"If the Company achieves certain goals over the 2024-2026 period, the performance units will vest"
Performance units are company awards that become valuable only if specified business targets are met; they typically convert into shares or cash when performance goals are achieved. Think of them like a conditional bonus that turns into stock only if the company hits agreed milestones, so they align managers’ incentives with shareholders’ interests and can affect future share count, executive pay expense, and investor returns.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Snap-on (SNA) executive Timothy L. Chambers report in this Form 4?
Timothy L. Chambers, a Snap-on senior vice president, exercised 389 stock options at $168.7000 and received 389 common shares, then sold 389 shares at $419.4264 on July 17, 2026, all pursuant to a Rule 10b5-1 Plan.
Was the Snap-on (SNA) Form 4 transaction made under a Rule 10b5-1 plan?
Yes. The filing’s checkbox and footnotes state the option exercise and share sale occurred under a Rule 10b5-1 Plan that Chambers adopted on February 27, 2026, covering both the derivative exercise and the related stock sale.
What derivative awards does Chambers still hold at Snap-on (SNA)?
Chambers continues to hold several stock options, including grants over 12,000 and 13,500 underlying shares at exercise prices from $155.3400 to $211.6700, plus restricted stock units and performance units representing additional Snap-on common shares.
How many performance units tied to Snap-on (SNA) stock does Chambers hold and on what terms?
He holds performance units over 2,357, 1,999 and 1,975 target underlying shares. These may vest if company goals are achieved over the 2024–2026, 2025–2027 and 2026–2028 periods, with a maximum payout of 200% of target units, subject to plan limits.