Snap-on CFO Executes Options, Sells ~4,876 Shares; 10b5-1 Plan Disclosed

Rhea-AI Filing Summary

Snap-on Inc. (SNA) Form 4 summary: Aldo J. Pagliari, Senior VP—Finance & CFO, reported option exercises and share sales under a Rule 10b5-1 plan adopted October 22, 2024. On 08/14/2025 he exercised 6,821 stock options with an exercise price of $138.03 and concurrently sold multiple blocks of common stock totaling 4,751 shares at weighted average prices between $325.52 and $331.54, reducing his direct common stock holdings from 116,398.4674 to 111,667.4674 shares. On 08/15/2025 he exercised 179 options at $138.03 and sold 125 shares at $325.21, leaving 111,721.4674 shares. The filing discloses dividend reinvestment of 17.6899 shares and lists outstanding vested and unvested options, restricted stock units, and performance units with their exercisable dates and amounts.

Positive

• Use of a Rule 10b5-1 plan indicates transactions were pre-planned and compliant with insider trading rules
• Substantial remaining equity incentives (options, RSUs, performance units) align the CFO with long-term shareholder interests
• Disclosure of dividend reinvestment (17.6899 shares) and weighted-average sale prices shows transparency

Negative

• Net reduction in direct holdings from 116,398.4674 to 111,721.4674 shares due to exercised-and-sold shares
• Significant share sales at market prices could be interpreted as partial monetization of executive equity

Insights

Securities Analyst

TL;DR: Insider exercised options and sold shares under a pre-established 10b5-1 plan, modestly reducing direct holdings while retaining significant option awards.

The reported transactions show routine executive liquidity activity rather than a sudden change in ownership intent. The exercise of in-the-money options at $138.03 followed by share sales at ~ $325–331 suggests the reporting person monetized a portion of vested economic value. The filing identifies extensive remaining equity incentives, including options exercisable through 2035, restricted stock units and performance units with multi-year vesting and upside to 200% at target for performance awards, indicating continuing alignment with long-term compensation structure.

Corporate Governance Expert

TL;DR: Transactions executed pursuant to a documented 10b5-1 plan and use of sale-to-cover for taxes reflect standard governance and compliance practices.

The disclosure clearly states the Rule 10b5-1 plan adoption date and that option exercises and partial share sales covered exercise cost and tax liabilities. Multiple weighted-average sale prices and an undertaking to provide trade-level details on request demonstrate regulatory compliance. Outstanding long-dated option grants and performance-based awards suggest retention incentives remain in place.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pagliari Aldo John

(Last) (First) (Middle)

SNAP-ON INCORPORATED

2801 80TH STREET

(Street)

KENOSHA WI 53143

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Snap-on Inc [ SNA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr VP - Finance & CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/14/2025		M(1)		6,821	A	$138.03	116,398.4674(2)	D
Common Stock	08/14/2025		S(1)		1,931	D	$325.9853(3)	114,467.4674	D
Common Stock	08/14/2025		S(1)		500	D	$326.753(4)	113,967.4674	D
Common Stock	08/14/2025		S(1)		1,216	D	$328.0657(5)	112,751.4674	D
Common Stock	08/14/2025		S(1)		784	D	$329.0149(6)	111,967.4674	D
Common Stock	08/14/2025		S(1)		100	D	$329.83	111,867.4674	D
Common Stock	08/14/2025		S(1)		100	D	$329.84	111,767.4674	D
Common Stock	08/14/2025		S(1)		100	D	$331.54	111,667.4674	D
Common Stock	08/15/2025		M(1)		179	A	$138.03	111,846.4674	D
Common Stock	08/15/2025		S(1)		125	D	$325.21	111,721.4674	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$138.03	08/14/2025		M(1)			6,821	(7)	02/11/2026	Common Stock	6,821	(8)	10,179	D
Stock Option (Right to Buy)	$138.03	08/15/2025		M(1)			179	(7)	02/11/2026	Common Stock	179	(8)	10,000	D
Stock Option (Right to Buy)	$168.7							(7)	02/09/2027	Common Stock	36,000		36,000	D
Stock Option (Right to Buy)	$161.18							(7)	02/15/2028	Common Stock	26,052		26,052	D
Stock Option (Right to Buy)	$155.92							(7)	02/14/2029	Common Stock	23,500		23,500	D
Stock Option (Right to Buy)	$155.34							(7)	02/13/2030	Common Stock	23,500		23,500	D
Stock Option (Right to Buy)	$189.89							(7)	02/11/2031	Common Stock	14,986		14,986	D
Stock Option (Right to Buy)	$211.67							(7)	02/10/2032	Common Stock	11,252		11,252	D
Stock Option (Right to Buy)	$249.26							02/09/2024(9)	02/09/2033	Common Stock	7,850		7,850	D
Stock Option (Right to Buy)	$269							02/15/2025(9)	02/15/2034	Common Stock	7,106		7,106	D
Stock Option (Right to Buy)	$339.73							02/13/2026(9)	02/13/2035	Common Stock	5,342		5,342	D
Restricted Stock Units	(10)							02/09/2026(11)	02/09/2026(11)	Common Stock	1,793		1,793	D
Restricted Stock Units	(10)							02/15/2027(11)	02/15/2027(11)	Common Stock	1,533		1,533	D
Restricted Stock Units	(10)							02/13/2028(11)	02/13/2028(11)	Common Stock	1,249		1,249	D
Performance Units	(10)							(12)	(12)	Common Stock	3,586		3,586	D
Performance Units	(10)							(13)	(13)	Common Stock	3,065		3,065	D
Performance Units	(10)							(14)	(14)	Common Stock	2,498		2,498	D

Explanation of Responses:

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 October 22, 2024.

2. Includes 17.6899 shares acquired under a dividend reinvestment plan.

3. This transaction was executed in multiple trades at prices ranging from $325.52 to $326.515. 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.

4. This transaction was executed in multiple trades at prices ranging from $326.59 to $327.04. 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.

5. This transaction was executed in multiple trades at prices ranging from $327.67 to $328.57. 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.

6. This transaction was executed in multiple trades at prices ranging from $328.67 to $329.22. 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.

7. Option fully vested.

8. Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on October 22, 2024.

9. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

10. 1 for 1.

11. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.

12. If the Company achieves certain goals over the 2023-2025 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.

13. 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.

14. 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.

	/s/ Ryan S. Lovitz under Power of Attorney for Aldo J. Pagliari	08/15/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What did Aldo J. Pagliari do in the SNA Form 4 filing?

The filing shows he exercised 6,821 options on 08/14/2025 and 179 options on 08/15/2025, and sold multiple blocks of common stock on those dates under a Rule 10b5-1 plan.

How many SNA shares does the reporting person own after these transactions?

Following the reported transactions, the filing shows 111,721.4674 shares of common stock beneficially owned.

Were the transactions covered by a Rule 10b5-1 plan?

Yes. The Form 4 states the trades were executed pursuant to a Rule 10b5-1 plan adopted on October 22, 2024.

Did the Form 4 disclose outstanding equity awards for the CFO?

Yes. The filing lists multiple outstanding stock options (exercisable through 2035), restricted stock units, and performance units with target and potential maximums.

Was any dividend reinvestment noted in the filing?

Yes. The ownership total includes 17.6899 shares acquired under a dividend reinvestment plan.