Chambers Timothy L 4
4 · Snap-on Inc · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
Snap-on (SNA) Sr. VP Timothy Chambers Exercises Options, Sells 8,000 Shares
What Happened
- Timothy L. Chambers, Senior Vice President & President – Tools at Snap-on Inc., exercised 8,000 stock options on Feb 4, 2026 at an exercise price of $138.03 (cost = $1,104,240) and sold 8,000 underlying shares the same day in two open-market transactions for total proceeds of $3,081,009. The sales generated approximately $3.08 million in gross proceeds, while the option exercise required about $1.10 million in cash to acquire the shares.
- These actions are sales (routine monetization after option exercise) rather than purchases.
Key Details
- Transaction date: 2026-02-04; Form 4 filed 2026-02-06 (timely filing).
- Exercise: 8,000 shares exercised @ $138.03; reported cost $1,104,240.
- Sales: 5,005 shares sold at a weighted avg $384.83 (reported proceeds $1,926,051; trades ranged $384.28–$385.27), and 2,995 shares sold at a weighted avg $385.63 (reported proceeds $1,154,958; trades ranged $385.28–$386.08). Combined sale proceeds = $3,081,009.
- Notation: The option exercise and the subsequent sale were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted March 5, 2025 (footnotes F1, F6). Option was fully vested (F5).
- Shares owned after the transactions: not specified in the provided filing excerpt.
Context
- This was effectively a cashless exercise + sale: options were exercised and the resulting shares were sold under a 10b5-1 plan (pre-set instructions), a common method executives use to diversify or realize gains without active timing decisions.
- These transactions are routine insider sales tied to option exercise and a 10b5-1 program and do not by themselves indicate the insider’s outlook on the company.
Insider Transaction Report
Form 4
Snap-on IncSNA
Chambers Timothy L
Sr VP & Pres - Tools
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-04$138.03/sh+8,000$1,104,240→ 27,480.418 total - Sale
Common Stock
[F1][F3]2026-02-04$384.83/sh−5,005$1,926,051→ 22,475.418 total - Sale
Common Stock
[F1][F4]2026-02-04$385.63/sh−2,995$1,154,958→ 19,480.418 total - Exercise/Conversion
Stock Option (Right to Buy)
[F1][F6][F5]2026-02-04−8,000→ 0 totalExercise: $138.03Exp: 2026-02-11→ Common Stock (8,000 underlying)
Holdings
- 9,500
Stock Option (Right to Buy)
[F5]Exercise: $168.70Exp: 2027-02-09→ Common Stock (9,500 underlying) - 7,594
Stock Option (Right to Buy)
[F5]Exercise: $161.18Exp: 2028-02-15→ Common Stock (7,594 underlying) - 12,000
Stock Option (Right to Buy)
[F5]Exercise: $155.92Exp: 2029-02-14→ Common Stock (12,000 underlying) - 13,500
Stock Option (Right to Buy)
[F5]Exercise: $155.34Exp: 2030-02-13→ Common Stock (13,500 underlying) - 9,672
Stock Option (Right to Buy)
[F5]Exercise: $189.89Exp: 2031-02-11→ Common Stock (9,672 underlying) - 8,003
Stock Option (Right to Buy)
[F5]Exercise: $211.67Exp: 2032-02-10→ Common Stock (8,003 underlying) - 5,830
Stock Option (Right to Buy)
[F7]Exercise: $249.26From: 2024-02-09Exp: 2033-02-09→ Common Stock (5,830 underlying) - 5,463
Stock Option (Right to Buy)
[F7]Exercise: $269.00From: 2025-02-15Exp: 2034-02-15→ Common Stock (5,463 underlying) - 4,273
Stock Option (Right to Buy)
[F7]Exercise: $339.73From: 2026-02-13Exp: 2035-02-13→ Common Stock (4,273 underlying) - 1,332
Restricted Stock Units
[F8][F9]From: 2026-02-09Exp: 2026-02-09→ Common Stock (1,332 underlying) - 1,178
Restricted Stock Units
[F8][F9]From: 2027-02-15Exp: 2027-02-15→ Common Stock (1,178 underlying) - 999
Restricted Stock Units
[F8][F9]From: 2028-02-13Exp: 2028-02-13→ Common Stock (999 underlying) - 2,663
Performance Units
[F8][F10]→ Common Stock (2,663 underlying) - 2,357
Performance Units
[F8][F11]→ Common Stock (2,357 underlying) - 1,999
Performance Units
[F8][F12]→ Common Stock (1,999 underlying)
Footnotes (12)
- [F1]The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on March 5, 2025.
- [F10]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.
- [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.
- [F2]Includes 19.6365 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 13.2120 shares acquired under a dividend reinvestment plan.
- [F3]This transaction was executed in multiple trades at prices ranging from $384.28 to $385.27. 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]This transaction was executed in multiple trades at prices ranging from $385.28 to $386.08. 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.
- [F5]Option fully vested.
- [F6]Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on March 5, 2025.
- [F7]Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- [F8]1 for 1.
- [F9]The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Timothy L. Chambers|2026-02-04