Chambers Timothy L 4

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.