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|4Feb 10, 5:57 PM ET

Boyd Iain 4

4 · Snap-on Inc · Filed Feb 10, 2026

Research Summary

AI-generated summary of this filing

Updated

Snap-on (SNA) VP Iain Boyd Exercises Derivatives; 222 Shares Withheld

What Happened

  • Iain Boyd, Vice President — Operations Development at Snap-on Inc. (SNA), exercised/converted 739 derivative units into 739 shares on February 9, 2026.
  • To satisfy tax withholding, 222 of those shares were surrendered/withheld at $368.12 per share, generating $81,723. The filing also lists a 739-share derivative disposition entry tied to the conversion.

Key Details

  • Transaction date: 2026-02-09; Filing date (accession): 2026-02-10 (appears timely).
  • Exercise/Conversion: 739 derivative units → 739 shares (reported as code M).
  • Tax withholding/disposition: 222 shares withheld/disposed at $368.12 each for $81,723 (reported as code F).
  • Shares owned after the transaction: not specified in the supplied filing details.
  • Notable footnote: filing indicates shares were withheld to cover tax liability (tax-withholding treatment is typical for vesting/conversion events).

Context

  • This was an exercise/conversion of derivative awards with a portion of the resulting shares used to cover taxes — a routine administrative step rather than an open-market sale. Such withholding reduces the net shares issued to the insider but does not necessarily indicate directional sentiment about the stock.

Insider Transaction Report

Form 4
Period: 2026-02-09
Snap-on IncSNA
Boyd Iain
VP - Operations Development
Transactions
  • Exercise/Conversion

    Common Stock

    [F1][F2]
    2026-02-09+739→ 13,041.73 total
  • Tax Payment

    Common Stock

    [F3]
    2026-02-09$368.12/sh−222$81,723→ 12,819.73 total
  • Exercise/Conversion

    Restricted Stock Units

    [F5][F1][F6]
    2026-02-09−739→ 0 total
    From: 2026-02-09Exp: 2026-02-09→ Common Stock (739 underlying)
Holdings

  • Common Stock

    [F4]
    (indirect: By 401(k))
    706.602

  • Stock Option (Right to Buy)

    [F7]
    Exercise: $211.67Exp: 2032-02-10→ Common Stock (1,558 underlying)
    1,558

  • Stock Option (Right to Buy)

    [F7]
    Exercise: $249.26Exp: 2033-02-09→ Common Stock (2,158 underlying)
    2,158

  • Stock Option (Right to Buy)

    [F8]
    Exercise: $269.00From: 2025-02-15Exp: 2034-02-15→ Common Stock (2,978 underlying)
    2,978

  • Stock Option (Right to Buy)

    [F8]
    Exercise: $339.73From: 2026-02-13Exp: 2035-02-13→ Common Stock (2,280 underlying)
    2,280

  • Restricted Stock Units

    [F5][F6]
    From: 2027-02-15Exp: 2027-02-15→ Common Stock (642 underlying)
    642

  • Restricted Stock Units

    [F5][F6]
    From: 2028-02-13Exp: 2028-02-13→ Common Stock (533 underlying)
    533

  • Performance Units

    [F5][F9]
    → Common Stock (1,479 underlying)
    1,479

  • Performance Units

    [F5][F10]
    → Common Stock (1,285 underlying)
    1,285

  • Performance Units

    [F5][F11]
    → Common Stock (1,066 underlying)
    1,066

  • Deferred Stock Units

    [F5][F12][F4]
    → Common Stock (402.598 underlying)
    402.598
Footnotes (12)
  • [F1]The restricted stock units reported above vested on the date indicated based on continued employment of the reporting person throughout the three-year restricted period.
  • [F10]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.
  • [F11]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.
  • [F12]Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
  • [F2]Includes 89.2570 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 7.8745 shares acquired under a dividend reinvestment plan.
  • [F3]Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
  • [F4]This information is based on a plan statement dated December 31, 2025.
  • [F5]1 for 1.
  • [F6]The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
  • [F7]Option fully vested.
  • [F8]Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
  • [F9]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.
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Iain Boyd|2026-02-10

Documents

2 files
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT

  • EX-24
    doc1.txt

    POWER OF ATTORNEY (PUBLIC):