Boyd Iain 4

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.