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Snap-on Inc·4

Feb 10, 6:01 PM ET

Lemerand June C 4

4 · Snap-on Inc · Filed Feb 10, 2026

Research Summary

AI-generated summary of this filing

Updated

Snap-on (SNA) VP June Lemerand Exercises Options; 167 Shares Withheld

What Happened

  • June C. Lemerand, Vice President & Chief Information Officer of Snap-on Inc. (SNA), exercised/converted derivative awards that resulted in 556 underlying shares on February 9, 2026. The filing also shows 167 shares were withheld/disposed to cover tax withholding at $368.12 per share for a total of $61,476. The exercise/conversion is reported as a derivative transaction (code M); one derivative disposition line for 556 shares is listed with no per‑share price reported.

Key Details

  • Transaction date: 2026-02-09; Form 4 filed: 2026-02-10 (timely).
  • Exercise/Conversion (code M): 556 shares acquired (no price reported on the primary line).
  • Tax withholding (code F): 167 shares withheld/disposed at $368.12 each, proceeds $61,476.
  • A separate derivative disposition line for 556 shares is also reported with N/A price (the filing does not list a cash sale price for that line).
  • Shares owned after the transaction are not specified in the data provided.
  • Footnotes: filing notes shares were withheld to cover tax withholding (footnote F3). Other footnotes in the filing relate to RSU vesting and performance unit terms but are not specifically tied to the lines above.

Context

  • This appears to be an exercise/conversion of a derivative award. The presence of withheld shares for taxes and a derivative disposition line suggests a cashless/net settlement or withholding to cover tax obligations, though the filing does not show a reported sale price for the 556-share disposition line. Such transactions are common for option/RSU settlements and do not necessarily indicate a view on company prospects.

Insider Transaction Report

Form 4
Period: 2026-02-09
Snap-on IncSNA
Lemerand June C
VP & Chief Information Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F1][F2]
    2026-02-09+556→ 3,951.794 total
  • Tax Payment

    Common Stock

    [F3]
    2026-02-09$368.12/sh−167$61,476→ 3,784.794 total
  • Exercise/Conversion

    Restricted Stock Units

    [F4][F1][F5]
    2026-02-09−556→ 0 total
    From: 2026-02-09Exp: 2026-02-09→ Common Stock (556 underlying)
Holdings

  • Stock Option (Right to Buy)

    [F6]
    Exercise: $168.70Exp: 2027-02-09→ Common Stock (1,200 underlying)
    1,200

  • Stock Option (Right to Buy)

    [F6]
    Exercise: $161.18Exp: 2028-02-15→ Common Stock (1,906 underlying)
    1,906

  • Stock Option (Right to Buy)

    [F6]
    Exercise: $155.34Exp: 2030-02-13→ Common Stock (2,000 underlying)
    2,000

  • Stock Option (Right to Buy)

    [F6]
    Exercise: $189.89Exp: 2031-02-11→ Common Stock (2,856 underlying)
    2,856

  • Stock Option (Right to Buy)

    [F6]
    Exercise: $211.67Exp: 2032-02-10→ Common Stock (2,941 underlying)
    2,941

  • Stock Option (Right to Buy)

    [F6]
    Exercise: $249.26Exp: 2033-02-09→ Common Stock (2,433 underlying)
    2,433

  • Stock Option (Right to Buy)

    [F7]
    Exercise: $269.00From: 2025-02-15Exp: 2034-02-15→ Common Stock (2,588 underlying)
    2,588

  • Stock Option (Right to Buy)

    [F7]
    Exercise: $339.73From: 2026-02-13Exp: 2035-02-13→ Common Stock (2,076 underlying)
    2,076

  • Restricted Stock Units

    [F4][F5]
    From: 2027-02-15Exp: 2027-02-15→ Common Stock (558 underlying)
    558

  • Restricted Stock Units

    [F4][F5]
    From: 2028-02-13Exp: 2028-02-13→ Common Stock (485 underlying)
    485

  • Performance Units

    [F4][F8]
    → Common Stock (1,111 underlying)
    1,111

  • Performance Units

    [F4][F9]
    → Common Stock (1,116 underlying)
    1,116

  • Performance Units

    [F4][F10]
    → Common Stock (971 underlying)
    971
Footnotes (10)
  • [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 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 9.3077 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 24.9496 shares acquired under a dividend reinvestment plan.
  • [F3]Shares were withheld to cover tax withholding upon the vesting of the restricted stock units.
  • [F4]1 for 1.
  • [F5]The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
  • [F6]Option fully vested.
  • [F7]Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
  • [F8]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.
  • [F9]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.
Signature
/s/ Ryan S. Lovitz under Power of Attorney for June C. Lemerand|2026-02-10

Documents

2 files
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT

  • EX-24
    doc1.txt

    POWER OF ATTORNEY (PUBLIC): 2019 POWER OF ATTORNEY