Lemerand June C 4

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.