Miller Richard Thomas 4
4 · Snap-on Inc · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Snap-on (SNA) VP Richard Miller Converts Awards; 137 Shares Withheld
What Happened
- Richard Thomas Miller, Vice President, General Counsel & Secretary of Snap-on Inc. (SNA), had restricted/derivative awards convert to common stock on 2026-02-09 (transaction code M). The filing shows conversion/vesting entries for 501 shares and 55 shares. To satisfy tax withholding on the vesting, 137 shares were surrendered (transaction code F) at an implied withholding value of $368.12 per share (total ≈ $50,432). Per the filing footnote, the reporting person elected to defer a portion of the vested restricted stock units.
Key Details
- Transaction date: February 9, 2026; Form 4 filed February 10, 2026 (appears timely).
- Reported conversions/vestings: entries for 501 shares and 55 shares (conversion of derivative awards; acquisition price listed as N/A because these were awards, not open-market purchases).
- Tax withholding: 137 shares withheld at $368.12/share for tax/payment (total reported ≈ $50,432).
- Relevant footnotes: F1 — restricted stock units vested and a portion was deferred; F3 — shares were withheld to cover tax withholding on vesting.
- Shares owned after transaction: not specified in the provided data.
- Transaction codes: M = exercise/conversion of derivative (vesting/conversion of awards); F = payment of exercise price or tax liability (share withholding).
Context
- These entries reflect awards converting/vesting rather than an open-market buy or sale. The 137-share "disposition" is to cover tax obligations (common on vesting) and is not an open-market sale signaling a trading decision. No cash purchase or market sale of the converted shares is reported in this filing.
Insider Transaction Report
Form 4
Snap-on IncSNA
Miller Richard Thomas
VP, Gen Counsel & Secretary
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-09+501→ 4,661.889 total - Tax Payment
Common Stock
[F3]2026-02-09$368.12/sh−137$50,432→ 4,524.889 total - Exercise/Conversion
Restricted Stock Units
[F4][F1][F5]2026-02-09−501→ 55 totalFrom: 2026-02-09Exp: 2026-02-09→ Common Stock (501 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F1][F5]2026-02-09−55→ 0 totalFrom: 2026-02-09Exp: 2026-02-09→ Common Stock (55 underlying) - Exercise/Conversion
Deferred Stock Units
[F4][F1][F6][F7]2026-02-09+55→ 1,025.373 total→ Common Stock (55 underlying)
Holdings
- 4,500
Stock Option (Right to Buy)
[F8]Exercise: $155.92Exp: 2029-02-14→ Common Stock (4,500 underlying) - 4,700
Stock Option (Right to Buy)
[F8]Exercise: $155.34Exp: 2030-02-13→ Common Stock (4,700 underlying) - 2,815
Stock Option (Right to Buy)
[F8]Exercise: $189.89Exp: 2031-02-11→ Common Stock (2,815 underlying) - 2,941
Stock Option (Right to Buy)
[F8]Exercise: $211.67Exp: 2032-02-10→ Common Stock (2,941 underlying) - 2,433
Stock Option (Right to Buy)
[F8]Exercise: $249.26Exp: 2033-02-09→ Common Stock (2,433 underlying) - 2,670
Stock Option (Right to Buy)
[F9]Exercise: $269.00From: 2025-02-15Exp: 2034-02-15→ Common Stock (2,670 underlying) - 2,076
Stock Option (Right to Buy)
[F9]Exercise: $339.73From: 2026-02-13Exp: 2035-02-13→ Common Stock (2,076 underlying) - 576
Restricted Stock Units
[F4][F5]From: 2027-02-15Exp: 2027-02-15→ Common Stock (576 underlying) - 485
Restricted Stock Units
[F4][F5]From: 2028-02-13Exp: 2028-02-13→ Common Stock (485 underlying) - 1,111
Performance Units
[F4][F10]→ Common Stock (1,111 underlying) - 1,152
Performance Units
[F4][F11]→ Common Stock (1,152 underlying) - 971
Performance Units
[F4][F12]→ Common Stock (971 underlying)
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. The reporting person elected to defer a portion of the restricted stock units on vesting.
- [F10]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.
- [F11]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.
- [F12]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 2.4973 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]Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
- [F7]This information is based on a plan statement dated December 31, 2025, as updated by the transaction being reported on this Form 4.
- [F8]Option fully vested.
- [F9]Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Richard Thomas Miller|2026-02-10