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Snap-on Inc·4

Feb 10, 6:22 PM ET

PINCHUK NICHOLAS T 4

4 · Snap-on Inc · Filed Feb 10, 2026

Research Summary

AI-generated summary of this filing

Updated

Snap-on (SNA) CEO Nicholas T. Pinchuk Exercises Options; Shares Withheld

What Happened

  • Nicholas T. Pinchuk, Chairman, President and CEO of Snap-on Inc., executed derivative transactions on February 9, 2026. He exercised/converted 5,549 derivative awards (code M). As part of the transaction, 2,333 shares were withheld/disposed to cover tax or exercise-related obligations at $368.12 per share, totaling $858,824 (code F).

Key Details

  • Transaction date: February 9, 2026; Form 4 filed February 10, 2026 (appears timely).
  • Derivative exercised/converted: 5,549 shares (code M — exercise/conversion of derivative).
  • Shares withheld/disposed to cover taxes/exercise price: 2,333 shares at $368.12 each = $858,824 (code F).
  • Shares owned after transaction: not specified in the provided filing details.
  • Relevant footnote(s): F3 — shares were withheld to cover tax withholding upon the vesting/settlement of restricted stock units; F1/F6 describe typical vesting conditions for RSUs.
  • Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability.

Context

  • This appears to be a cashless-type settlement where derivative instruments were converted to stock and a portion of shares was surrendered/withheld to cover taxes or exercise costs. Such withholding is a common administrative step and does not necessarily signal a change in the insider’s long-term view.

Insider Transaction Report

Form 4
Period: 2026-02-09
Snap-on IncSNA
PINCHUK NICHOLAS T
DirectorChairman, President and CEO
Transactions
  • Exercise/Conversion

    Common Stock

    [F1][F2]
    2026-02-09+5,549→ 831,914.436 total
  • Tax Payment

    Common Stock

    [F3]
    2026-02-09$368.12/sh−2,333$858,824→ 829,581.436 total
  • Exercise/Conversion

    Restricted Stock Units

    [F5][F1][F6]
    2026-02-09−5,549→ 0 total
    From: 2026-02-09Exp: 2026-02-09→ Common Stock (5,549 underlying)
Holdings

  • Common Stock

    [F4]
    (indirect: By 401(k))
    867.704

  • Stock Option (Right to Buy)

    [F7]
    Exercise: $168.70Exp: 2027-02-09→ Common Stock (135,000 underlying)
    135,000

  • Stock Option (Right to Buy)

    [F7]
    Exercise: $161.18Exp: 2028-02-15→ Common Stock (92,288 underlying)
    92,288

  • Stock Option (Right to Buy)

    [F7]
    Exercise: $155.92Exp: 2029-02-14→ Common Stock (83,059 underlying)
    83,059

  • Stock Option (Right to Buy)

    [F7]
    Exercise: $155.34Exp: 2030-02-13→ Common Stock (83,059 underlying)
    83,059

  • Stock Option (Right to Buy)

    [F7]
    Exercise: $189.89Exp: 2031-02-11→ Common Stock (40,687 underlying)
    40,687

  • Stock Option (Right to Buy)

    [F7]
    Exercise: $211.67Exp: 2032-02-10→ Common Stock (32,286 underlying)
    32,286

  • Stock Option (Right to Buy)

    [F7]
    Exercise: $249.26Exp: 2033-02-09→ Common Stock (24,295 underlying)
    24,295

  • Stock Option (Right to Buy)

    [F8]
    Exercise: $269.00From: 2025-02-15Exp: 2034-02-15→ Common Stock (23,710 underlying)
    23,710

  • Stock Option (Right to Buy)

    [F8]
    Exercise: $339.73From: 2026-02-13Exp: 2035-02-13→ Common Stock (18,925 underlying)
    18,925

  • Restricted Stock Units

    [F5][F6]
    From: 2027-02-15Exp: 2027-02-15→ Common Stock (5,114 underlying)
    5,114

  • Restricted Stock Units

    [F5][F6]
    From: 2028-02-13Exp: 2028-02-13→ Common Stock (4,425 underlying)
    4,425

  • Performance Units

    [F5][F9]
    → Common Stock (16,645 underlying)
    16,645

  • Performance Units

    [F5][F10]
    → Common Stock (15,340 underlying)
    15,340

  • Performance Units

    [F5][F11]
    → Common Stock (13,275 underlying)
    13,275

  • Deferred Stock Units

    [F5][F12][F4]
    → Common Stock (26,242.585 underlying)
    26,242.585
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 1.6342 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 Nicholas T. Pinchuk|2026-02-10

Documents

2 files
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT

  • EX-24
    doc1.txt

    POWER OF ATTORNEY (PUBLIC): PINCHUK POA NOVEMBER 2018