PINCHUK NICHOLAS T 4

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.