Sherrill Gregg M 4
Research Summary
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Snap-on (SNA) Director Sherrill Gregg Receives Award
What Happened Sherrill Gregg, a director of Snap-on Inc. (SNA), was awarded 520 restricted shares on February 12, 2026. The filing reports the acquisition as an award/grant (code A); no per-share price or total dollar value is provided. This is an equity award (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-02-12; SEC filing date: 2026-02-12 (filed timely).
- Shares acquired: 520 restricted shares; price shown as N/A in the filing.
- Shares owned after transaction: Not specified in the provided filing data.
- Notable footnotes from the filing:
- F1: Grant of restricted stock from the company.
- F2: The reported amount includes 17.5303 shares acquired under a dividend reinvestment plan.
- F3: 1-for-1 (conversion ratio referenced in the filing).
- F4: Restrictions on the awarded shares lapse and the reporting person will receive the underlying shares upon the earliest of retirement from the Board, death, or a change in control.
- Transaction type: Award/grant of restricted stock (code A).
Context Restricted stock awards are compensation and retention tools for directors; they are not immediate open-market purchases and remain subject to transfer and sale restrictions until they vest or restrictions lapse. Because the filing shows an award (not a sale), it represents allocation of equity rather than a signal of selling pressure.