Arregui Jesus 4
4 · Snap-on Inc · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Snap-on (SNA) Sr VP Jesus Arregui Exercises Options, Receives Awards
What Happened
Jesus Arregui, Senior Vice President & President — Commercial at Snap-on Inc., exercised/converted derivative awards and received a set of equity awards on 2026-02-12. The filing shows: exercise/conversion entries for 1,856 shares, net dispositions including 831 shares withheld for tax ($378.55/share; $314,575 total), a disposition to the issuer of 807 shares, and three award grants totaling 7,066 units (4,103; 988; 1,975) reported as $0.00 (derivative awards/performance units).
Key Details
- Transaction date(s): 2026-02-12; Form filed 2026-02-17 (covers transactions for 2026-02-12).
- Notable numbers: exercised/converted 1,856 shares; 831 shares withheld for taxes at $378.55 each = $314,575; 807 shares disposed to issuer; awards granted: 4,103 + 988 + 1,975 = 7,066 units.
- Shares owned after transaction: Not reported in the filing.
- Footnotes: F1 notes that 69.7% of the 2023–2025 performance units vested (the reporting person could earn up to 200% subject to plan limits). F2 confirms shares were withheld to cover tax withholding upon vesting. Other footnotes indicate some entries relate to stock appreciation rights/vesting and future performance-based awards for different performance periods.
- Filing timeliness: Form shows filing date and transaction date; the filing date is 2026-02-17 for transactions on 2026-02-12.
Context
- These were not open-market purchases or sales for cash; the activity reflects exercising/converting derivative awards and the settlement/vesting of equity awards. The withholding of 831 shares was to cover tax liabilities on the vesting/exercise (a routine administrative step).
- Performance-based awards may still be subject to future vesting conditions for other performance cycles (footnotes indicate additional performance periods and potential up to 200% payout).
This summary is factual and based on the reported Form 4 entries; it does not infer the insider’s motivation.
Insider Transaction Report
Form 4
Snap-on IncSNA
Arregui Jesus
Sr VP & President - Commercial
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-12+1,856→ 5,236.344 total - Tax Payment
Common Stock
[F2]2026-02-12$378.55/sh−831$314,575→ 4,405.344 total - Disposition to Issuer
Performance Units
[F3][F1]2026-02-12−807→ 1,856 total→ Common Stock (807 underlying) - Exercise/Conversion
Performance Units
[F3][F1]2026-02-12−1,856→ 0 total→ Common Stock (1,856 underlying) - Award
Stock Appreciation Rights
[F5][F4]2026-02-12+4,103→ 4,103 totalExercise: $378.55From: 2027-02-12Exp: 2036-02-12→ Common Stock (4,103 underlying) - Award
Restricted Stock Units
[F3][F6]2026-02-12+988→ 988 totalFrom: 2029-02-12Exp: 2029-02-12→ Common Stock (988 underlying) - Award
Performance Units
[F3][F7]2026-02-12+1,975→ 1,975 total→ Common Stock (1,975 underlying)
Holdings
- 7,500
Stock Appreciation Rights
[F8]Exercise: $168.70Exp: 2027-02-09→ Common Stock (7,500 underlying) - 5,674
Stock Appreciation Rights
[F8]Exercise: $161.18Exp: 2028-02-15→ Common Stock (5,674 underlying) - 13,500
Stock Appreciation Rights
[F8]Exercise: $155.34Exp: 2030-02-13→ Common Stock (13,500 underlying) - 9,672
Stock Appreciation Rights
[F8]Exercise: $189.89Exp: 2031-02-11→ Common Stock (9,672 underlying) - 8,003
Stock Appreciation Rights
[F8]Exercise: $211.67Exp: 2032-02-10→ Common Stock (8,003 underlying) - 5,830
Stock Appreciation Rights
[F8]Exercise: $249.26Exp: 2033-02-09→ Common Stock (5,830 underlying) - 5,463
Stock Appreciation Rights
[F4]Exercise: $269.00From: 2025-02-15Exp: 2034-02-15→ Common Stock (5,463 underlying) - 4,273
Stock Appreciation Rights
[F4]Exercise: $339.73From: 2026-02-13Exp: 2035-02-13→ Common Stock (4,273 underlying) - 1,178
Restricted Stock Units
[F3][F6]From: 2027-02-15Exp: 2027-02-15→ Common Stock (1,178 underlying) - 999
Restricted Stock Units
[F3][F6]From: 2028-02-13Exp: 2028-02-13→ Common Stock (999 underlying) - 2,357
Performance Units
[F3][F9]→ Common Stock (2,357 underlying) - 1,999
Performance Units
[F3][F10]→ Common Stock (1,999 underlying)
Footnotes (10)
- [F1]Based on Company performance during the 2023-2025 period, 69.7% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits).
- [F10]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]Shares were withheld to cover tax withholding upon the vesting of performance units.
- [F3]1 for 1.
- [F4]Original stock appreciation rights grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- [F5]This transaction was a stock appreciation rights grant. Accordingly, the reporting person did not pay a price to obtain the stock appreciation rights grant.
- [F6]The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- [F7]If the Company achieves certain goals over the 2026-2028 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.
- [F8]Stock appreciation rights grant fully vested.
- [F9]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.
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Jesus Arregui|2026-02-13