Arregui Jesus 4

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.