Bauerschmidt Mary Ellen 4
4 · Snap-on Inc · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Snap-on (SNA) SVP Mary Ellen Bauerschmidt Receives Awards, Withholds Shares
What Happened
Mary Ellen Bauerschmidt, SVP – HR & Chief Development Officer at Snap-on (SNA), received awards and converted vested performance-based derivatives on Feb 12, 2026. The filing shows grant/award acquisitions of 2,491, 600 and 1,199 performance-based units (total 4,290) and conversion/exercise activity of 657 derivative units. As part of the settlement, 316 shares were withheld to cover tax withholding at $378.55 per share (total value withheld ≈ $119,622). Additionally, 286 shares were surrendered/disposed back to the issuer in the transaction filings.
Key Details
- Transaction date: 2026-02-12; Form filed 2026-02-17 (filing appears late relative to the transaction).
- Awards acquired: 2,491; 600; and 1,199 performance-based units (reported at $0.00 per unit — derivative awards). Total awarded units = 4,290.
- Exercise/conversion: 657 derivative units shown as converted/exercised.
- Tax withholding: 316 shares withheld at $378.55/share = $119,622 (listed as disposition to cover tax liability).
- Other disposition: 286 shares surrendered to issuer (derivative disposition).
- Footnotes of note: F1 — 69.7% of performance units vested for the 2023–2025 performance period; F2 — shares were withheld to cover tax withholding upon vesting; F11 — payment will be made per the reporting person’s deferral election/termination rules.
- Shares owned after transaction: not specified in the supplied filing details.
Context
This is primarily a vesting/settlement of performance awards with a net-share settlement for tax obligations (common practice). The filing records both acquisitions (awarded units converted into shares) and routine dispositions (shares withheld/surrendered to cover taxes or payment obligations). These transactions reflect compensation plan vesting and tax withholding rather than an open-market buy or sell intended to signal personal investment views.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-12+657→ 6,135.029 total - Tax Payment
Common Stock
[F2]2026-02-12$378.55/sh−316$119,622→ 5,819.029 total - Disposition to Issuer
Performance Units
[F3][F1]2026-02-12−286→ 657 total→ Common Stock (286 underlying) - Exercise/Conversion
Performance Units
[F3][F1]2026-02-12−657→ 0 total→ Common Stock (657 underlying) - Award
Stock Option (Right to Buy)
[F5][F4]2026-02-12+2,491→ 2,491 totalExercise: $378.55From: 2027-02-12Exp: 2036-02-12→ Common Stock (2,491 underlying) - Award
Restricted Stock Units
[F3][F6]2026-02-12+600→ 600 totalFrom: 2029-02-12Exp: 2029-02-12→ Common Stock (600 underlying) - Award
Performance Units
[F3][F7]2026-02-12+1,199→ 1,199 total→ Common Stock (1,199 underlying)
- 2,000
Stock Option (Right to Buy)
[F8]Exercise: $155.34Exp: 2030-02-13→ Common Stock (2,000 underlying) - 2,400
Stock Option (Right to Buy)
[F8]Exercise: $189.89Exp: 2031-02-11→ Common Stock (2,400 underlying) - 2,805
Stock Option (Right to Buy)
[F8]Exercise: $211.67Exp: 2032-02-10→ Common Stock (2,805 underlying) - 2,066
Stock Option (Right to Buy)
[F8]Exercise: $249.26Exp: 2033-02-09→ Common Stock (2,066 underlying) - 2,259
Stock Option (Right to Buy)
[F4]Exercise: $269.00From: 2025-02-15Exp: 2034-02-15→ Common Stock (2,259 underlying) - 1,984
Stock Option (Right to Buy)
[F4]Exercise: $339.73From: 2026-02-13Exp: 2035-02-13→ Common Stock (1,984 underlying) - 487
Restricted Stock Units
[F3][F6]From: 2027-02-15Exp: 2027-02-15→ Common Stock (487 underlying) - 464
Restricted Stock Units
[F3][F6]From: 2028-02-13Exp: 2028-02-13→ Common Stock (464 underlying) - 975
Performance Units
[F3][F9]→ Common Stock (975 underlying) - 928
Performance Units
[F3][F10]→ Common Stock (928 underlying) - 2,141.535
Deferred Stock Units
[F3][F11]→ Common Stock (2,141.535 underlying)
Footnotes (11)
- [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.
- [F11]Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
- [F2]Shares were withheld to cover tax withholding upon the vesting of performance units.
- [F3]1 for 1.
- [F4]Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- [F5]The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
- [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]Option 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.