Bauerschmidt Mary Ellen 4

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.