Lemerand June C 4
4 · Snap-on Inc · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
Snap-on (SNA) VP/CIO June C Lemerand Exercises Options, Receives Awards
What Happened
- June C. Lemerand, Vice President & Chief Information Officer of Snap-on Inc. (SNA), executed option/derivative transactions and received equity awards on 2026-02-12. The filing shows an exercise/conversion involving 774 underlying shares and grants/awards of 2,110, 508 and 1,016 shares (total = 3,634 shares) issued as derivative awards at $0.00 per share. As part of the activity, 268 shares were withheld to cover tax withholding valued at $101,451. The filing includes dispositions to the issuer (337 shares) and related derivative disposals reported in connection with the exercise.
Key Details
- Transaction date: February 12, 2026. Form 4 filed: February 17, 2026 (filed 5 days after transaction; Form 4 is typically due within 2 business days).
- Reported items: exercise/conversion of derivative (code M) for 774 shares; tax withholding (code F) of 268 shares at $378.55/share = $101,451; disposition to issuer (code D) of 337 shares; awards/grants (code A) totaling 3,634 shares granted at $0.00 (derivative awards).
- Footnotes: F1 notes 69.7% of performance units vested for the 2023–2025 performance period; other footnotes indicate some awards are performance- or time-based and may vest subject to future performance periods and plan limits.
- Shares owned after the transactions: not specified in the filing.
- Filing timeliness: the Form 4 was filed five calendar days after the transactions and therefore appears to have been filed late relative to the usual two-business-day reporting requirement.
Context
- This was primarily an exercise/conversion of derivative awards combined with issuance/vesting of performance/time-based awards. The withholding of 268 shares (F) to cover tax obligations is a common administrative step and not an open-market sale. The disposition to the issuer and reported derivative disposals suggest a net or cashless settlement component in the exercise/conversion process.
- These actions are routine insider equity compensation events (exercise/vesting and tax withholding). They are factual disclosures of compensation-related transactions rather than open-market purchases or sales indicating a straightforward buy/sell signal.
Insider Transaction Report
Form 4
Snap-on IncSNA
Lemerand June C
VP & Chief Information Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-12+774→ 4,558.794 total - Tax Payment
Common Stock
[F2]2026-02-12$378.55/sh−268$101,451→ 4,290.794 total - Disposition to Issuer
Performance Units
[F3][F1]2026-02-12−337→ 774 total→ Common Stock (337 underlying) - Exercise/Conversion
Performance Units
[F3][F1]2026-02-12−774→ 0 total→ Common Stock (774 underlying) - Award
Stock Option (Right to Buy)
[F5][F4]2026-02-12+2,110→ 2,110 totalExercise: $378.55From: 2027-02-12Exp: 2036-02-12→ Common Stock (2,110 underlying) - Award
Restricted Stock Units
[F3][F6]2026-02-12+508→ 508 totalFrom: 2029-02-12Exp: 2029-02-12→ Common Stock (508 underlying) - Award
Performance Units
[F3][F7]2026-02-12+1,016→ 1,016 total→ Common Stock (1,016 underlying)
Holdings
- 1,200
Stock Option (Right to Buy)
[F8]Exercise: $168.70Exp: 2027-02-09→ Common Stock (1,200 underlying) - 1,906
Stock Option (Right to Buy)
[F8]Exercise: $161.18Exp: 2028-02-15→ Common Stock (1,906 underlying) - 2,000
Stock Option (Right to Buy)
[F8]Exercise: $155.34Exp: 2030-02-13→ Common Stock (2,000 underlying) - 2,856
Stock Option (Right to Buy)
[F8]Exercise: $189.89Exp: 2031-02-11→ Common Stock (2,856 underlying) - 2,941
Stock Option (Right to Buy)
[F8]Exercise: $211.67Exp: 2032-02-10→ Common Stock (2,941 underlying) - 2,433
Stock Option (Right to Buy)
[F8]Exercise: $249.26Exp: 2033-02-09→ Common Stock (2,433 underlying) - 2,588
Stock Option (Right to Buy)
[F4]Exercise: $269.00From: 2025-02-15Exp: 2034-02-15→ Common Stock (2,588 underlying) - 2,076
Stock Option (Right to Buy)
[F4]Exercise: $339.73From: 2026-02-13Exp: 2035-02-13→ Common Stock (2,076 underlying) - 558
Restricted Stock Units
[F3][F6]From: 2027-02-15Exp: 2027-02-15→ Common Stock (558 underlying) - 485
Restricted Stock Units
[F3][F6]From: 2028-02-13Exp: 2028-02-13→ Common Stock (485 underlying) - 1,116
Performance Units
[F3][F9]→ Common Stock (1,116 underlying) - 971
Performance Units
[F3][F10]→ Common Stock (971 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 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.
Signature
/s/ Ryan S. Lovitz under Power of Attorney for June C. Lemerand|2026-02-13