Lemerand June C 4

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.