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|4Feb 17, 5:27 PM ET

OZOLINS MARTY V. 4

4 · Snap-on Inc · Filed Feb 17, 2026

Research Summary

AI-generated summary of this filing

Updated

Snap-on (SNA) VP/Controller Marty Ozolins Exercises Options, Receives Awards

What Happened

  • Marty V. Ozolins, Vice President & Controller of Snap-on Inc. (SNA), completed a set of option/derivative transactions and received performance-based equity awards on Feb 12, 2026. The filing shows exercises/conversions of derivatives (multiple "M" entries), a tax/payment withholding of 15 shares valued at $378.55 per share (total $5,678), and disposals to the issuer (likely net settlement or withholding) of 191 shares. In addition, Ozolins was granted/awarded performance-based units/RSUs totaling 1,084 + 261 + 522 = 1,867 units (grant value shown as $0 because these are awards/units, not open-market purchases).
  • These transactions look like option/derivative exercises followed by net settlement/withholding to cover tax or exercise obligations, plus the delivery of performance-based awards (some of which vested based on 2023–2025 performance).

Key Details

  • Transaction date: February 12, 2026; Form 4 filed February 17, 2026 (filed after the transaction date; appears outside the usual 2-business-day window).
  • Tax/exercise payment: 15 shares withheld at $378.55/share = $5,678 reported as disposed (code F).
  • Dispositions to issuer: 191 shares (code D) reported as disposed—consistent with net settlement or withholding.
  • Awards received: 1,867 performance/award units granted (codes A) at $0 reported (derivative awards, not cash purchases).
  • Notable footnotes: F1 indicates 69.7% of 2023–2025 performance units vested and that the reporting person elected to defer a portion of the underlying shares; F2 confirms shares were withheld to cover tax withholding; F10 notes an option fully vested; F11–F12 describe other performance-unit measurement periods (2024–2026, 2025–2027) and potential upside (up to 200% of target subject to plan limits).
  • Shares owned after the reported transactions are not stated in the excerpt of the filing.

Context

  • This appears to be a cashless/net settlement-type exercise: options/derivatives were converted and shares were withheld/disposed to cover taxes or exercise obligations rather than sold on the open market. That typically reflects routine tax/settlement mechanics rather than a straightforward "sell" decision.
  • The 1,867 units are performance-based awards (vesting and final shares depend on future performance/vesting schedules). Such awards are contingent and do not necessarily reflect an immediate open-market purchase or sale.

Insider Transaction Report

Form 4
Period: 2026-02-12
Snap-on IncSNA
OZOLINS MARTY V.
Vice President & Controller
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-02-12+15→ 1,451.055 total
  • Tax Payment

    Common Stock

    [F2]
    2026-02-12$378.55/sh−15$5,678→ 1,436.055 total
  • Disposition to Issuer

    Performance Units

    [F3][F1]
    2026-02-12−191→ 438 total
    → Common Stock (191 underlying)
  • Exercise/Conversion

    Performance Units

    [F3][F1]
    2026-02-12−15→ 423 total
    → Common Stock (15 underlying)
  • Exercise/Conversion

    Performance Units

    [F3][F1]
    2026-02-12−423→ 0 total
    → Common Stock (423 underlying)
  • Exercise/Conversion

    Deferred Stock Units

    [F3][F1][F4][F5]
    2026-02-12+423→ 3,665.991 total
    → Common Stock (423 underlying)
  • Award

    Stock Option (Right to Buy)

    [F7][F6]
    2026-02-12+1,084→ 1,084 total
    Exercise: $378.55From: 2027-02-12Exp: 2036-02-12→ Common Stock (1,084 underlying)
  • Award

    Restricted Stock Units

    [F3][F8]
    2026-02-12+261→ 261 total
    From: 2029-02-12Exp: 2029-02-12→ Common Stock (261 underlying)
  • Award

    Performance Units

    [F3][F9]
    2026-02-12+522→ 522 total
    → Common Stock (522 underlying)
Holdings

  • Stock Option (Right to Buy)

    [F10]
    Exercise: $168.70Exp: 2027-02-09→ Common Stock (800 underlying)
    800

  • Stock Option (Right to Buy)

    [F10]
    Exercise: $161.18Exp: 2028-02-15→ Common Stock (1,000 underlying)
    1,000

  • Stock Option (Right to Buy)

    [F10]
    Exercise: $155.92Exp: 2029-02-14→ Common Stock (1,250 underlying)
    1,250

  • Stock Option (Right to Buy)

    [F10]
    Exercise: $155.34Exp: 2030-02-13→ Common Stock (1,300 underlying)
    1,300

  • Stock Option (Right to Buy)

    [F10]
    Exercise: $189.89Exp: 2031-02-11→ Common Stock (1,316 underlying)
    1,316

  • Stock Option (Right to Buy)

    [F10]
    Exercise: $211.67Exp: 2032-02-10→ Common Stock (1,676 underlying)
    1,676

  • Stock Option (Right to Buy)

    [F10]
    Exercise: $249.26Exp: 2033-02-09→ Common Stock (1,377 underlying)
    1,377

  • Stock Option (Right to Buy)

    [F6]
    Exercise: $269.00From: 2025-02-15Exp: 2034-02-15→ Common Stock (1,356 underlying)
    1,356

  • Stock Option (Right to Buy)

    [F6]
    Exercise: $339.73From: 2026-02-13Exp: 2035-02-13→ Common Stock (1,068 underlying)
    1,068

  • Restricted Stock Units

    [F3][F8]
    From: 2027-02-15Exp: 2027-02-15→ Common Stock (292 underlying)
    292

  • Restricted Stock Units

    [F3][F8]
    From: 2028-02-13Exp: 2028-02-13→ Common Stock (250 underlying)
    250

  • Performance Units

    [F3][F11]
    → Common Stock (585 underlying)
    585

  • Performance Units

    [F3][F12]
    → Common Stock (499 underlying)
    499
Footnotes (12)
  • [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). The reporting person elected to defer the receipt of a portion of the underlying shares.
  • [F10]Option fully vested.
  • [F11]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.
  • [F12]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]Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.
  • [F5]This information is based on a plan statement dated December 31, 2025, as updated by the transaction being reported on this Form 4 and the transaction reported on the Form 4 dated February 9, 2026.
  • [F6]Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
  • [F7]The transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.
  • [F8]The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
  • [F9]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.
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Marty V. Ozolins|2026-02-13

Documents

2 files
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT

  • EX-24
    doc1.txt

    POWER OF ATTORNEY (PUBLIC): 2021 SECTION 16 POA