Pagliari Aldo John 4

What Happened

• Aldo John Pagliari, Senior Vice President — Finance & Chief Financial Officer of Snap-on Inc., had performance-based awards vest and completed option/derivative conversions on February 12, 2026. The filing shows he was awarded 8,933 shares from grants (three awards) and converted/received 2,499 shares via derivative exercise, for a total of 11,432 shares acquired (reported as awards/derivative conversions at $0). To cover tax withholding and issuer dispositions, a total of 4,755 shares were surrendered or withheld (including 1,169 shares withheld to cover taxes, generating $442,525).

Key Details

• Transaction date: February 12, 2026. Form 4 filed: February 17, 2026 (appears later than the typical two-business-day filing window).
• Shares awarded (grants): 5,187 + 1,249 + 2,497 = 8,933 shares (grant price $0 — vested awards).
• Derivative conversions/exercises: 2,499 shares acquired; additional 2,499 derivative shares reported disposed.
• Shares surrendered/withheld: 1,169 shares withheld for tax payment (amount reported $442,525); 1,087 shares disposed to issuer; other derivative disposals total 2,499 shares — total surrendered/disposed = 4,755 shares.
• Footnotes of note:
  • F1: 69.7% of the performance units for the 2023–2025 cycle vested (the awards were performance-based and had a 0–200% payout range).
  • F2: Shares were withheld to cover tax withholding on the vesting.
  • F3: 1-for-1 conversion ratio.
• Shares owned after the transactions are not specified in the provided excerpt of the filing.

Context

• These transactions appear compensation-related: performance units vested and were converted/awarded, and shares were withheld/surrendered to satisfy tax withholding and issuer requirements — a routine corporate compensation event rather than an open-market purchase or discretionary sale.
• The $442,525 figure reflects the tax withholding value from the withheld 1,169 shares. Because the Form 4 was filed five days after the transaction date (Feb 12 → filed Feb 17), the filing appears to be late relative to the usual two-business-day Form 4 deadline.
• For retail investors: awards and withholding are common for executives when restricted/performance units vest; such activity is not a direct bullish or bearish vote by the insider.