Pagliari Aldo John 4
4 · Snap-on Inc · Filed May 14, 2026
Research Summary
AI-generated summary of this filing
Snap-on (SNA) CFO Aldo Pagliari Exercises Options, Sells Shares
What Happened
Aldo John Pagliari, Senior Vice President – Finance and Chief Financial Officer of Snap-on Inc. (SNA), exercised stock options on May 14, 2026 to acquire 8,000 shares at an exercise price of $168.70 (total cost ~$1,349,600). On the same day he sold three blocks of shares in open-market trades: 1,010 shares at a weighted-average $366.20 ($369,858), 3,029 shares at $367.09 ($1,111,927), and 1,674 shares at $367.96 ($615,957) — total open-market proceeds roughly $2.10 million. The filing also shows an 8,000-share derivative disposition tied to the option exercise (reported N/A for price), consistent with share withholding to cover the exercise/taxes.
Key Details
- Transaction date: May 14, 2026. Exercise (code M) and multiple sales (code S) all reported same day.
- Exercise: 8,000 shares @ $168.70 = $1,349,600 (cash paid to exercise).
- Sales: 1,010 @ $366.20; 3,029 @ $367.09; 1,674 @ $367.96. Total sale proceeds ≈ $2,097,742. Some sales executed in multiple trades (weighted-average prices; see footnotes).
- Notable footnotes: transaction executed under a Rule 10b5-1 plan adopted Nov 3, 2025; portion of shares were sold to cover exercise price and estimated tax liability (cashless/net share settlement) (F1, F7). Price ranges for the multiple trades are provided in the filing (F3–F5). Option was fully vested (F6).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Filing timeliness: Reported and filed with period date 2026-05-14 (no late filing indicated).
Context
This is primarily an option exercise paired with immediate share sales to cover the exercise cost and tax withholding (a common “cashless” or net-share settlement pattern). Sales executed under a pre-established 10b5-1 plan generally indicate pre-planned disposition rather than ad hoc market timing. These transactions are routine for executives exercising vested options and do not, by themselves, indicate a change in company outlook.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-05-14$168.70/sh+8,000$1,349,600→ 125,200.686 total - Sale
Common Stock
[F1][F3]2026-05-14$366.20/sh−1,010$369,858→ 124,190.686 total - Sale
Common Stock
[F1][F4]2026-05-14$367.09/sh−3,029$1,111,927→ 121,161.686 total - Sale
Common Stock
[F1][F5]2026-05-14$367.96/sh−1,674$615,957→ 119,487.686 total - Exercise/Conversion
Stock Option (Right to Buy)
[F1][F7][F6]2026-05-14−8,000→ 18,000 totalExercise: $168.70Exp: 2027-02-09→ Common Stock (8,000 underlying)
- 26,052
Stock Option (Right to Buy)
[F6]Exercise: $161.18Exp: 2028-02-15→ Common Stock (26,052 underlying) - 23,500
Stock Option (Right to Buy)
[F6]Exercise: $155.92Exp: 2029-02-14→ Common Stock (23,500 underlying) - 23,500
Stock Option (Right to Buy)
[F6]Exercise: $155.34Exp: 2030-02-13→ Common Stock (23,500 underlying) - 14,986
Stock Option (Right to Buy)
[F6]Exercise: $189.89Exp: 2031-02-11→ Common Stock (14,986 underlying) - 11,252
Stock Option (Right to Buy)
[F6]Exercise: $211.67Exp: 2032-02-10→ Common Stock (11,252 underlying) - 7,850
Stock Option (Right to Buy)
[F6]Exercise: $249.26Exp: 2033-02-09→ Common Stock (7,850 underlying) - 7,106
Stock Option (Right to Buy)
[F8]Exercise: $269.00From: 2025-02-15Exp: 2034-02-15→ Common Stock (7,106 underlying) - 5,342
Stock Option (Right to Buy)
[F8]Exercise: $339.73From: 2026-02-13Exp: 2035-02-13→ Common Stock (5,342 underlying) - 5,187
Stock Option (Right to Buy)
[F8]Exercise: $378.55From: 2027-02-12Exp: 2036-02-12→ Common Stock (5,187 underlying) - 1,533
Restricted Stock Units
[F9][F10]From: 2027-02-15Exp: 2027-02-15→ Common Stock (1,533 underlying) - 1,249
Restricted Stock Units
[F9][F10]From: 2028-02-13Exp: 2028-02-13→ Common Stock (1,249 underlying) - 1,249
Restricted Stock Units
[F9][F10]From: 2029-02-12Exp: 2029-02-12→ Common Stock (1,249 underlying) - 3,065
Performance Units
[F9][F11]→ Common Stock (3,065 underlying) - 2,498
Performance Units
[F9][F12]→ Common Stock (2,498 underlying) - 2,497
Performance Units
[F9][F13]→ Common Stock (2,497 underlying)
Footnotes (13)
- [F1]The option was exercised, and a portion of the underlying shares were sold to cover the exercise price and estimated tax liability, pursuant to a Rule 10b5-1 Plan, which was adopted on November 3, 2025.
- [F10]The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- [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.
- [F13]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.
- [F2]Includes 17.6301 shares acquired under a dividend reinvestment plan.
- [F3]This transaction was executed in multiple trades at prices ranging from $365.56 to $366.54. The price reported above reflects the weighted average sale price. the reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
- [F4]This transaction was executed in multiple trades at prices ranging from $366.57 to $367.55. The price reported above reflects the weighted average sale price. the reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
- [F5]This transaction was executed in multiple trades at prices ranging from $367.57 to $368.51. The price reported above reflects the weighted average sale price. the reporting person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effectuated.
- [F6]Option fully vested.
- [F7]Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on November 3, 2025.
- [F8]Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- [F9]1 for 1.