Pagliari Aldo John 4

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.