Arregui Jesus 4
4 · Snap-on Inc · Filed Jun 11, 2026
Research Summary
AI-generated summary of this filing
Snap-on (SNA) Sr VP Jesus Arregui Exercises Options and Sells Shares
What Happened
- Jesus Arregui, Senior Vice President & President — Commercial of Snap-on Inc., exercised 7,500 derivative shares at $168.70 per share (total cost $1,265,250) on 2026-06-10. He then disposed of all 7,500 shares the same day through a combination of a disposition to the issuer and open-market sales, realizing total proceeds of $2,897,353. The transaction appears to be a cashless exercise (exercise followed by immediate sales).
Key Details
- Transaction date: 2026-06-10; Form filed: 2026-06-11 (timely).
- Exercise: 7,500 shares @ $168.70 = $1,265,250.
- Dispositions (total 7,500 shares) = $2,897,353:
- 3,249 shares to the issuer @ $389.45 = $1,265,323 (likely withholding/issuer disposition).
- 573 shares @ $382.84 = $219,367 (weighted avg; multiple trades).
- 2,676 shares @ $383.72 = $1,026,829 (weighted avg; multiple trades).
- 602 shares @ $384.55 = $231,502 (weighted avg; multiple trades).
- 400 shares @ $385.83 = $154,332 (weighted avg; multiple trades).
- Net cash from these transactions (proceeds minus exercise cost): approximately $1,632,103.
- Footnotes: several sales executed in multiple trades with the reported prices reflecting weighted averages (see F2–F5 for price ranges). No post-transaction beneficial ownership figure provided in the summary data available.
- Filing status: timely (filed one day after the transactions).
Context
- This was an exercise of derivatives followed by immediate sale of all exercised shares — a common "cashless exercise" pattern used to cover strike price and tax withholding or to monetize vested compensation. Such transactions are routine for executives and do not, by themselves, indicate a change in view on the company.
Insider Transaction Report
Form 4
Snap-on IncSNA
Arregui Jesus
Sr VP & President - Commercial
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-06-10$168.70/sh+7,500$1,265,250→ 11,939.067 total - Disposition to Issuer
Common Stock
2026-06-10$389.45/sh−3,249$1,265,323→ 8,690.067 total - Sale
Common Stock
[F2]2026-06-10$382.84/sh−573$219,367→ 8,117.067 total - Sale
Common Stock
[F3]2026-06-10$383.72/sh−2,676$1,026,829→ 5,441.067 total - Sale
Common Stock
[F4]2026-06-10$384.55/sh−602$231,502→ 4,839.067 total - Sale
Common Stock
[F5]2026-06-10$385.83/sh−400$154,332→ 4,439.067 total - Exercise/Conversion
Stock Appreciation Rights
[F7][F6]2026-06-10−7,500→ 0 totalExercise: $168.70Exp: 2027-02-09→ Common Stock (7,500 underlying)
Holdings
- 5,674
Stock Appreciation Rights
[F6]Exercise: $161.18Exp: 2028-02-15→ Common Stock (5,674 underlying) - 13,500
Stock Appreciation Rights
[F6]Exercise: $155.34Exp: 2030-02-13→ Common Stock (13,500 underlying) - 9,672
Stock Appreciation Rights
[F6]Exercise: $189.89Exp: 2031-02-11→ Common Stock (9,672 underlying) - 8,003
Stock Appreciation Rights
[F6]Exercise: $211.67Exp: 2032-02-10→ Common Stock (8,003 underlying) - 5,830
Stock Appreciation Rights
[F6]Exercise: $249.26Exp: 2033-02-09→ Common Stock (5,830 underlying) - 5,463
Stock Appreciation Rights
[F8]Exercise: $269.00From: 2025-02-15Exp: 2034-02-15→ Common Stock (5,463 underlying) - 4,273
Stock Appreciation Rights
[F8]Exercise: $339.73From: 2026-02-13Exp: 2035-02-13→ Common Stock (4,273 underlying) - 4,103
Stock Appreciation Rights
[F8]Exercise: $378.55From: 2027-02-12Exp: 2036-02-12→ Common Stock (4,103 underlying) - 1,178
Restricted Stock Units
[F9][F10]From: 2027-02-15Exp: 2027-02-15→ Common Stock (1,178 underlying) - 999
Restricted Stock Units
[F9][F10]From: 2028-02-13Exp: 2028-02-13→ Common Stock (999 underlying) - 988
Restricted Stock Units
[F9][F10]From: 2029-02-12Exp: 2029-02-12→ Common Stock (988 underlying) - 2,357
Performance Units
[F9][F11]→ Common Stock (2,357 underlying) - 1,999
Performance Units
[F9][F12]→ Common Stock (1,999 underlying) - 1,975
Performance Units
[F9][F13]→ Common Stock (1,975 underlying)
Footnotes (13)
- [F1]Includes 33.7134 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 0.0087 shares acquired under a dividend reinvestment plan.
- [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]This transaction was executed in multiple trades at prices ranging from $382.255 to $383.25. 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.
- [F3]This transaction was executed in multiple trades at prices ranging from $383.29 to $384.27. 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 $384.31 to $384.76. 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 $385.61 to $386.01. 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]Stock appreciation rights grant fully vested.
- [F7]Exercise of Rule 16b-3 stock appreciation rights.
- [F8]Original stock appreciation rights grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- [F9]1 for 1.
Signature
/s/ Ryan S. Lovitz under Power of Attorney for Jesus Arregui|2026-06-10