Arregui Jesus 4

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.