Chambers Timothy L 4
4 · Snap-on Inc · Filed Jul 21, 2026
Research Summary
AI-generated summary of this filing
Snap‑on (SNA) Sr. VP Timothy Chambers Exercises Options, Sells 389 Shares
What Happened Timothy L. Chambers, Senior Vice President and President — Tools at Snap‑on Inc., exercised 389 stock options on July 17, 2026 (exercise price $168.70 per share) and immediately sold the 389 underlying shares in the open market. The weighted average sale price was $419.43 per share, producing proceeds of about $163,157; the exercise cost was $65,624. The exercise and sale were executed pursuant to a pre‑arranged Rule 10b5‑1 trading plan.
Key Details
- Transaction date: July 17, 2026.
- Exercise: 389 shares at $168.70 (total $65,624). Option was fully vested (F4).
- Sale: 389 shares sold at a weighted average price of $419.43 ($419.00–$419.57 range across multiple trades) for total proceeds of $163,157 (F3).
- Plan/authorization: Both the option exercise and sale were pursuant to a Rule 10b5‑1 plan adopted February 27, 2026 (F1, F5).
- Shares owned after transaction: not stated in the excerpted filing.
- Filing: Form 4 filed July 21, 2026 (covers July 17 transactions); no late filing indicated.
Context This was an option exercise followed by an immediate sale under a pre‑arranged 10b5‑1 plan (a common way executives monetize vested options without ad hoc market timing). Such transactions are routine and executed per a plan; they do not, by themselves, indicate management’s view of the company’s prospects.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-07-17$168.70/sh+389$65,624→ 21,612 total - Sale
Common Stock
[F1][F3]2026-07-17$419.43/sh−389$163,157→ 21,223 total - Exercise/Conversion
Stock Option (Right to Buy)
[F1][F5][F4]2026-07-17−389→ 9,111 totalExercise: $168.70Exp: 2027-02-09→ Common Stock (389 underlying)
- 7,594
Stock Option (Right to Buy)
[F4]Exercise: $161.18Exp: 2028-02-15→ Common Stock (7,594 underlying) - 12,000
Stock Option (Right to Buy)
[F4]Exercise: $155.92Exp: 2029-02-14→ Common Stock (12,000 underlying) - 13,500
Stock Option (Right to Buy)
[F4]Exercise: $155.34Exp: 2030-02-13→ Common Stock (13,500 underlying) - 9,672
Stock Option (Right to Buy)
[F4]Exercise: $189.89Exp: 2031-02-11→ Common Stock (9,672 underlying) - 8,003
Stock Option (Right to Buy)
[F4]Exercise: $211.67Exp: 2032-02-10→ Common Stock (8,003 underlying) - 5,830
Stock Option (Right to Buy)
[F4]Exercise: $249.26Exp: 2033-02-09→ Common Stock (5,830 underlying) - 5,463
Stock Option (Right to Buy)
[F6]Exercise: $269.00From: 2025-02-15Exp: 2034-02-15→ Common Stock (5,463 underlying) - 4,273
Stock Option (Right to Buy)
[F6]Exercise: $339.73From: 2026-02-13Exp: 2035-02-13→ Common Stock (4,273 underlying) - 4,103
Stock Option (Right to Buy)
[F6]Exercise: $378.55From: 2027-02-12Exp: 2036-02-12→ Common Stock (4,103 underlying) - 1,178
Restricted Stock Units
[F7][F8]From: 2027-02-15Exp: 2027-02-15→ Common Stock (1,178 underlying) - 999
Restricted Stock Units
[F7][F8]From: 2028-02-13Exp: 2028-02-13→ Common Stock (999 underlying) - 988
Restricted Stock Units
[F7][F8]From: 2029-02-12Exp: 2029-02-12→ Common Stock (988 underlying) - 2,357
Performance Units
[F7][F9]→ Common Stock (2,357 underlying) - 1,999
Performance Units
[F7][F10]→ Common Stock (1,999 underlying) - 1,975
Performance Units
[F7][F11]→ Common Stock (1,975 underlying)
Footnotes (11)
- [F1]The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on February 27, 2026.
- [F10]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.
- [F11]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 16.8567 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 6.7254 shares acquired under a dividend reinvestment plan.
- [F3]This transaction was executed in multiple trades at prices ranging from $419.00 to $419.57. 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]Option fully vested.
- [F5]Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 27, 2026.
- [F6]Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
- [F7]1 for 1.
- [F8]The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.
- [F9]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.