Chambers Timothy L 4

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.