Snap-on (SNA) SVP Timothy L. Chambers Exercises Options and Sells Shares

What Happened
Timothy L. Chambers, Senior Vice President and President—Tools at Snap-on (SNA), exercised 9,111 stock options on July 28, 2026 (exercise cost $168.70/share, total $1,537,026) and immediately sold all 9,111 underlying shares the same day. The sales were executed as 9,091 shares at a weighted average price of $419.36 ($3,812,368) and 20 shares at $420.00 ($8,400), for total proceeds of $3,820,768. This sequence (exercise then sale) is effectively a cash-out of vested options rather than a new purchase.

Key Details

• Date: July 28, 2026
• Option exercise: 9,111 shares at $168.70 each; total exercise cost $1,537,026 (option fully vested). (Footnotes F3, F4)
• Sales: 9,091 shares at a weighted avg $419.36 (range $419.00–$419.99) and 20 shares at $420.00; total proceeds $3,820,768. (Footnote F2)
• Plan: Shares were sold pursuant to a pre-arranged Rule 10b5‑1 trading plan adopted Feb 27, 2026. (Footnotes F1, F4)
• Net proceeds (proceeds minus exercise cost): approximately $2,283,742 before taxes/fees.
• Shares owned after transaction: not disclosed in this filing.
• Filing timeliness: Reported for the period/date 2026-07-28 (no late-filing indicator in the submission).

Context
This was an option exercise followed by an immediate sale under a 10b5‑1 plan (commonly used to schedule sales in advance). Such transactions are routine liquidity events when options vest and do not, by themselves, indicate the insider’s view of the company beyond the pre-arranged sale.