Snap‑on (SNA) CFO Aldo Pagliari Exercises Options, Sells Shares

What Happened
Aldo John Pagliari, Senior Vice President — Finance & Chief Financial Officer of Snap‑on Inc., exercised stock options to acquire 8,000 shares at an exercise price of $168.70 per share (cost ≈ $1,349,600) on August 13, 2026. On the same day he disposed of approximately 5,531 shares in multiple open‑market sales at weighted average prices between ~$402 and $410, generating total gross proceeds of about $2,235,900. The filing notes that a portion of the shares from the exercise were sold to cover the exercise price and estimated tax liability under a Rule 10b5‑1 plan adopted November 3, 2025.

Key Details

• Transaction date: August 13, 2026.
• Option exercise: 8,000 shares acquired @ $168.70 (total exercise cost ≈ $1,349,600).
• Open‑market sales (total ~5,531 shares) and reported proceeds by tranche:
  • 1,447 shares @ $403.14 (weighted avg; trades ranged $402.43–$403.41) — $583,338
  • 2,564 shares @ $403.90 (weighted avg; $403.45–$404.42) — $1,035,606
  • 441 shares @ $404.95 (weighted avg; $404.45–$405.41) — $178,581
  • 831 shares @ $405.94 (weighted avg; $405.50–$406.47) — $337,334
  • 208 shares @ $406.98 (weighted avg; $406.56–$407.29) — $84,651
  • 40 shares @ $409.69 — $16,388
  • Total gross proceeds from sales ≈ $2,235,898.
• Footnotes: sale and withholding to cover exercise/taxes per a Rule 10b5‑1 plan (adopted 11/03/2025). Several sales executed in multiple trades (weighted averages reported).
• Shares owned after transaction: not specified in the provided data.
• Filing timeliness: no late filing indicated in the supplied information.

Context

• This was an option exercise combined with contemporaneous open‑market sales. According to the filing, the sales were used to cover the exercise cost and estimated tax liability (a common, routine occurrence when executives exercise options).
• For retail investors: exercises that are followed by sales to cover tax/exercise costs are typically procedural rather than a pure directional bet. The presence of a pre‑arranged Rule 10b5‑1 plan indicates the trades were executed under an established plan.