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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 3/28/24 |
Issuer: |
| Issuer CIK: 91440 |
| Issuer Name: Snap-on Inc |
| Issuer Trading Symbol: SNA |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1740864 |
| | Owner Name: Miller Richard Thomas |
| Reporting Owner Address: |
| | Owner Street 1: 2801 80TH STREET |
| | Owner Street 2: |
| | Owner City: KENOSHA |
| | Owner State: WI |
| | Owner ZIP Code: 53143 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Officer? Yes |
| | Officer Title: VP, Gen Counsel & Secretary |
Aff 10b5 One: 0 |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/28/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 704 |
| | | Transaction Price Per Share: |
| Value: 138.03 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,916.8491 |
| Footnote ID: F2 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/28/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: S |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 704 |
| | | Transaction Price Per Share: |
| Value: 298.1607 |
| Footnote ID: F3 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,212.8491 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 138.03 |
| | Transaction Date: |
| | | Value: 3/28/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Timeliness: |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 704 |
| | | Transaction Price Per Share: |
| Footnote ID: F5 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F4 |
| | Expiration Date: |
| | | Value: 2/11/26 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 704 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,796 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 168.70 |
| | Exercise Date: |
| | | Footnote ID: F4 |
| | Expiration Date: |
| | | Value: 2/9/27 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 4,750 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,750 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 161.18 |
| | Exercise Date: |
| | | Footnote ID: F4 |
| | Expiration Date: |
| | | Value: 2/15/28 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 3,728 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,728 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 155.92 |
| | Exercise Date: |
| | | Footnote ID: F4 |
| | Expiration Date: |
| | | Value: 2/14/29 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 4,500 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,500 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 155.34 |
| | Exercise Date: |
| | | Footnote ID: F4 |
| | Expiration Date: |
| | | Value: 2/13/30 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 4,700 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 4,700 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 189.89 |
| | Exercise Date: |
| | | Footnote ID: F4 |
| | Expiration Date: |
| | | Value: 2/11/31 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 2,815 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,815 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 211.67 |
| | Exercise Date: |
| | | Value: 2/10/23 |
| | | Footnote ID: F6 |
| | Expiration Date: |
| | | Value: 2/10/32 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 2,941 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,941 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 249.26 |
| | Exercise Date: |
| | | Value: 2/9/24 |
| | | Footnote ID: F6 |
| | Expiration Date: |
| | | Value: 2/9/33 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 2,433 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,433 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Stock Option (Right to Buy) |
| | Conversion or Exercise Price: |
| | | Value: 269.00 |
| | Exercise Date: |
| | | Value: 2/15/25 |
| | | Footnote ID: F6 |
| | Expiration Date: |
| | | Value: 2/15/34 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 2,670 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 2,670 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F7 |
| | Exercise Date: |
| | | Value: 2/10/25 |
| | | Footnote ID: F8 |
| | Expiration Date: |
| | | Value: 2/10/25 |
| | | Footnote ID: F8 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 502 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 502 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F7 |
| | Exercise Date: |
| | | Value: 2/9/26 |
| | | Footnote ID: F8 |
| | Expiration Date: |
| | | Value: 2/9/26 |
| | | Footnote ID: F8 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 556 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 556 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F7 |
| | Exercise Date: |
| | | Value: 2/15/27 |
| | | Footnote ID: F8 |
| | Expiration Date: |
| | | Value: 2/15/27 |
| | | Footnote ID: F8 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 576 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 576 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F7 |
| | Exercise Date: |
| | | Footnote ID: F9 |
| | Expiration Date: |
| | | Footnote ID: F9 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 1,006 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,006 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F7 |
| | Exercise Date: |
| | | Footnote ID: F10 |
| | Expiration Date: |
| | | Footnote ID: F10 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 1,111 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,111 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F7 |
| | Exercise Date: |
| | | Footnote ID: F11 |
| | Expiration Date: |
| | | Footnote ID: F11 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 1,152 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,152 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Deferred Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F7 |
| | Exercise Date: |
| | | Footnote ID: F12 |
| | Expiration Date: |
| | | Footnote ID: F12 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 676.2163 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 676.2163 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on February 23, 2023. |
| Footnote - F2: Includes 2.1228 shares acquired under a dividend reinvestment plan. |
| Footnote - F3: This transaction was executed in multiple trades at prices ranging from $298.03 to $298.27. 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. |
| Footnote - F4: Option fully vested. |
| Footnote - F5: Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on February 23, 2023. |
| Footnote - F6: Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. |
| Footnote - F7: 1 for 1. |
| Footnote - F8: The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment. |
| Footnote - F9: If the Company achieves certain goals over the 2022-2024 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. |
| Footnote - F10: If the Company achieves certain goals over the 2023-2025 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. |
| Footnote - F11: 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. |
| Footnote - F12: Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment. |
Owner Signature: |
| Signature Name: /s/ Ryan S. Lovitz under Power of Attorney for Richard Thomas Miller |
| Signature Date: 3/28/24 |