Snap-on Form 4 / Thomas J Ward ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ward Thomas J

(Last)

(First)

(Middle)

SNAP-ON INCORPORATED

2801 80TH STREET

(Street)

KENOSHA

53143

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Snap-on Inc [ SNA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Sr VP & President - RS&I Group

3. Date of Earliest Transaction (Month/Day/Year)
12/19/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/19/2023		M⁽¹⁾		16,630	A	$168.7	65,313.8124	D
Common Stock	12/19/2023		S⁽¹⁾		16,630	D	$288.9375⁽²⁾	48,683.8124	D
Common Stock	12/20/2023		M⁽¹⁾		2,621	A	$168.7	51,304.8124	D
Common Stock	12/20/2023		M⁽¹⁾		3,300	A	$189.89	54,604.8124	D
Common Stock	12/20/2023		S⁽¹⁾		2,621	D	$289.0163⁽³⁾	51,983.8124	D
Common Stock	12/20/2023		S⁽¹⁾		3,300	D	$289.9231⁽⁴⁾	48,683.8124	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$168.7	12/19/2023		M⁽¹⁾			16,630	⁽⁵⁾	02/09/2027	Common Stock	16,630	⁽⁶⁾	2,621	D
Stock Option (Right to Buy)	$168.7	12/20/2023		M⁽¹⁾			2,621	⁽⁵⁾	02/09/2027	Common Stock	2,621	⁽⁶⁾	0	D
Stock Option (Right to Buy)	$189.89	12/20/2023		M⁽¹⁾			3,300	02/11/2022⁽⁷⁾	02/11/2031	Common Stock	3,300	⁽⁶⁾	6,527	D
Stock Option (Right to Buy)	$211.67							02/10/2023⁽⁷⁾	02/10/2032	Common Stock	11,468		11,468	D
Stock Option (Right to Buy)	$249.26							02/09/2024⁽⁷⁾	02/09/2033	Common Stock	7,928		7,928	D
Restricted Stock Units	⁽⁸⁾							02/11/2024⁽⁹⁾	02/11/2024⁽⁹⁾	Common Stock	2,381		2,381	D
Restricted Stock Units	⁽⁸⁾							02/10/2025⁽⁹⁾	02/10/2025⁽⁹⁾	Common Stock	1,960		1,960	D
Restricted Stock Units	⁽⁸⁾							02/09/2026⁽⁹⁾	02/09/2026⁽⁹⁾	Common Stock	1,811		1,811	D
Performance Units	⁽⁸⁾							⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	4,764		4,764	D
Performance Units	⁽⁸⁾							⁽¹¹⁾	⁽¹¹⁾	Common Stock	3,921		3,921	D
Performance Units	⁽⁸⁾							⁽¹²⁾	⁽¹²⁾	Common Stock	3,621		3,621	D

Explanation of Responses:

1. The option was exercised and the underlying shares were sold pursuant to a Rule 10b5-1 Plan, which was adopted on May 26, 2023.

2. This transaction was executed in multiple trades at prices ranging from $288.80 to $289.53. 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.

3. This transaction was executed in multiple trades at prices ranging from $288.80 to $289.40. 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.

4. This transaction was executed in multiple trades at prices ranging from $289.80 to $290.30. 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.

5. Option fully vested.

6. Exercise of Rule 16b-3 stock option pursuant to a Rule 10b5-1 Plan, which was adopted on May 26, 2023.

7. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.

8. 1 for 1.

9. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment.

10. If the Company achieves certain goals over the 2021-2023 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.

11. 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.

12. 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.

	/s/ Ryan S. Lovitz under Power of Attorney for Thomas J. Ward	12/20/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Snap-on (SNA) Form 4Snap-on / Thomas J Ward ownership change