Snap-on Form 4 / NICHOLAS T PINCHUK 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^*

PINCHUK NICHOLAS T

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chairman, President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2024

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	02/15/2024		M⁽¹⁾		38,066	A	⁽¹⁾	750,258.551	D
Common Stock	02/15/2024		F⁽²⁾		16,863	D	$269	733,395.551	D
Common Stock								826.5221	I	By 401(k) Plan

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)
Performance Units	⁽³⁾	02/15/2024		A⁽¹⁾		19,033		⁽¹⁾	⁽¹⁾	Common Stock	19,033	⁽¹⁾	38,066	D
Performance Units	⁽³⁾	02/15/2024		M⁽¹⁾			38,066	⁽¹⁾	⁽¹⁾	Common Stock	38,066	⁽¹⁾	0	D
Stock Option (Right to Buy)	$269	02/15/2024		A		23,710		02/15/2025⁽⁴⁾	02/15/2034	Common Stock	23,710	$0⁽⁵⁾	23,710	D
Restricted Stock Units	⁽³⁾	02/15/2024		A		5,114		02/15/2027⁽⁶⁾	02/15/2027⁽⁶⁾	Common Stock	5,114	$0	5,114	D
Performance Units	⁽³⁾	02/15/2024		A		15,340		⁽⁷⁾	⁽⁷⁾	Common Stock	15,340	$0	15,340	D
Stock Option (Right to Buy)	$144.69							⁽⁸⁾	02/12/2025	Common Stock	130,000		130,000	D
Stock Option (Right to Buy)	$138.03							⁽⁸⁾	02/11/2026	Common Stock	135,000		135,000	D
Stock Option (Right to Buy)	$168.7							⁽⁸⁾	02/09/2027	Common Stock	135,000		135,000	D
Stock Option (Right to Buy)	$161.18							⁽⁸⁾	02/15/2028	Common Stock	92,288		92,288	D
Stock Option (Right to Buy)	$155.92							⁽⁸⁾	02/14/2029	Common Stock	83,059		83,059	D
Stock Option (Right to Buy)	$155.34							⁽⁸⁾	02/13/2030	Common Stock	83,059		83,059	D
Stock Option (Right to Buy)	$189.89							⁽⁸⁾	02/11/2031	Common Stock	40,687		40,687	D
Stock Option (Right to Buy)	$211.67							02/10/2023⁽⁴⁾	02/10/2032	Common Stock	32,286		32,286	D
Stock Option (Right to Buy)	$249.26							02/09/2024⁽⁴⁾	02/09/2033	Common Stock	24,295		24,295	D
Restricted Stock Units	⁽³⁾							02/10/2025⁽⁶⁾	02/10/2025⁽⁶⁾	Common Stock	5,519		5,519	D
Restricted Stock Units	⁽³⁾							02/09/2026⁽⁶⁾	02/09/2026⁽⁶⁾	Common Stock	5,549		5,549	D
Performance Units	⁽³⁾							⁽⁹⁾	⁽⁹⁾	Common Stock	16,558		16,558	D
Performance Units	⁽³⁾							⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	16,645		16,645	D
Deferred Stock Units	⁽³⁾							⁽¹¹⁾	⁽¹¹⁾	Common Stock	24,901.2535		24,901.2535	D

Explanation of Responses:

1. Based on Company performance during the 2021-2023 period, 200% of the performance units vested (as previously disclosed, the reporting person had the opportunity to earn up to 200% of the number originally reported, subject to plan limits).

2. Shares were withheld to cover tax withholding upon the vesting of performance units.

3. 1 for 1.

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

5. This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option.

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

7. 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.

8. Option fully vested.

9. 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.

10. 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.

11. Payment will be made in accordance with the reporting person's deferral election, death, disability or termination of employment.

	/s/ Ryan S. Lovitz under Power of Attorney for Nicholas T. Pinchuk	02/19/2024
	** 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 / NICHOLAS T PINCHUK ownership change