0001127602-24-005802.txt : 20240220 0001127602-24-005802.hdr.sgml : 20240220 20240220170805 ACCESSION NUMBER: 0001127602-24-005802 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240215 FILED AS OF DATE: 20240220 DATE AS OF CHANGE: 20240220 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PINCHUK NICHOLAS T CENTRAL INDEX KEY: 0001246136 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07724 FILM NUMBER: 24654721 MAIL ADDRESS: STREET 1: 280180TH STREET CITY: KENOSHA STATE: WI ZIP: 53143 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Snap-on Inc CENTRAL INDEX KEY: 0000091440 STANDARD INDUSTRIAL CLASSIFICATION: CUTLERY, HANDTOOLS & GENERAL HARDWARE [3420] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 390622040 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 BUSINESS ADDRESS: STREET 1: 2801 80TH STREET CITY: KENOSHA STATE: WI ZIP: 53143 BUSINESS PHONE: 2626565200 MAIL ADDRESS: STREET 1: 2801 80TH STREET CITY: KENOSHA STATE: WI ZIP: 53143 FORMER COMPANY: FORMER CONFORMED NAME: SNAP-ON Inc DATE OF NAME CHANGE: 20080918 FORMER COMPANY: FORMER CONFORMED NAME: SNAP ON INC DATE OF NAME CHANGE: 19940519 FORMER COMPANY: FORMER CONFORMED NAME: SNAP ON TOOLS CORP DATE OF NAME CHANGE: 19920703 4 1 form4.xml PRIMARY DOCUMENT X0508 4 2024-02-15 0000091440 Snap-on Inc SNA 0001246136 PINCHUK NICHOLAS T SNAP-ON INCORPORATED 2801 80TH STREET KENOSHA WI 53143 1 1 Chairman, President and CEO 0 Common Stock 2024-02-15 4 M 0 38066 A 750258.551 D Common Stock 2024-02-15 4 F 0 16863 269.00 D 733395.551 D Common Stock 826.5221 I By 401(k) Plan Performance Units 2024-02-15 4 A 0 19033 A Common Stock 19033 38066 D Performance Units 2024-02-15 4 M 0 38066 D Common Stock 38066 0 D Stock Option (Right to Buy) 269.00 2024-02-15 4 A 0 23710 0 A 2025-02-15 2034-02-15 Common Stock 23710 23710 D Restricted Stock Units 2024-02-15 4 A 0 5114 0 A 2027-02-15 2027-02-15 Common Stock 5114 5114 D Performance Units 2024-02-15 4 A 0 15340 0 A Common Stock 15340 15340 D Stock Option (Right to Buy) 144.69 2025-02-12 Common Stock 130000 130000 D Stock Option (Right to Buy) 138.03 2026-02-11 Common Stock 135000 135000 D Stock Option (Right to Buy) 168.70 2027-02-09 Common Stock 135000 135000 D Stock Option (Right to Buy) 161.18 2028-02-15 Common Stock 92288 92288 D Stock Option (Right to Buy) 155.92 2029-02-14 Common Stock 83059 83059 D Stock Option (Right to Buy) 155.34 2030-02-13 Common Stock 83059 83059 D Stock Option (Right to Buy) 189.89 2031-02-11 Common Stock 40687 40687 D Stock Option (Right to Buy) 211.67 2023-02-10 2032-02-10 Common Stock 32286 32286 D Stock Option (Right to Buy) 249.26 2024-02-09 2033-02-09 Common Stock 24295 24295 D Restricted Stock Units 2025-02-10 2025-02-10 Common Stock 5519 5519 D Restricted Stock Units 2026-02-09 2026-02-09 Common Stock 5549 5549 D Performance Units Common Stock 16558 16558 D Performance Units Common Stock 16645 16645 D Deferred Stock Units Common Stock 24901.2535 24901.2535 D 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). Shares were withheld to cover tax withholding upon the vesting of performance units. 1 for 1. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column. This transaction was an option grant. Accordingly, the reporting person did not pay a price to obtain the option. The restricted stock units vest three years from the grant date on the date listed above, assuming continued employment. 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. Option fully vested. 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. 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. 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 2024-02-19 EX-24 2 doc1.txt POWER OF ATTORNEY (PUBLIC): PINCHUK POA NOVEMBER 2018 POWER OF ATTORNEY Know all by these presents, that the undersigned hereby constitutes and appoints each of Richard T. Miller, Mary E. Bauerschmidt, Ryan S. Lovitz, Kenneth V. Hallett and Mitchell Lindstrom, signing singly, and with full power of substitution, as the undersigned?s true and lawful attorney-in -fact to: (1) execute for and on behalf of the undersigned, in the undersigned?s capacity as an officer and/or director of Snap-on Incorporated (the ?Company?), Forms 3, 4, and 5 in accordance with Section 16(a) of the Securities Exchange Act of 1934 and the rules thereunder (the ?Exchange Act?), Form 144 in accordance with Rule 144 under the Securities Act of 1933 (?Rule 144?) and any other forms or reports, including, but not limited to, a Form ID, that the undersigned may be required to file in connection with the undersigned?s ownership, acquisition or disposition of securities of the Company; (2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4 or 5, Form 144 or other form or report, complete and execute any amendment or amendments thereto and timely file such form or report with the Securities and Exchange Commission and any stock exchange or similar authority; and (3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney in fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney in fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney in fact may approve in such attorney in fact?s discretion. The undersigned hereby grants to each such attorney in fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary, or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney in fact, or such attorney in fact?s substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted.The undersigned acknowledges that the foregoing attorneys in fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned?s responsibilities to comply with Section 16 of the Exchange Act or Rule 144. This Power of Attorney revokes any previous Power of Attorney filed with the Company for the purposes set forth herein and shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4, and 5 with respect to the undersigned?s holdings of and transactions in securities issued by the Company, unless expressly revoked before that time. IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 8th day of November 2018. /s/ Nicholas T. Pinchuk Nicholas T. Pinchuk