Nicholas T. Pinchuk, Chairman, President and CEO of Snap-on Incorporated (NYSE:SNA), filed a Form 4 on August 19, 2026, reporting the exercise of 33,750 stock options and the sale of 22,889 shares of common stock on August 18, 2026, pursuant to a Rule 10b5-1 plan adopted on November 3, 2025.

Key Highlights

  • Option exercise: Pinchuk exercised 33,750 stock options at an exercise price of $168.70 per share on August 18, 2026.
  • Shares sold: A total of 22,889 shares were disposed of across five tranches at weighted average prices ranging from $397.5012 to $401.925 per share.
  • Post-transaction ownership: Following all reported transactions, Pinchuk directly held 867,778.9587 shares, with an additional 875.0682 shares held indirectly through a 401(k) plan.
  • Rule 10b5-1 plan: All transactions were executed pursuant to a Rule 10b5-1 plan adopted on November 3, 2025.
  • Remaining derivative holdings: Pinchuk retains stock options across multiple grant dates with exercise prices from $155.34 to $378.55, plus restricted stock units, performance units, and deferred stock units.
  • Performance units: Target performance units covering the 2024-2026, 2025-2027, and 2026-2028 periods total 42,161 units, each with a maximum payout of 200% of the target, subject to plan limits.

Snap-on CEO's August 2026 Option Exercise and Share Sales Under 10b5-1 Plan

According to the filing, Pinchuk exercised 33,750 fully vested stock options at an exercise price of $168.70 per share on August 18, 2026. The filing states the exercise and subsequent share sales were conducted pursuant to a Rule 10b5-1 plan adopted on November 3, 2025. The filing notes that "a portion of the underlying shares were sold to cover the exercise price and estimated tax liability."

The five sale tranches, as reported in the filing, consisted of 600 shares at a weighted average price of $397.5012, 7,475 shares at $399.0133, 9,720 shares at $399.6002, 3,454 shares at $400.7276, and 1,640 shares at $401.925. Each tranche was executed in multiple trades, and the filing states that the prices reported reflect weighted averages. For each tranche, the filing discloses the underlying price ranges: from a low of $397.12 to a high of $402.21 across all transactions. The filing notes that full pricing detail is available upon request to the SEC staff, the issuer, or a security holder.

Following all reported transactions, Pinchuk's direct beneficial ownership stood at 867,778.9587 shares of common stock, with 875.0682 shares held indirectly through a 401(k) plan, based on a plan statement dated June 30, 2026, according to the filing. Pinchuk also retains a substantial portfolio of derivative securities, including stock options with expiration dates ranging from February 9, 2027 through February 12, 2036, three tranches of restricted stock units vesting in 2027, 2028, and 2029, three performance unit awards tied to company goal achievement over multi-year periods, and deferred stock units payable in accordance with the reporting person's deferral election, death, disability, or termination of employment.

What Was Disclosed

The filing reported a stock option exercise of 33,750 shares and the sale of 22,889 shares of Snap-on common stock by Chairman, President and CEO Nicholas T. Pinchuk on August 18, 2026, all conducted under a pre-established Rule 10b5-1 trading plan.