June C Lemerand Form 4 Snap-on / June C Lemerand 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^*

Lemerand June C

(Last)

(First)

(Middle)

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)
VP & Chief Information Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2023

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	02/09/2023		M⁽¹⁾		736	A	⁽¹⁾	2,178.3315⁽²⁾	D
Common Stock	02/09/2023		F⁽³⁾		263	D	$249.26	1,915.3315	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)
Performance Units	⁽⁴⁾	02/09/2023		A⁽¹⁾		250		⁽¹⁾	⁽¹⁾	Common Stock	250	⁽¹⁾	736	D
Performance Units	⁽⁴⁾	02/09/2023		M⁽¹⁾			736	⁽¹⁾	⁽¹⁾	Common Stock	736	⁽¹⁾	0	D
Stock Option (Right to Buy)	$249.26	02/09/2023		A		2,433		02/09/2024⁽⁵⁾	02/09/2033	Common Stock	2,433	$0⁽⁶⁾	2,433	D
Restricted Stock Units	⁽⁴⁾	02/09/2023		A		556		02/09/2026⁽⁷⁾	02/09/2026⁽⁷⁾	Common Stock	556	$0	556	D
Performance Units	⁽⁴⁾	02/09/2023		A		1,111		⁽⁸⁾	⁽⁸⁾	Common Stock	1,111	$0	1,111	D
Stock Option (Right to Buy)	$144.69							⁽⁹⁾	02/12/2025	Common Stock	1,620		1,620	D
Stock Option (Right to Buy)	$168.7							⁽⁹⁾	02/09/2027	Common Stock	2,200		2,200	D
Stock Option (Right to Buy)	$161.18							⁽⁹⁾	02/15/2028	Common Stock	2,906		2,906	D
Stock Option (Right to Buy)	$155.92							⁽⁹⁾	02/14/2029	Common Stock	3,600		3,600	D
Stock Option (Right to Buy)	$155.34							02/13/2021⁽⁵⁾	02/13/2030	Common Stock	4,000		4,000	D
Stock Option (Right to Buy)	$189.89							02/11/2022⁽⁵⁾	02/11/2031	Common Stock	2,856		2,856	D
Stock Option (Right to Buy)	$211.67							02/10/2023⁽⁵⁾	02/10/2032	Common Stock	2,941		2,941	D
Restricted Stock Units	⁽⁴⁾							02/11/2024⁽⁷⁾	02/11/2024⁽⁷⁾	Common Stock	445		445	D
Restricted Stock Units	⁽⁴⁾							02/10/2025⁽⁷⁾	02/10/2025⁽⁷⁾	Common Stock	502		502	D
Performance Units	⁽⁴⁾							⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	891		891	D
Performance Units	⁽⁴⁾							⁽¹¹⁾	⁽¹¹⁾	Common Stock	1,006		1,006	D

Explanation of Responses:

1. Based on Company performance during the 2020-2022 period, approximately 151.4% 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. Includes 12.1267 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 22.5557 share acquired under a dividend reinvestment plan.

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

4. 1 for 1.

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

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

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

8. 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.

9. Option fully vested.

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.

	/s/ Ryan S. Lovitz under Power of Attorney for June C. Lemerand	02/10/2023
	** 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.

June C Lemerand Form 4Snap-on / June C Lemerand ownership change