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).
  
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Banerjee Anup R
(Last) (First) (Middle)
SNAP-ON INCORPORATED
2801-80TH STREET
(Street)
KENOSHA WI 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 & Chief Devel. Officer
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)
Code V Amount (A) or (D) Price
Common Stock 02/15/2024 M(1) 7,732 A (1) 14,853 D
Common Stock 02/15/2024 F(2) 3,433 D $269 11,420 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Units (3) 02/15/2024 A(1) 3,866 (1) (1) Common Stock 3,866 (1) 7,732 D
Performance Units (3) 02/15/2024 M(1) 7,732 (1) (1) Common Stock 7,732 (1) 0 D
Stock Option (Right to Buy) $269 02/15/2024 A 6,161 02/15/2025(4) 02/15/2034 Common Stock 6,161 $0(5) 6,161 D
Restricted Stock Units (3) 02/15/2024 A 1,329 02/15/2027(6) 02/15/2027(6) Common Stock 1,329 $0 1,329 D
Performance Units (3) 02/15/2024 A 2,658 (7) (7) Common Stock 2,658 $0 2,658 D
Stock Option (Right to Buy) $155.34 (8) 02/13/2030 Common Stock 20,250 20,250 D
Stock Option (Right to Buy) $189.89 (8) 02/11/2031 Common Stock 12,397 12,397 D
Stock Option (Right to Buy) $211.67 02/10/2023(4) 02/10/2032 Common Stock 9,337 9,337 D
Stock Option (Right to Buy) $249.26 02/09/2024(4) 02/09/2033 Common Stock 6,546 6,546 D
Restricted Stock Units (3) 02/10/2025(6) 02/10/2025(6) Common Stock 1,596 1,596 D
Restricted Stock Units (3) 02/09/2026(6) 02/09/2026(6) Common Stock 1,495 1,495 D
Performance Units (3) (9) (9) Common Stock 3,192 3,192 D
Performance Units (3) (10) (10) Common Stock 2,990 2,990 D
Deferred Stock Units (3) (11) (11) Common Stock 8,276.8209 8,276.8209 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. The 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 Anup R. Banerjee 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.
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