Snap-on Inc
For the period ended Dec 30, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
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Item 9B. Other Information
Executive Officer and Director Rule 10b5-1 Trading Arrangements
Historically, the company’s executive officers and directors have entered into Rule 10b5-1 trading arrangements periodically. Now, in accordance with the new disclosure requirement set forth in Item 408(a) of Regulation S-K, the following table discloses any officer (as defined in Rule 16a-1(f) under the Securities Exchange Act of 1934, as amended) or director who adopted a contract, instruction or written plan for the sale of securities of the company intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) during the quarterly period ended December 30, 2023:
| Name and Title | Type of Plan | Adoption Date* | Duration or End Date | Aggregate Number of Securities to be Sold | Description of Trading Arrangement |
|---|---|---|---|---|---|
| Nicholas T. PinchukChairman, President and Chief Executive Officer | Rule 10b5-1 trading arrangement | October 26, 2023 | December 11, 2024 | 130,000 | Exercises of vested stock options expiring in February 2025, and sales of shares to cover exercise price and estimated tax withholding |
| Aldo J. PagliariSenior Vice President - Finance and Chief Financial Officer | Rule 10b5-1 trading arrangement | October 24, 2023 | February 12, 2025 | 34,000 | Exercises of vested stock options expiring in February 2025, and sales of shares to cover exercise price and estimated tax withholding |
*Trading under the Rule 10b5-1 trading arrangement will not commence until after the applicable waiting period and the conclusion of each officer’s prior Rule 10b5-1 trading arrangement.
Other than as disclosed above, no other officer or director adopted, modified orterminated a contract, instruction or written plan for the purchase or sale of securities of the company intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or a non-Rule 10b5-1 trading arrangement.
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