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Form 4 Snap-on Inc For: Aug 16 Filed by: Chambers Timothy L

August 17, 2022 5:50 PM EDT

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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 *
Chambers Timothy L

(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 & Pres - Tools
3. Date of Earliest Transaction (Month/Day/Year)
08/16/2022
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 08/16/2022   M   6,500 A $ 79.04 18,122.057 (1) D  
Common Stock 08/16/2022   F (2)   4,222 D $ 233.35 13,900.057 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
Stock Option (Right to Buy) $ 79.04 08/16/2022   M     6,500   (3) 02/13/2023 Common Stock 6,500 (4) 0 D  
Stock Option (Right to Buy) $ 109.43               (3) 02/13/2024 Common Stock 7,000   7,000 D  
Stock Option (Right to Buy) $ 144.69               (3) 02/12/2025 Common Stock 7,000   7,000 D  
Stock Option (Right to Buy) $ 138.03               (3) 02/11/2026 Common Stock 8,000   8,000 D  
Stock Option (Right to Buy) $ 168.7               (3) 02/09/2027 Common Stock 9,500   9,500 D  
Stock Option (Right to Buy) $ 161.18               (3) 02/15/2028 Common Stock 7,594   7,594 D  
Stock Option (Right to Buy) $ 155.92               (3) 02/14/2029 Common Stock 12,000   12,000 D  
Stock Option (Right to Buy) $ 155.34             02/13/2021 (5) 02/13/2030 Common Stock 13,500   13,500 D  
Stock Option (Right to Buy) $ 189.89             02/11/2022 (5) 02/11/2031 Common Stock 9,672   9,672 D  
Stock Option (Right to Buy) $ 211.67             02/10/2023 (5) 02/10/2032 Common Stock 8,003   8,003 D  
Restricted Stock Units (6)             02/11/2024 (7) 02/11/2024 (7) Common Stock 1,508   1,508 D  
Restricted Stock Units (6)             02/10/2025 (7) 02/10/2025 (7) Common Stock 1,368   1,368 D  
Performance Units (6)               (8)   (8) Common Stock 1,671   1,671 D  
Performance Units (6)               (9)   (9) Common Stock 3,016   3,016 D  
Performance Units (6)               (10)   (10) Common Stock 2,736   2,736 D  
Explanation of Responses:
1. Includes 25.5838 shares acquired under the Snap-on Incorporated Employee Stock Ownership Plan and 5.259 shares acquired under a dividend reinvestment plan.
2. Shares were withheld to cover the exercise price of the stock option and estimated tax withholding.
3. Option fully vested.
4. Exercise of Rule 16b-3 stock option.
5. Original stock option grant vests in three annual installments beginning on the date listed in the "Date Exercisable" column.
6. 1 for 1.
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 2020-2022 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. 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.
10. 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 Timothy L. Chambers 08/16/2022
** 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.
POWER OF ATTORNEY

Know all by these presents, that the undersigned hereby constitutes and
appoints each of Richard T. Miller, Mary E. Bauerschmidt, Kenneth V. Hallett,
Mitchell Lindstrom and Ryan S. Lovitz, 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 15th day of February 2019.

/s/ Timothy L. Chambers
Timothy L. Chambers



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