Form 4: Snap-on Inc. Executive June C. Lemerand Reports Stock Sales
SEC Form 4
June C. Lemerand, VP & Chief Information Officer of Snap-on Inc., reported the sale of company stock on August 26, 2024.
Summary
- June C. Lemerand, a VP & Chief Information Officer at Snap-on Inc., filed a Form 4 with the SEC.
- The form reports the sale of 986 shares of common stock at a price of $283.8319 per share on August 26, 2024.
- An additional 200 shares were sold at $284.64 per share on the same day.
- Following these transactions, Lemerand directly owns 2,282.8092 shares of Snap-on Inc.
- Lemerand also holds various stock options and restricted stock units.
- The filing also includes a power of attorney document, effective February 27, 2019, authorizing individuals to act on Lemerand's behalf for SEC filings related to Snap-on securities.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on the overall market reaction.
Key Dates
| Date | Description |
|---|---|
| 2019-02-27 | Date of Power of Attorney execution. |
| 2023-02-10 | Original stock option grant vests in three annual installments beginning on this date. |
| 2024-02-09 | Original stock option grant vests in three annual installments beginning on this date. |
| 2024-08-26 | Date of stock sale transactions. |
| 2025-02-10 | Restricted stock units vest three years from the grant date on this date, assuming continued employment. |
| 2025-02-15 | Original stock option grant vests in three annual installments beginning on this date. |
| 2026-02-09 | Restricted stock units vest three years from the grant date on this date, assuming continued employment. |
| 2027-02-15 | Restricted stock units vest three years from the grant date on this date, assuming continued employment. |
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