Snap-on Management

Management criteria checks 3/4

Snap-on's CEO is Nicholas Pinchuk, appointed in Apr 2007, has a tenure of 17.58 years. total yearly compensation is $10.57M, comprised of 10.8% salary and 89.2% bonuses, including company stock and options. directly owns 1.45% of the company’s shares, worth $271.31M. The average tenure of the management team and the board of directors is 7.4 years and 15.1 years respectively.

Key information

Nicholas Pinchuk

Chief executive officer

US$10.6m

Total compensation

CEO salary percentage	10.8%
CEO tenure	17.6yrs
CEO ownership	1.4%
Management average tenure	7.4yrs
Board average tenure	15.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nicholas Pinchuk's remuneration changed compared to Snap-on's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 28 2024	n/a	n/a	US$1b
Jun 29 2024	n/a	n/a	US$1b
Mar 30 2024	n/a	n/a	US$1b
Dec 30 2023	US$11m	US$1m	US$1b
Sep 30 2023	n/a	n/a	US$995m
Jul 01 2023	n/a	n/a	US$976m
Apr 01 2023	n/a	n/a	US$943m
Dec 31 2022	US$9m	US$1m	US$912m
Oct 01 2022	n/a	n/a	US$897m
Jul 02 2022	n/a	n/a	US$869m
Apr 02 2022	n/a	n/a	US$845m
Jan 01 2022	US$10m	US$1m	US$821m
Oct 02 2021	n/a	n/a	US$806m
Jul 03 2021	n/a	n/a	US$789m
Apr 03 2021	n/a	n/a	US$682m
Jan 02 2021	US$8m	US$1m	US$627m
Sep 26 2020	n/a	n/a	US$589m
Jun 27 2020	n/a	n/a	US$574m
Mar 28 2020	n/a	n/a	US$653m
Dec 28 2019	US$8m	US$1m	US$694m
Sep 28 2019	n/a	n/a	US$698m
Jun 29 2019	n/a	n/a	US$697m
Mar 30 2019	n/a	n/a	US$695m
Dec 29 2018	US$9m	US$1m	US$680m
Sep 29 2018	n/a	n/a	US$634m
Jun 30 2018	n/a	n/a	US$605m
Mar 31 2018	n/a	n/a	US$579m
Dec 30 2017	US$10m	US$1m	US$558m

Compensation vs Market: Nicholas's total compensation ($USD10.57M) is above average for companies of similar size in the UK market ($USD5.74M).

Compensation vs Earnings: Nicholas's compensation has been consistent with company performance over the past year.

CEO

Nicholas Pinchuk (77 yo)

17.6yrs

Tenure

US$10,574,757

Compensation

Mr. Nicholas T. Pinchuk has been the Chief Executive Officer of Snap-on Incorporated since December 18, 2007 and serves as its President since April 2007. Mr. Pinchuk served as the President of Worldwide C...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nicholas Pinchuk	Chairman	17.6yrs	US$10.57m	1.45% $ 271.3m
Aldo Pagliari	Senior VP of Finance & CFO	14.7yrs	US$3.24m	0.19% $ 34.8m
Thomas Ward	Senior VP and President of Repair Systems & Information Group	19.8yrs	US$3.27m	0.10% $ 19.7m
Timothy Chambers	Senior VP & President of Snap-on Tools Group	5.8yrs	US$2.34m	0.033% $ 6.1m
Maria Vieira	Vice President of Operations & Commercial Group	2.8yrs	no data	no data
June Lemerand	VP & Chief Information Officer	7.4yrs	no data	0.0043% $ 815.6k
Sara Verbsky	Vice President of Investor Relations	6yrs	no data	no data
Richard Miller	VP, General Counsel & Secretary	6.8yrs	no data	0.0061% $ 1.1m
Samuel Bottum	Chief Marketing Officer & VP	8.7yrs	no data	no data
Mary Bauerschmidt	Senior Vice President of Human Resources	less than a year	no data	0.0079% $ 1.5m
Bradley Lewis	Executive Vice President of Business Operations	19.8yrs	no data	no data
Eugenio Amador	President of Equipment	no data	no data	no data

7.4yrs

Average Tenure

63yo

Average Age

Experienced Management: 0L7G's management team is seasoned and experienced (7.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Nicholas Pinchuk	Chairman	17.6yrs	US$10.57m	1.45% $ 271.3m
James Holden	Independent Lead Director	17.3yrs	US$393.54k	0.054% $ 10.1m
Donald Stebbins	Independent Director	9.8yrs	US$283.83k	0.027% $ 5.1m
Ruth Ann Gillis	Independent Director	10.3yrs	US$283.83k	0.019% $ 3.6m
Henry Knueppel	Independent Director	13.2yrs	US$298.19k	0.022% $ 4.1m
Nathan Jones	Independent Director	16.3yrs	US$368.03k	0.013% $ 2.4m
Gregg Sherrill	Independent Director	13.9yrs	US$306.26k	0.020% $ 3.8m
Karen Daniel	Independent Director	18.9yrs	US$389.39k	0.016% $ 3.1m
W. Lehman	Independent Director	21.5yrs	US$379.39k	0.022% $ 4.1m
David Adams	Independent Director	8.4yrs	US$283.83k	0.014% $ 2.5m

15.1yrs

Average Tenure

70.5yo

Average Age

Experienced Board: 0L7G's board of directors are seasoned and experienced ( 15.1 years average tenure).

Snap-on Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold US$2.2m worth of stock

Snap-on Incorporated, Annual General Meeting, Apr 25, 2024

Senior VP of Finance & CFO recently sold US$874k worth of stock

Insider recently sold US$130k worth of stock

Independent Director recently sold US$502k worth of stock

Independent Director recently sold US$90k worth of stock

Recent updates

Third quarter dividend increased to US$2.14

Snap-On Incorporated Declares Quarterly Common Stock Dividend, Payable on December 10, 2024

Now 20% undervalued

Third quarter 2024 earnings released: EPS: US$4.77 (vs US$4.60 in 3Q 2023)

Snap-on Incorporated to Report Q3, 2024 Results on Oct 17, 2024

Second quarter dividend of US$1.86 announced

Snap-On Incorporated Declares Quarterly Common Stock Dividend, Payable on September 10, 2024

Second quarter 2024 earnings released: EPS: US$5.15 (vs US$4.99 in 2Q 2023)

Snap-on Incorporated to Report Q2, 2024 Results on Jul 18, 2024

Insider recently sold US$2.2m worth of stock

Upcoming dividend of US$1.86 per share

First quarter dividend of US$1.86 announced

Snap-on Incorporated Declares Quarterly Common Stock Dividend, Payable on June 10, 2024

First quarter 2024 earnings released: EPS: US$4.99 (vs US$4.69 in 1Q 2023)

Now 21% undervalued

Snap-on Incorporated to Report Q1, 2024 Results on Apr 18, 2024

Snap-on Incorporated, Annual General Meeting, Apr 25, 2024

Now 21% undervalued

Senior VP of Finance & CFO recently sold US$874k worth of stock

Fourth quarter dividend of US$1.86 announced

Snap-on Incorporated Declares Quarterly Common Stock Dividend, Payable on March 11, 2024

Full year 2023 earnings released: EPS: US$19.11 (vs US$17.14 in FY 2022)

Snap-on Incorporated to Report Q4, 2023 Results on Feb 08, 2024

Now 20% undervalued

Upcoming dividend of US$1.86 per share at 2.4% yield

Snap-on Incorporated (NYSE:SNA) acquired Mountz, Inc. for approximately $40 million.

Snap-on Incorporated Raises Quarterly Dividend, Payable on December 11, 2023

Third quarter 2023 earnings released: EPS: US$4.60 (vs US$4.21 in 3Q 2022)

Now 20% undervalued after recent price drop

Snap-on Incorporated to Report Q3, 2023 Results on Oct 19, 2023

Now 21% undervalued after recent price drop

Now 21% undervalued

Upcoming dividend of US$1.62 per share at 2.4% yield

Snap-on Incorporated Declares Quarterly Dividend, Payable on September 11, 2023

Second quarter 2023 earnings released: EPS: US$4.98 (vs US$4.34 in 2Q 2022)

Snap-on Incorporated to Report Q2, 2023 Results on Jul 20, 2023

Upcoming dividend of US$1.62 per share at 2.5% yield

Insider recently sold US$130k worth of stock

First quarter 2023 earnings released: EPS: US$4.69 (vs US$4.07 in 1Q 2022)

Independent Director recently sold US$502k worth of stock

Upcoming dividend of US$1.62 per share at 2.6% yield

Independent Director recently sold US$90k worth of stock

Snap-on Incorporated Declares Quarterly Dividend, Payable on March 10, 2023

Full year 2022 earnings released: EPS: US$17.14 (vs US$15.22 in FY 2021)

Snap-on Incorporated to Report Q4, 2022 Results on Feb 02, 2023

Insufficient new directors

Upcoming dividend of US$1.62 per share

Snap-On Incorporated Declares Quarterly Dividend, Payable on December 9, 2022

Third quarter 2022 earnings released: EPS: US$4.21 (vs US$3.65 in 3Q 2021)

Snap-on Incorporated to Report Q3, 2022 Results on Oct 20, 2022

Upcoming dividend of US$1.42 per share

Snap-On Incorporated Declares Quarterly Dividend, Payable September 9, 2022

Second quarter 2022 earnings released: EPS: US$4.34 (vs US$3.85 in 2Q 2021)

Snap-on Incorporated to Report Q2, 2022 Results on Jul 21, 2022

Upcoming dividend of US$1.42 per share

Insufficient new directors

First quarter 2022 earnings released: EPS: US$4.07 (vs US$3.56 in 1Q 2021)

Snap-on Incorporated to Report Q1, 2022 Results on Apr 21, 2022

Upcoming dividend of US$1.42 per share

Independent Director recently sold US$81k worth of stock

Snap-On Incorporated Declares Quarterly Dividend, Payable on March 10, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Independent Director recently sold US$482k worth of stock

Upcoming dividend of US$1.42 per share

Third quarter 2021 earnings released: EPS US$3.65 (vs US$3.31 in 3Q 2020)

Insufficient new directors

Independent Director recently sold US$716k worth of stock

Upcoming dividend of US$1.23 per share

Second quarter 2021 earnings released: EPS US$3.85 (vs US$1.86 in 2Q 2020)