Miller Richard Thomas

VP/General Counsel Richard Thomas sold 3,728 shares ($1.3M) at SNA Dec 3-4; reduced holdings by 47.3%

Richard Thomas, VP General Counsel & Secretary, executed 4 separate sales totaling 3,728 shares for $1,292,184.50 at blended average price $346.62 across December 3–4, 2025, reducing his holdings from 7,886 shares to 4,158 shares (a 47.3% reduction). At the sale prices, the stock was trading near its recent range mid-point and within 6.4% of its 52-week high of $369.69. His prior two sales at SNA (October 2024) posted positive 90-day returns of 8.6% and 4.7%, meaning the stock rose after those sales—a pattern of poorly-timed exits from a timing perspective. Against flat annual revenue growth (+0.0% YoY) and a moderate P/E of 17.75, this large proportional liquidation by a senior executive warrants observation, particularly given the substantial dollar amount and the concentrated two-day execution window.

VP, Gen Counsel & Secretary sold 3,250 shares for $1,055,550.00 at SNA, reducing holdings by 50.3%

Richard Thomas Miller, VP, General Counsel & Secretary of Snap-on Inc, executed two separate sales totaling 3,250 shares (3.2K shares) for $1,055,550.00 ($1.1M) on October 17–18, 2024 at prices of $318.70 and $330.00 respectively, with a blended average of $324.78. This transaction reduced his post-transaction holdings to 3,217 shares (3.2K shares), a 50.3% reduction from his pre-transaction position of 6,467 shares (6.5K shares). The current price of $325.99 sits just 0.6% below the 52-week high of $327.79, and the stock has appreciated 15.1% over the past 30 days and 18.6% over the past 90 days. Snap-on's fundamentals remain solid with recent quarterly revenue of $1,247,400,000.00 ($1.2B), net income of $251,100,000.00 ($251.1M), annual revenue growth of 5.5%, and a P/E of 16.44. The substantial reduction in the senior executive's shareholding at near-peak valuation during a strong uptrend warrants investor attention to understand whether this reflects portfolio rebalancing, liquidity needs, or other considerations unrelated to company fundamentals.