Snap-On announces $500M share repurchase authorization

Snap-on (SNA) announced that its board of directors authorized a share repurchase program of up to $500 million of common stock, replacing the current share repurchase program under which, as of the end of the first quarter of 2026, approximately $230 million of authorization remained. An additional previously approved share repurchase program, which allows the repurchase of up to the number of shares issued under the company’s various equity plans, remains in place. Shares may be repurchased from time to time in the open market or through privately negotiated transactions, subject to market conditions, legal requirements and other considerations.