Snead last won on the Senior Tour at the 1995 Senior Players Championship. He established a record for most time between Senior Tour victories for a player - six years, 11 months and seven days.
'I won the Players Championship in '95 and had a chance to win the money title. Then I had a motorcycle accident and was out the rest of the year,' said Snead. 'It still bothers me yet. I was playing really well that year. I'm sorry I haven't won more.'
He posted a final-round 70 to finish the tournament at 13-under-par 203. He won by a shot over Bobby Wadkins, Doug Tewell and John Mahaffey, all of whom seemed to have their chances to reach 13-under par over the closing holes.
Snead was tied with Rodger Davis at 13-under when they and Mahaffey reached the par-five closing hole at Hayfields Country Club. Davis drove well left into a hazard but somehow left himself with a makeable par putt.
Snead left himself with a wedge approach shot but, for the second consecutive day, received a bad yardage from his caddy and rocketed the ball into a back bunker.
'I got the wrong yardage again at No. 18,' said Snead, who took home $217,500 for the win. 'I wanted to make sure I didn't come up short and I went in the bunker again.'
Snead blasted out of the bunker to 10 feet but had to watch as his playing partners all had putts that would impact the outcome of the tournament. Davis missed his par-saving putt and Mahaffey's 20-footer for birdie to tie Snead didn't drop.
Snead drained the putt and then dropped the putter in excitement for his fourth win on the elder circuit.
'The problem I had with the last putt was I didn't know where it was going,' said Snead, who at 61 years, eight months and nine days is the third-oldest winner on the Senior Tour. 'I just tried to play inside right. It was an absolutely perfect speed for that putt.'
Snead dedicated the victory to his uncle Sam Snead, the golf legend who passed away last month.
'I thought about it this week that it would be nice if I won for Sam,' said Snead. 'He watched the Senior Tour every week.'
The contenders stumbled home Sunday. Tewell nearly made birdie at 18 but the putt missed by a foot and then his par save never hit the hole. That gave him a bogey and cost him a chance at a potential playoff.
Tewell carded a final-round 67 while Wadkins shot a 66. Mahaffey posted a two- under 70.
Bob Charles received a two-stroke penalty at the 14th hole when he brushed sand away from the area around his ball while it sat on the fringe. Players are allowed to move loose items from the green, but not from any other part of the course.
Charles finished in the tie for fifth at 11-under par, two strokes behind Snead.
'I guess I was unaware of that rule, or didn't think of that rule at the time,' he said. 'The rules will trip you up. They've tripped everyone up at some point.'
Davis missed his short bogey save at 18 to finish in fifth alongside Charles, Wayne Levi, Bruce Fleisher and Jim Ahern.