ILLINOIS TOOL WORKS INC — Director's Dealing 2021

Feb 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2021-02-15

Reporting Person: Finch Norman D. Jr. (Sr. VP, General Counsel & Secy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-15	Common Stock	M	1295	—	Acquired	11671	Direct
2021-02-15	Common Stock	F	380	$200.98	Disposed	11291	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-15	Performance Share Units (granted 2/15/18)	$	M	1295	Disposed		Common Stock (1295.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	615	Indirect

Footnotes

F1: Common stock acquired upon vesting of Performance Share Units (PSUs) and accrued dividends thereon, following certification of performance metrics.

F2: Each PSU represents a contingent right to receive one share of the Company's common stock.

F3: Includes 364 shares acquired under a dividend reinvestment plan.

F4: Shares of common stock held in spouse's IRA.

F5: PSUs vested and became payable on February 15, 2021.