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ILLINOIS TOOL WORKS INC — Director's Dealing 2024
Feb 14, 2024
29921_dirs_2024-02-14_e39d5d84-994b-44fe-9e0b-4b77856646c4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ILLINOIS TOOL WORKS INC (ITW)
CIK: 0000049826
Period of Report: 2024-02-12
Reporting Person: SANTI ERNEST SCOTT (Director, Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-12 | Common Stock | M | 45676 | $128 | Acquired | 266691 | Direct |
| 2024-02-12 | Common Stock | S | 12002 | $255.16 | Disposed | 254689 | Direct |
| 2024-02-12 | Common Stock | S | 22232 | $256.26 | Disposed | 232457 | Direct |
| 2024-02-12 | Common Stock | S | 11442 | $256.86 | Disposed | 221015 | Direct |
| 2024-02-12 | Common Stock | M | 47271 | — | Acquired | 268286 | Direct |
| 2024-02-12 | Common Stock | F | 20942 | $256.42 | Disposed | 247344 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-12 | Employee Stock Option | $128 | M | 45676 | Disposed | 2027-02-10 | Common Stock (45676) | Direct |
| 2024-02-12 | Performance Share Units (granted 2/12/21) | $ | M | 47271 | Disposed | Common Stock (47271) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4249 | Indirect |
Footnotes
F1: This transaction was executed at multiple prices ranging from $254.61 to $255.60. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
F2: This transaction was executed at multiple prices ranging from $255.61 to $256.60. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
F3: This transaction was executed at multiple prices ranging from $256.61 to $257.23. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
F4: Common stock acquired upon vesting of Performance Share Units (PSUs) and accrued dividends thereon, following certification of performance metrics.
F5: Each performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
F6: Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan as of February 12, 2024.
F7: Options vested in four (4) equal annual installments beginning one year from date of grant.
F8: PSUs vested and became payable on February 12, 2024.