Susan Crown - May 5, 2023 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
Director
Signature
/s/ Susan Crown
Stock symbol
ITW
Transactions as of
May 5, 2023
Transactions value $
$184,939
Form type
4
Date filed
5/8/2023, 01:15 PM
Previous filing
Apr 27, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITW Common Stock Award $185K +803 +1.47% $230.31 55.3K May 5, 2023 Direct F1
holding ITW Common Stock 4K May 5, 2023 See ftn. F2
holding ITW Common Stock 4K May 5, 2023 See ftn. F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ITW Phantom Stock Units 6.79K May 5, 2023 Common Stock 6.79K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 17,640.21 shares of deferred stock under the ITW Director's Deferred Fee Plan as of May 5, 2023.
F2 Owned by trusts of which Reporting Person's children are beneficiaries.
F3 Owned by Reporting Person's spouse.
F4 Represents units of phantom stock held by the Reporting Person as of May 5, 2023 under the Phantom Stock Plan for non-officer directors. Each unit is equal in value to one share of common stock. The units are nontransferrable and have no voting rights. Additional units are credited in amounts equivalent in cash dividends paid on the common stock reported as of May 5, 2023.

Remarks:

The Reporting Person disclaims ownership of the shares described in Footnotes 2 and 3 except to the extent of her pecuniary interest.