Mary Katherine Lawler - 11 Nov 2021 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
SVP & Chief HR Officer
Signature
/s/ Jennifer K. Schott, Attorney-in-Fact for Mary K. Lawler
Issuer symbol
ITW
Transactions as of
11 Nov 2021
Net transactions value
-$2,623,471
Form type
4
Filing time
15 Nov 2021, 15:44:42 UTC
Next filing
15 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITW Common Stock Options Exercise $1,909,781 +19,436 +106% $98.26 37,813 11 Nov 2021 Direct F1
transaction ITW Common Stock Sale $4,533,253 -19,436 -51% $233.24 18,377 11 Nov 2021 Direct F1, F2
holding ITW Common Stock 351 11 Nov 2021 See Footnote 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
transaction ITW Employee Stock Option Options Exercise $0 -19,436 -100% $0.000000* 0 11 Nov 2021 Common Stock 19,436 $98.26 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 996 shares acquired under a dividend reinvestment plan.
F2 This transaction was executed at multiple prices ranging from $233.19 to $233.25. 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 Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan. Information reported as of November 11, 2021.
F4 Options vested in four (4) equal annual installments beginning one year from date of grant.

Remarks:

Exhibit 24 Power of Attorney