Mary K. Lawler - Nov 11, 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
Stock symbol
ITW
Transactions as of
Nov 11, 2021
Transactions value $
-$2,623,471
Form type
4
Date filed
11/15/2021, 03:44 PM
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITW Common Stock Options Exercise $1.91M +19.4K +105.76% $98.26 37.8K Nov 11, 2021 Direct F1
transaction ITW Common Stock Sale -$4.53M -19.4K -51.4% $233.24 18.4K Nov 11, 2021 Direct F1, F2
holding ITW Common Stock 351 Nov 11, 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 -19.4K -100% $0.00* 0 Nov 11, 2021 Common Stock 19.4K $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