Mary K. Lawler - Feb 15, 2022 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
SVP & Chief HR Officer
Signature
/s/ Irene Song, Attorney-in-Fact for Mary K. Lawler
Stock symbol
ITW
Transactions as of
Feb 15, 2022
Transactions value $
-$257,975
Form type
4
Date filed
2/17/2022, 04:57 PM
Previous filing
Feb 15, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITW Common Stock Options Exercise +2.65K +14.35% 21.1K Feb 15, 2022 Direct F1, F2
transaction ITW Common Stock Tax liability -$258K -1.17K -5.56% $219.74 19.9K Feb 15, 2022 Direct
holding ITW Common Stock 357 Feb 15, 2022 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 Performance Share Units (granted 2/15/19) Options Exercise $0 -2.65K -100% $0.00* 0 Feb 15, 2022 Common Stock 2.65K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common stock acquired upon vesting of Performance Share Units (PSUs) and accrued dividends thereon, following certification of performance metrics.
F2 Each performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
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 February 10, 2022.
F4 PSUs vested and became payable on February 15, 2022.