Mary Katherine Lawler - 14 Feb 2023 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
Issuer symbol
ITW
Transactions as of
14 Feb 2023
Net transactions value
-$235,193
Form type
4
Filing time
16 Feb 2023, 15:47:30 UTC
Previous filing
14 Feb 2023
Next filing
13 Feb 2024
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 +2,452 +12% 22,908 14 Feb 2023 Direct F1, F2, F3
transaction ITW Common Stock Tax liability $235,193 -988 -4.3% $238.05 21,920 14 Feb 2023 Direct F3
holding ITW Common Stock 397 14 Feb 2023 See Footnote F4

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 2/14/20) Options Exercise $0 -2,452 -100% $0.000000* 0 14 Feb 2023 Common Stock 2,452 Direct F2, F5
* 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 Includes 1,599 shares acquired under a dividend reinvestment plan.
F4 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 14, 2023.
F5 PSUs vested and became payable on February 14, 2023.