Mary K. Lawler - Feb 28, 2024 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 28, 2024
Transactions value $
-$1,565,357
Form type
4
Date filed
3/1/2024, 04:11 PM
Previous filing
Feb 14, 2024
Next filing
Nov 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITW Common Stock Options Exercise $1.49M +11.6K +45.56% $128.00 37.2K Feb 28, 2024 Direct F1
transaction ITW Common Stock Sale -$3.06M -11.6K -31.3% $262.40 25.6K Feb 28, 2024 Direct F2
holding ITW Common Stock 427 Feb 28, 2024 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 -11.6K -50% $0.00 11.6K Feb 28, 2024 Common Stock 11.6K $128.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 2,092 shares acquired under a dividend reinvestment plan.
F2 This transaction was executed at multiple prices ranging from $262.37 to $262.55. 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 February 28, 2024.
F4 Options vested in four (4) equal annual installments beginning one year from date of grant.