Mary Katherine Lawler - 13 Feb 2025 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
13 Feb 2025
Net transactions value
-$210,153
Form type
4
Filing time
18 Feb 2025, 16:29:59 UTC
Previous filing
08 Nov 2024
Next filing
03 Nov 2025
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 +2,712 +10% 28,873 13 Feb 2025 Direct F1, F2, F3
transaction ITW Common Stock Tax liability $210,153 -808 -2.8% $260.09 28,065 13 Feb 2025 Direct
holding ITW Common Stock 462 13 Feb 2025 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 2/11/22) Options Exercise $0 -2,712 -100% $0.000000 0 13 Feb 2025 Common Stock 2,712 Direct F2, F5
transaction ITW Employee Stock Option Award $0 +12,505 $0.000000 12,505 14 Feb 2025 Common Stock 12,505 $258.11 Direct F6
* 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 2,692 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 13, 2025.
F5 PSUs vested and became payable on February 13, 2025.
F6 Options vest in four (4) equal annual installments beginning one year from date of grant.