RANDALL J. SCHEUNEMAN - 12 Jun 2023 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
VP & Chief Accounting Officer
Signature
/s/ Irene Song, Attorney-in-Fact for Randall J. Scheuneman
Issuer symbol
ITW
Transactions as of
12 Jun 2023
Net transactions value
-$764,762
Form type
4
Filing time
14 Jun 2023, 16:19:50 UTC
Previous filing
16 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 $533,060 +5,425 +61% $98.26 14,295 12 Jun 2023 Direct
transaction ITW Common Stock Sale $1,297,823 -5,425 -38% $239.23 8,870 12 Jun 2023 Direct F1

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 -5,425 -100% $0.000000* 0 12 Jun 2023 Common Stock 5,425 $98.26 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed at multiple prices ranging from $239.14 to $239.31. 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.
F2 Options vested in four (4) equal annual installments beginning one year from date of grant.