David B. Smith Jr. - 10 Dec 2021 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role: Director
Signature: /s/ Jennifer K. Schott, Attorney-in-Fact for David Byron Smith, Jr.
Issuer symbol: ITW
Transactions as of: 10 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 14 Dec 2021, 16:07:00 UTC
Previous filing: 09 Nov 2021
Next filing: 02 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ITW	Common Stock	Other	$0	+255,900		$0.000000	255,900	10 Dec 2021	Trust	F1
holding	ITW	Common Stock						117,489	10 Dec 2021	Direct	F2
holding	ITW	Common Stock						15,517	10 Dec 2021	Trusts	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Shares acquired pursuant to a distribution from a family limited partnership to a trust in which the reporting person shares voting and investment power.
F2	Includes 94,000 shares owned directly by the reporting person with his spouse.
F3	Shares held in various trusts of which the reporting person has a pecuniary interest and is a co-trustee with his spouse.

Remarks:

Exhibit 24. Power of Attorney