DAVID BYRON SMITH JR - 04 Feb 2022 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role: Director
Signature: /s/ Irene Song, Attorney-in-Fact for David Byron Smith, Jr.
Issuer symbol: ITW
Transactions as of: 04 Feb 2022
Net transactions value: +$37,314
Form type: 4
Filing time: 08 Feb 2022, 16:30:03 UTC
Previous filing: 02 Feb 2022
Next filing: 28 Apr 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	Award	$37,314	+163	+0.14%	$228.92	117,652	04 Feb 2022	Direct	F1, F2
holding	ITW	Common Stock						255,900	04 Feb 2022	Trust	F3
holding	ITW	Common Stock						15,517	04 Feb 2022	Trusts	F4

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

Explanation of Responses:

Id	Content
F1	Shares of common stock acquired pursuant to the Illinois Tool Works Inc. 2015 Long Term Incentive Plan representing quarterly director fees.
F2	Includes 94,000 shares owned directly by the reporting person with his spouse.
F3	Shares held in a trust in which the reporting person shares voting and investment power.
F4	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