Michael M. Larsen - 15 Feb 2022 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
SVP & CFO
Signature
/s/ Irene Song, Attorney-in-Fact for Michael M. Larsen
Issuer symbol
ITW
Transactions as of
15 Feb 2022
Net transactions value
-$555,063
Form type
4
Filing time
17 Feb 2022, 16:50:46 UTC
Previous filing
15 Feb 2022
Next filing
22 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 Options Exercise +5,701 +17% 39,128 15 Feb 2022 Direct F1, F2
transaction ITW Common Stock Tax liability $555,063 -2,526 -6.5% $219.74 36,602 15 Feb 2022 Direct

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 2/15/19) Options Exercise $0 -5,701 -100% $0.000000* 0 15 Feb 2022 Common Stock 5,701 Direct F2, F3
* 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 PSU represents a contingent right to receive one share of the Company's common stock.
F3 PSUs vested and became payable on February 15, 2022.