Michael M. Larsen - 14 Nov 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
14 Nov 2022
Transactions value $
-$5,125,312
Form type
4
Filing time
16 Nov 2022, 15:07:41 UTC
Previous filing
13 Apr 2022
Next filing
14 Feb 2023
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 $6.56M +51.2K +140.01% $128.00 87.9K 14 Nov 2022 Direct
transaction ITW Common Stock Sale -$11.7M -51.2K -58.34% $228.01 36.6K 14 Nov 2022 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 -51.2K -100% $0.00* 0 14 Nov 2022 Common Stock 51.2K $128.00 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 $228 to $228.21. 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.