Michael M. Larsen - 12 Feb 2024 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
12 Feb 2024
Net transactions value
-$1,391,335
Form type
4
Filing time
14 Feb 2024, 16:32:42 UTC
Previous filing
13 Feb 2024
Next filing
18 Mar 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 +12,247 +31% 51,830 12 Feb 2024 Direct F1, F2, F3
transaction ITW Common Stock Tax liability $1,391,335 -5,426 -10% $256.42 46,404 12 Feb 2024 Direct F3

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 2/12/21) Options Exercise $0 -12,247 -100% $0.000000* 0 12 Feb 2024 Common Stock 12,247 Direct F2, F4
* 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 performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
F3 Held jointly with spouse.
F4 PSUs vested and became payable on February 12, 2024.