Michael M. Larsen - Mar 14, 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
Stock symbol: ITW
Transactions as of: Mar 14, 2024
Transactions value $: -$3,779,884
Form type: 4
Date filed: 3/18/2024, 04:16 PM
Previous filing: Feb 14, 2024
Next filing: Apr 10, 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	$6.07M	+37.2K	+80.09%	$163.36	83.6K	Mar 14, 2024	Direct
transaction	ITW	Common Stock	Sale	-$9.85M	-37.2K	-44.47%	$265.06	46.4K	Mar 14, 2024	Direct	F1

Showing 1 to 2 of 2 entries

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	-37.2K	-100%	$0.00^*	0	Mar 14, 2024	Common Stock	37.2K	$163.36	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 $264.92 to $265.48. 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.