Michael M. Larsen - 14 Mar 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
14 Mar 2024
Net transactions value
-$3,779,884
Form type
4
Filing time
18 Mar 2024, 16:16:25 UTC
Previous filing
14 Feb 2024
Next filing
10 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITW Common Stock Options Exercise $6,071,601 +37,167 +80% $163.36 83,571 14 Mar 2024 Direct
transaction ITW Common Stock Sale $9,851,485 -37,167 -44% $265.06 46,404 14 Mar 2024 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 -37,167 -100% $0.000000* 0 14 Mar 2024 Common Stock 37,167 $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.