Michael M. Larsen - 13 Feb 2025 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
13 Feb 2025
Transactions value $
-$580,261
Form type
4
Filing time
18 Feb 2025, 16:29:03 UTC
Previous filing
10 Apr 2024
Next filing
11 Mar 2025
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 +6.33K +13.64% 52.7K 13 Feb 2025 Direct F1, F2
transaction ITW Common Stock Tax liability -$580K -2.23K -4.23% $260.09 50.5K 13 Feb 2025 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 2/11/22) Options Exercise $0 -6.33K -100% $0.00 0 13 Feb 2025 Common Stock 6.33K Direct F2, F3
transaction ITW Employee Stock Option Award $0 +28.8K $0.00 28.8K 14 Feb 2025 Common Stock 28.8K $258.11 Direct 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 PSUs vested and became payable on February 13, 2025.
F4 Options vest in four (4) equal annual installments beginning one year from date of grant.