Michael M. Larsen - Feb 13, 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
Stock symbol: ITW
Transactions as of: Feb 13, 2025
Transactions value $: -$580,261
Form type: 4
Date filed: 2/18/2025, 04:29 PM
Previous filing: Apr 10, 2024
Next filing: Mar 11, 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	Feb 13, 2025	Direct	F1, F2
transaction	ITW	Common Stock	Tax liability	-$580K	-2.23K	-4.23%	$260.09	50.5K	Feb 13, 2025	Direct

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	Performance Share Units (granted 2/11/22)	Options Exercise	$0	-6.33K	-100%	$0.00	0	Feb 13, 2025	Common Stock	6.33K		Direct	F2, F3
transaction	ITW	Employee Stock Option	Award	$0	+28.8K		$0.00	28.8K	Feb 14, 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.