Christopher A. O'herlihy - Feb 3, 2023 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Signature
/s/ Irene Song, Attorney-in-Fact for Christopher A. O'Herlihy
Stock symbol
ITW
Transactions as of
Feb 3, 2023
Transactions value $
-$9,139,549
Form type
4
Date filed
2/7/2023, 03:53 PM
Previous filing
May 16, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITW Common Stock Options Exercise $2.23M +22.7K +56.59% $98.26 62.7K Feb 3, 2023 Direct
transaction ITW Common Stock Options Exercise $3.44M +37.5K +59.7% $91.88 100K Feb 3, 2023 Direct
transaction ITW Common Stock Sale -$6.09M -24.8K -24.76% $245.36 75.4K Feb 3, 2023 Direct F1
transaction ITW Common Stock Sale -$5.46M -22.2K -29.39% $246.22 53.2K Feb 3, 2023 Direct F2
transaction ITW Common Stock Sale -$1.08M -4.36K -8.19% $247.18 48.9K Feb 3, 2023 Direct F3
transaction ITW Common Stock Sale -$1.45M -5.83K -11.94% $248.13 43K Feb 3, 2023 Direct F4
transaction ITW Common Stock Sale -$740K -2.97K -6.9% $249.14 40.1K Feb 3, 2023 Direct F5
holding ITW Common Stock 1.83K Feb 3, 2023 See Footnote F6

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 -37.5K -100% $0.00* 0 Feb 3, 2023 Common Stock 37.5K $91.88 Direct F7
transaction ITW Employee Stock Option Options Exercise $0 -22.7K -100% $0.00* 0 Feb 3, 2023 Common Stock 22.7K $98.26 Direct F7
* 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 $244.79 to $245.78. 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 This transaction was executed at multiple prices ranging from $245.79 to $246.77. 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.
F3 This transaction was executed at multiple prices ranging from $246.80 to $247.79. 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.
F4 This transaction was executed at multiple prices ranging from $247.80 to $248.79. 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.
F5 This transaction was executed at multiple prices ranging from $248.80 to $249.77. 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.
F6 Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan as of February 3, 2023.
F7 Options vested in four (4) equal annual installments beginning one year from date of grant.