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

Role: Vice Chairman
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
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	$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

Showing 1 to 8 of 8 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	-37.5K	-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.