Christopher A. O'Herlihy - 14 Feb 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
Issuer symbol
ITW
Transactions as of
14 Feb 2023
Net transactions value
-$611,550
Form type
4
Filing time
16 Feb 2023, 15:48:46 UTC
Previous filing
14 Feb 2023
Next filing
12 May 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 +5,799 +14% 45,871 14 Feb 2023 Direct F1, F2
transaction ITW Common Stock Tax liability $611,550 -2,569 -5.6% $238.05 43,302 14 Feb 2023 Direct
holding ITW Common Stock 1,834 14 Feb 2023 See Footnote F3

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 2/14/20) Options Exercise $0 -5,799 -100% $0.000000* 0 14 Feb 2023 Common Stock 5,799 Direct F2, 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 Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan as of February 14, 2023.
F4 PSUs vested and became payable on February 14, 2023.