Christopher A. O'herlihy - Feb 14, 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 14, 2023
Transactions value $
-$611,550
Form type
4
Date filed
2/16/2023, 03:48 PM
Previous filing
Feb 14, 2023
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITW Common Stock Options Exercise +5.8K +14.47% 45.9K Feb 14, 2023 Direct F1, F2
transaction ITW Common Stock Tax liability -$612K -2.57K -5.6% $238.05 43.3K Feb 14, 2023 Direct
holding ITW Common Stock 1.83K Feb 14, 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 -5.8K -100% $0.00* 0 Feb 14, 2023 Common Stock 5.8K 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.