Christopher A. O'herlihy - Feb 12, 2024 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
President & CEO, Director
Signature
/s/ Irene Song, Attorney-in-Fact for Christopher A. O'Herlihy
Stock symbol
ITW
Transactions as of
Feb 12, 2024
Transactions value $
-$1,500,570
Form type
4
Date filed
2/14/2024, 04:35 PM
Previous filing
Feb 13, 2024
Next filing
May 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITW Common Stock Options Exercise +13.2K +30.5% 56.5K Feb 12, 2024 Direct F1, F2
transaction ITW Common Stock Tax liability -$1.5M -5.85K -10.36% $256.42 50.7K Feb 12, 2024 Direct
holding ITW Common Stock 1.87K Feb 12, 2024 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 2/12/21) Options Exercise $0 -13.2K -100% $0.00* 0 Feb 12, 2024 Common Stock 13.2K 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 12, 2024.
F4 PSUs vested and became payable on February 12, 2024.