Michael R. Zimmerman - 15 Feb 2022 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
Executive Vice President
Signature
/s/ Irene Song, Attorney-in-Fact for Michael Zimmerman
Issuer symbol
ITW
Transactions as of
15 Feb 2022
Net transactions value
-$196,887
Form type
4
Filing time
17 Feb 2022, 17:13:51 UTC
Previous filing
15 Feb 2022
Next filing
14 Feb 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 +2,199 +21% 12,508 15 Feb 2022 Direct F1, F2
transaction ITW Common Stock Tax liability $196,887 -896 -7.2% $219.74 11,612 15 Feb 2022 Direct

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 2/15/19) Options Exercise $0 -2,199 -100% $0.000000* 0 15 Feb 2022 Common Stock 2,199 Direct F2, F3
* 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 PSUs vested and became payable on February 15, 2022.