Michael R. Zimmerman - 12 Feb 2024 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
12 Feb 2024
Net transactions value
-$528,994
Form type
4
Filing time
14 Feb 2024, 16:31:25 UTC
Previous filing
13 Feb 2024
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 +4,803 +37% 17,720 12 Feb 2024 Direct F1, F2
transaction ITW Common Stock Tax liability $528,994 -2,063 -12% $256.42 15,657 12 Feb 2024 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 2/12/21) Options Exercise $0 -4,803 -100% $0.000000* 0 12 Feb 2024 Common Stock 4,803 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 12, 2024.