Lei Zhang Schlitz - Dec 7, 2021 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
Executive Vice President
Signature
/s/ Jennifer K. Schott, Attorney-in-Fact for Lei Zhang Schlitz
Stock symbol
ITW
Transactions as of
Dec 7, 2021
Transactions value $
-$1,430,616
Form type
4
Date filed
12/9/2021, 03:45 PM
Previous filing
Oct 4, 2021
Next filing
Dec 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITW Common Stock Options Exercise $692K +8.8K +121.4% $78.59 16K Dec 7, 2021 Direct
transaction ITW Common Stock Sale -$2.12M -8.8K -54.83% $241.16 7.25K Dec 7, 2021 Direct F1
holding ITW Common Stock 4.47K Dec 7, 2021 SEE FOOTNOTE F2

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 Employee Stock Option Options Exercise $0 -8.8K -100% $0.00* 0 Dec 7, 2021 Common Stock 8.8K $78.59 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed at multiple prices ranging from $241.11 to $241.33. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
F2 Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan as of December 7, 2021.
F3 Options vested in four (4) equal annual installments beginning one year from date of grant.

Remarks:

Exhibit 24 Power of Attorney