Sharon Szafranski - 13 Feb 2025 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
Executive Vice President
Signature
/s/ Irene Song, Attorney-in-Fact for Sharon Szafranski
Issuer symbol
ITW
Transactions as of
13 Feb 2025
Net transactions value
-$148,771
Form type
4
Filing time
18 Feb 2025, 16:35:27 UTC
Previous filing
17 May 2024
Next filing
23 May 2025
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 +1,898 +32% 7,768 13 Feb 2025 Direct F1, F2
transaction ITW Common Stock Tax liability $148,771 -572 -7.4% $260.09 7,196 13 Feb 2025 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 2/11/22) Options Exercise $0 -1,898 -100% $0.000000 0 13 Feb 2025 Common Stock 1,898 Direct F2, F3
transaction ITW Employee Stock Option Award $0 +10,421 $0.000000 10,421 14 Feb 2025 Common Stock 10,421 $258.11 Direct 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 PSUs vested and became payable on February 13, 2025.
F4 Options vest in four (4) equal annual installments beginning one year from date of grant.