Patricia A. Hartzell - Jan 1, 2022 Form 3 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
Executive Vice President
Signature
/s/ Jennifer K. Schott, Attorney-in-Fact for Patricia A. Hartzell
Stock symbol
ITW
Transactions as of
Jan 1, 2022
Transactions value $
$0
Form type
3
Date filed
1/10/2022, 03:55 PM
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ITW Common Stock 256 Jan 1, 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
holding ITW Employee Stock Option Jan 1, 2022 Common Stock 2.96K $187.86 Direct F1
holding ITW Employee Stock Option Jan 1, 2022 Common Stock 3.18K $200.98 Direct F1
holding ITW Restricted Stock Unit (granted 2/15/19) Jan 1, 2022 Common Stock 740 $0.00 Direct F2, F3, F4
holding ITW Performance Share Units (granted 2/14/20) Jan 1, 2022 Common Stock 290 $0.00 Direct F5, F6, F7
holding ITW Performance Share Units (granted 2/11/21) Jan 1, 2022 Common Stock 328 $0.00 Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options vest in four (4) equal annual installments beginning one year from date of grant.
F2 Each restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock.
F3 RSUs accrue dividends in shares of common stock, subject to fulfillment of vesting period; the RSUs shown include dividend equivalents, if any, accrued to date.
F4 Each RSU vests 100% three years from the date of grant.
F5 Each performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
F6 PSUs accrue dividends in shares of common stock, subject to fulfillment of vesting period and performance goals; the PSUs shown include dividend equivalents accrued to date.
F7 Each PSU vests 100% three years from the date of grant if performance goals are met.

Remarks:

Exhibit 24 Power of Attorney