Guilherme de Figueiredo Silva - Jan 1, 2024 Form 3 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
Executive Vice President
Signature
/s/ Irene Song, Attorney-in-Fact for Guilherme de Figueiredo Silva
Stock symbol
ITW
Transactions as of
Jan 1, 2024
Transactions value $
$0
Form type
3
Date filed
1/8/2024, 04:53 PM
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ITW Common Stock 1.28K Jan 1, 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
holding ITW Employee Stock Option Jan 1, 2024 Common Stock 2.61K $235.52 Direct F1
holding ITW Employee Stock Option Jan 1, 2024 Common Stock 3.71K $217.72 Direct F1
holding ITW Employee Stock Option Jan 1, 2024 Common Stock 3.3K $200.98 Direct F1
holding ITW Employee Stock Option Jan 1, 2024 Common Stock 2.54K $187.86 Direct F1
holding ITW Performance Share Units (granted 2/12/21) Jan 1, 2024 Common Stock 357 $0.00 Direct F2, F3, F4
holding ITW Performance Share Units (granted 2/11/22) Jan 1, 2024 Common Stock 401 $0.00 Direct F2, F3, F4
holding ITW Performance Share Units (granted 2/10/23) Jan 1, 2024 Common Stock 377 $0.00 Direct F2, F3, F4
* 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 PSUs accrue dividends in shares of common stock, subject to fulfillment of vesting period and performance goals; the PSUs shown include dividend equivalents, if any, accrued to date.
F3 Each performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
F4 Each PSU vests 100% three years from the date of grant if performance goals are met.

Remarks:

Exhibit 24. Power of Attorney