Mark A. Thibeault - 01 Jan 2025 Form 3 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
Executive Vice President
Signature
/s/ Irene Song, Attorney-in-Fact for Mark A. Thibeault
Issuer symbol
ITW
Transactions as of
01 Jan 2025
Net transactions value
$0
Form type
3
Filing time
07 Jan 2025, 16:26:46 UTC
Next filing
18 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ITW Common Stock 9 01 Jan 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
holding ITW Performance Share Unit (granted 2/09/24) 01 Jan 2025 Common Stock 322 $255.75 Direct F1, F2, F3
holding ITW Performance Share Units (granted 2/11/22) 01 Jan 2025 Common Stock 282 $217.72 Direct F1, F2, F3
holding ITW Performance Share Units (granted 2/10/23) 01 Jan 2025 Common Stock 303 $235.52 Direct F1, F2, F3
holding ITW Employee Stock Option 01 Jan 2025 Common Stock 2,547 $217.72 Direct F4
holding ITW Employee Stock Option 01 Jan 2025 Common Stock 2,355 $255.75 Direct F4
holding ITW Employee Stock Option 01 Jan 2025 Common Stock 2,047 $235.52 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Each performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
F3 Each PSU vests 100% three years from the date of grant if performance goals are met.
F4 Options vest in four (4) equal annual installments beginning one year from date of grant.

Remarks:

Exhibit 24. Power of Attorney