Ernest Scott Santi - Feb 13, 2025 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
Director
Signature
/s/ Irene Song, Attorney-in-Fact for E. Scott Santi
Stock symbol
ITW
Transactions as of
Feb 13, 2025
Transactions value $
-$1,869,007
Form type
4
Date filed
2/18/2025, 04:39 PM
Previous filing
Feb 11, 2025
Next filing
Feb 21, 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 +17.4K +6.98% 267K Feb 13, 2025 Direct F1, F2, F3
transaction ITW Common Stock Tax liability -$1.87M -7.19K -2.69% $260.09 260K Feb 13, 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 -17.4K -100% $0.00 0 Feb 13, 2025 Common Stock 17.4K Direct F2, 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 Includes 2,415.591 shares of deferred stock under the ITW Directors' Deferred Fee Plan as of February 13, 2025.
F4 PSUs vested and became payable on February 13, 2025.