T. Kenneth Escoe - 12 Feb 2024 Form 4 Insider Report for ILLINOIS TOOL WORKS INC (ITW)

Role
Executive Vice President
Signature
/s/ Irene Song, Attorney-in-Fact for T. Kenneth Escoe
Issuer symbol
ITW
Transactions as of
12 Feb 2024
Transactions value $
-$224,880
Form type
4
Filing time
14 Feb 2024, 16:36:28 UTC
Previous filing
13 Feb 2024
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
transaction ITW Common Stock Options Exercise +2.3K +60.41% 6.09K 12 Feb 2024 Direct F1, F2
transaction ITW Common Stock Tax liability -$225K -877 -14.39% $256.42 5.22K 12 Feb 2024 Direct
holding ITW Common Stock 1.22K 12 Feb 2024 See Footnote F3

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 2/12/21) Options Exercise $0 -2.3K -100% $0.00* 0 12 Feb 2024 Common Stock 2.3K 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 Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan as of February 12, 2024.
F4 PSUs vested and became payable on February 12, 2024.