T. Kenneth Escoe - Feb 13, 2025 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
Stock symbol
ITW
Transactions as of
Feb 13, 2025
Transactions value $
-$149,032
Form type
4
Date filed
2/18/2025, 04:36 PM
Previous filing
Feb 14, 2024
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 +1.9K +35.54% 7.24K Feb 13, 2025 Direct F1, F2, F3
transaction ITW Common Stock Tax liability -$149K -573 -7.92% $260.09 6.67K Feb 13, 2025 Direct
holding ITW Common Stock 1.35K Feb 13, 2025 See Footnote F4

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 -1.9K -100% $0.00 0 Feb 13, 2025 Common Stock 1.9K Direct F2, F5
transaction ITW Employee Stock Option Award $0 +10.4K $0.00 10.4K Feb 14, 2025 Common Stock 10.4K $258.11 Direct F6
* 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 294 shares acquired under a dividend reinvestment plan.
F4 Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan as of February 13, 2025.
F5 PSUs vested and became payable on February 13, 2025.
F6 Options vest in four (4) equal annual installments beginning one year from date of grant.