Filing Details
- Accession Number:
- 0001307581-24-000009
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-02-14 16:43:13
- Reporting Period:
- 2024-02-12
- Accepted Time:
- 2024-02-14 16:43:13
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 49826 | Illinois Tool Works Inc | ITW | General Industrial Machinery & Equipment (3560) | 361258310 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1307581 | Scott Ernest Santi | Illinois Tool Works Inc. 155 Harlem Avenue Glenview IL 60025 | Chairman | Yes | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2024-02-12 | 45,676 | $128.00 | 266,691 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-02-12 | 12,002 | $255.16 | 254,689 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2024-02-12 | 22,232 | $256.26 | 232,457 | No | 4 | S | Direct | |
| Common Stock | Disposition | 2024-02-12 | 11,442 | $256.86 | 221,015 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2024-02-12 | 47,271 | $0.00 | 268,286 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2024-02-12 | 20,942 | $256.42 | 247,344 | No | 4 | F | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Employee Stock Option | Disposition | 2024-02-12 | 45,676 | $0.00 | 45,676 | $128.00 |
| Common Stock | Performance Share Units (granted 2/12/21) | Disposition | 2024-02-12 | 47,271 | $0.00 | 47,271 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2018-02-10 | 2027-02-10 | No | 4 | M | Direct |
| 0 | No | 4 | M | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 4,249 | Indirect | See Footnote |
Footnotes
- This transaction was executed at multiple prices ranging from $254.61 to $255.60. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
- This transaction was executed at multiple prices ranging from $255.61 to $256.60. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
- This transaction was executed at multiple prices ranging from $256.61 to $257.23. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
- Common stock acquired upon vesting of Performance Share Units (PSUs) and accrued dividends thereon, following certification of performance metrics.
- Each performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
- 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.
- Options vested in four (4) equal annual installments beginning one year from date of grant.
- PSUs vested and became payable on February 12, 2024.
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