Form 4 for ITW Illinois Tool Works
Accepted 2024-02-14 00:00:00 ET · period of report 2024-02-12 · accession 0001307581-24-000009 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-02-14 | 2024-02-12 | ITW | SANTI ERNEST SCOTT | COB, Dir | M - OptEx | $128.00 | +92.9K | 266.7K | +53% | +$11.90M |
| DM | 2024-02-14 | 2024-02-12 | ITW | SANTI ERNEST SCOTT | COB, Dir | S - Sale+OE | $256.12 | -45.7K | 221.0K | -17% | -$11.70M |
| D | 2024-02-14 | 2024-02-12 | ITW | SANTI ERNEST SCOTT | COB, Dir | F - Tax | $256.42 | -20.9K | 247.3K | -8% | -$5.37M |
| DM | 2024-02-14 | 2024-02-12 | ITW | SANTI ERNEST SCOTT | COB, Dir | M - OptEx | $0.00 | -92.9K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-02-12 | M | A | 47,271 | — | 268,286 | D | — | — | (F4) Common stock acquired upon vesting of Performance Share Units (PSUs) and accrued dividends thereon, following certification of performance metrics. (F5) Each performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock. |
| 2 | Common | Common Stock | 2024-02-12 | S | D | 12,002 | $255.16 | 254,689 | D | — | — | (F1) 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. |
| 3 | Common | Common Stock | 2024-02-12 | F | D | 20,942 | $256.42 | 247,344 | D | — | — | |
| 4 | Common | Common Stock | 2024-02-12 | S | D | 22,232 | $256.26 | 232,457 | D | — | — | (F2) 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. |
| 5 | Common | Common Stock | 2024-02-12 | S | D | 11,442 | $256.86 | 221,015 | D | — | — | (F3) 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. |
| 6 | Common | Common Stock | 2024-02-12 | M | A | 45,676 | $128.00 | 266,691 | D | — | — | |
| 7 | Derivative | Performance Share Units (granted 2/12/21) | 2024-02-12 | M | D | 47,271 | $0.00 | 0 | D | — · — to — | 47,271 Common Stock | (F5) Each performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock. (F8) PSUs vested and became payable on February 12, 2024. |
| 8 | Derivative | Employee Stock Option | 2024-02-12 | M | D | 45,676 | $0.00 | 0 | D | $128.00 · 2018-02-10 to 2027-02-10 | 45,676 Common Stock | (F7) Options vested in four (4) equal annual installments beginning one year from date of grant. |