Form 4 for ITW Illinois Tool Works
Accepted 2024-02-14 00:00:00 ET · period of report 2024-02-12 · accession 0001470159-24-000004 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-02-14 | 2024-02-12 | ITW | SCHEUNEMAN RANDALL J | VP, CAO | F - Tax | $256.42 | -712 | 9,765 | -7% | -$182.6K |
| DM | 2024-02-14 | 2024-02-12 | ITW | SCHEUNEMAN RANDALL J | VP, CAO | M - OptEx | $91.88 | +7,434 | 14.7K | +102% | +$683.0K |
| D | 2024-02-14 | 2024-02-12 | ITW | SCHEUNEMAN RANDALL J | VP, CAO | S - Sale+OE | $256.29 | -5,827 | 8,870 | -40% | -$1.49M |
| DM | 2024-02-14 | 2024-02-12 | ITW | SCHEUNEMAN RANDALL J | VP, CAO | M - OptEx | $0.00 | -7,434 | 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 | F | D | 712 | $256.42 | 9,765 | D | — | — | |
| 2 | Common | Common Stock | 2024-02-12 | M | A | 1,607 | — | 10,477 | D | — | — | (F2) Common stock acquired upon vesting of Performance Share Units (PSUs) and accrued dividends thereon, following certification of performance metrics. (F3) Each PSU represents a contingent right to receive one share of the Company's common stock. |
| 3 | Common | Common Stock | 2024-02-12 | S | D | 5,827 | $256.29 | 8,870 | D | — | — | (F1) This transaction was executed at multiple prices ranging from $256.25 to $256.36. 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. |
| 4 | Common | Common Stock | 2024-02-12 | M | A | 5,827 | $91.88 | 14,697 | D | — | — | |
| 5 | Derivative | Employee Stock Option | 2024-02-12 | M | D | 5,827 | $0.00 | 0 | D | $91.88 · 2017-02-12 to 2026-02-12 | 5,827 Common Stock | (F4) Options vested in four (4) equal annual installments beginning one year from date of grant. |
| 6 | Derivative | Performance Share Units (granted 2/12/21) | 2024-02-12 | M | D | 1,607 | $0.00 | 0 | D | — · — to — | 1,607 Common Stock | (F3) Each PSU represents a contingent right to receive one share of the Company's common stock. (F5) PSUs vested and became payable on February 12, 2024. |