Santi Ernest Scott's Form 4 filing
Illinois Tool Works Inc (ITW) · filed Feb 14, 2024
- Accession no.
- 0001307581-24-000009
- Filed
- Feb 14, 2024
- Trade date
- Feb 12, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 6 non-derivative transactions and 2 derivative transactions. Open-market sales total $11.7M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Santi Ernest ScottCIK 0001307581 | Director, Officer (Chairman) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 12, 2024 | Common Stock | MOption exerciseAcquired | +45,676 | $128.00 | +$5,846,528 | 266,691 | Direct | |
| Feb 12, 2024 | Common Stock | SSaleDisposed | −12,002 | $255.16F1 | −$3,062,430.32 | 254,689 | Direct | |
| Feb 12, 2024 | Common Stock | SSaleDisposed | −22,232 | $256.26F2 | −$5,697,172.32 | 232,457 | Direct | |
| Feb 12, 2024 | Common Stock | SSaleDisposed | −11,442 | $256.86F3 | −$2,938,992.12 | 221,015 | Direct | |
| Feb 12, 2024 | Common Stock | MOption exerciseAcquired | +47,271 | –F5 | – | 268,286 | Direct | |
| Feb 12, 2024 | Common Stock | FTax withholdingDisposed | −20,942 | $256.42 | −$5,369,947.64 | 247,344 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Feb 12, 2024 | Common Stock | MOption exerciseDisposed | −45,676 | $0.00 | $0 | 0 | Direct | |
| Feb 12, 2024 | Common Stock | MOption exerciseDisposed | −47,271 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I.
- 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.
Referenced by the price of 1 transaction in Table I.
- F5
Each performance share unit (PSU) represents a contingent right to receive one share of the Company's common stock.
Referenced by the price of 1 transaction in Table I.