Form 4: E. Scott Santi, Non-Executive Chairman of Illinois Tool Works Inc., Reports Changes in Beneficial Ownership
SEC Form 4 Filing
E. Scott Santi, Non-Executive Chairman of Illinois Tool Works Inc., reports a disposition of 4,090 shares of common stock due to a gift and a transfer of shares from a savings and investment plan to a brokerage account.
Summary
- On September 6, 2024, E. Scott Santi, the Non-Executive Chairman of Illinois Tool Works Inc. (ITW), reported a change in beneficial ownership of ITW common stock.
- He disposed of 4,090 shares of common stock as a gift.
- The reporting person also transferred 4,299 shares of common stock from the Illinois Tool Works Inc. Savings & Investment Plan account to their brokerage account in September 2024.
- Following these transactions, Santi directly owns 249,683 shares of ITW common stock, which includes 2,130 shares of deferred stock under the ITW Directors' Deferred Fee Plan as of September 6, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders and provides transparency regarding their stock transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the Non-Executive Chairman's stock transactions.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of transaction (gift of 4,090 shares) and share amounts. |
| 09/12/2024 | Date of signature for the Form 4 filing. |
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