Form 4: E. Scott Santi of Illinois Tool Works Inc. Acquires Shares Under Incentive Plan

Director E. Scott Santi acquired 1,938 shares of Illinois Tool Works Inc. common stock at $242.32 per share under the company's 2024 Long-Term Incentive Plan.

Summary

• E. Scott Santi, a director of Illinois Tool Works Inc. (ITW), reported a transaction on May 2, 2025.
• Santi acquired 1,938 shares of common stock at a price of $242.32 per share.
• The acquisition was made under the Illinois Tool Works Inc. 2024 Long-Term Incentive Plan, representing quarterly director fees and annual stock grants.
• Following the transaction, Santi directly owns 262,190 shares of ITW common stock, which includes 4,381 shares of deferred stock under the ITW Directors' Deferred Fee Plan as of May 2, 2025.

Sentiment

Score: 6

Explanation: Routine insider transaction; neutral impact.

Positives

• The acquisition of shares by a director signals confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Stakeholder Impact

• The transaction may have a slightly positive impact on shareholder confidence due to insider buying.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Stock Acquisition, Illinois Tool Works, ITW, Incentive Plan, E. Scott Santi