Form 4: Illinois Tool Works Director Acquires Shares Under Incentive Plan

David Byron Smith Jr., a director at Illinois Tool Works, acquired 158 shares of common stock under the company's 2024 Long-Term Incentive Plan.

Summary

• On August 2, 2024, David Byron Smith Jr., a director of Illinois Tool Works Inc. (ITW), acquired 158 shares of ITW common stock.
• The acquisition was made under the Illinois Tool Works Inc. 2024 Long-Term Incentive Plan, representing quarterly director fees.
• The price per share was $243.85.
• Following the transaction, Smith directly owns 121,664 shares and indirectly owns 255,900 shares through a trust where he shares voting and investment power.
• He also indirectly owns 15,517 shares through various trusts where he has a pecuniary interest and is a co-trustee with his spouse.
• The filing was signed by Irene Song, Attorney-in-Fact for David Byron Smith, Jr. on August 6, 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares suggests confidence in the company, but it's a routine transaction.

Positives

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

Industry Context

This is a routine filing related to insider trading. It is common for directors to receive stock as part of their compensation.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a standard part of director compensation.

Key Dates