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

Director Richard H. Lenny acquired 763 shares of Illinois Tool Works (ITW) common stock at $242.32 per share under the company's 2024 Long Term Incentive Plan.

Summary

• On May 2, 2025, Richard H. Lenny, a director of Illinois Tool Works Inc. (ITW), acquired 763 shares of common stock.
• The shares were acquired at a price of $242.32 per share.
• This acquisition was made pursuant to the Illinois Tool Works Inc. 2024 Long Term Incentive Plan, representing an annual stock grant.
• Following the transaction, Lenny directly owns 20,793 shares of ITW common stock, which includes deferred stock and shares owned jointly or as tenants in common with his spouse.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director acquiring shares under an incentive plan is generally a good sign, indicating confidence in the company. However, it's a routine transaction.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future performance.
• The acquisition was part of a pre-existing incentive plan.

Industry Context

This type of transaction is common for directors and executives as part of their compensation packages, aligning their interests with those of the shareholders.

Key Dates

Keywords

Form 4, Director, Share Acquisition, Incentive Plan, ITW, Illinois Tool Works, Richard H. Lenny, Stock Grant