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

James W. Griffith, a director at Illinois Tool Works, acquired 763 shares of common stock under the company's 2024 Long Term Incentive Plan.

Summary

• On May 2, 2025, James W. Griffith, a director of Illinois Tool Works Inc. (ITW), acquired 763 shares of common stock.
• The acquisition was made under the Illinois Tool Works Inc. 2024 Long Term Incentive Plan, representing an annual stock grant.
• The price per share was $242.32.
• Following the transaction, Griffith directly owns 22,981 shares of ITW common stock, which includes 15,370 shares of deferred stock under the ITW Directors' Deferred Fee Plan as of May 2, 2025.

Sentiment

Score: 7

Explanation: Director's stock purchase is generally a positive sign, indicating confidence in the company's prospects. However, it's a routine transaction under an existing incentive plan, so the impact is moderate.

Positives

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

Industry Context

Acquisitions of company stock by directors are common and often tied to compensation plans. It reflects the director's alignment with the company's long-term success.

Comparison to Industry Standards

• Director stock ownership is a common practice across publicly traded companies.
• The amount of stock held by directors varies widely depending on the size of the company, the director's tenure, and the specific compensation plans in place.
• Comparing Griffith's holdings to those of directors at similar industrial companies like 3M or Honeywell would provide a better benchmark, but that data is not available in this document.

Stakeholder Impact

• The stock acquisition could have a slightly positive impact on shareholder sentiment.

Key Dates

Keywords

Illinois Tool Works, ITW, James W. Griffith, Director, Stock Acquisition, Long Term Incentive Plan, Form 4, Beneficial Ownership