Form 4: Illinois Tool Works Director Daniel J. Brutto Acquires Shares Under Incentive Plan

Director Daniel J. Brutto acquired 758 shares of Illinois Tool Works (ITW) common stock at $243.88 per share under the company's 2015 Long-Term Incentive Plan.

Summary

• On May 3, 2024, Daniel J. Brutto, a director of Illinois Tool Works Inc. (ITW), acquired 758 shares of common stock.
• The acquisition was made under the Illinois Tool Works Inc. 2015 Long-Term Incentive Plan, representing an annual stock grant.
• The price per share was $243.88.
• Following the transaction, Mr. Brutto beneficially owns 22,154 shares of ITW common stock, including 5,365 shares of deferred stock under the ITW Directors' Deferred Fee Plan as of May 3, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to an incentive plan, indicating standard corporate practice.

Positives

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

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These filings provide transparency into the trading activities of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company director.

Key Dates