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

Director Daniel J. Brutto acquired 763 shares of Illinois Tool Works Inc. common stock at $242.32 per share on May 2, 2025, under the company's Long-Term Incentive Plan.

Summary

• On May 2, 2025, Daniel J. Brutto, 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, Mr. Brutto beneficially owns 23,049 shares of ITW common stock, which includes 5,497 shares of deferred stock under the ITW Directors' Deferred Fee Plan as of May 2, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock acquisition by a director under an existing incentive plan. It doesn't indicate any significant positive or negative development for the company.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. They provide insights into the actions of company directors and officers, which can be informative for investors.

Stakeholder Impact

• The acquisition of shares by a director can have a minor positive impact on shareholder confidence.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Stock Grant, Illinois Tool Works, ITW