Form 4: Illinois Tool Works Director Kelly J. Grier Acquires Shares Under Long-Term Incentive Plan

Director Kelly J. Grier acquired 763 shares of Illinois Tool Works Inc. common stock on May 2, 2025, under the company's 2024 Long Term Incentive Plan.

Summary

• On May 2, 2025, Kelly J. Grier, 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, Grier directly owns 2,562 shares of ITW common stock, including 206 shares of deferred stock under the ITW Directors' Deferred Fee Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as a director increasing their stake in the company is generally viewed favorably, suggesting confidence in the company's prospects. However, it's a routine transaction under a pre-existing plan.

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 shareholder interests.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates

Keywords

Illinois Tool Works, ITW, Director, Kelly J. Grier, Stock Acquisition, Long Term Incentive Plan, Form 4, Beneficial Ownership