Form 4: Illinois Tool Works Director Pamela Strobel Reports Stock Transaction

Director Pamela Strobel of Illinois Tool Works Inc. reported a disposition of 1,825 common stock shares on December 4, 2024.

Summary

• Pamela B. Strobel, a director at Illinois Tool Works Inc. (ITW), filed a Form 4 indicating a change in beneficial ownership of the company's stock.
• The transaction involved the disposition of 1,825 shares of common stock on December 4, 2024.
• The shares were disposed of at a price of $0, likely due to a grant or award.
• Following the transaction, Strobel beneficially owns 39,212 shares of ITW common stock, which includes 31,376 shares of deferred stock under the ITW Directors' Deferred Fee Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not indicate any positive or negative sentiment. It is a neutral transaction.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the stock ownership of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• Other directors at similar companies such as 3M, Honeywell, and Emerson Electric would also be required to file similar forms when they have transactions in their company's stock.

Stakeholder Impact

• This transaction provides transparency to shareholders regarding the stock ownership of a company director.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transaction, Director, Illinois Tool Works, ITW, SEC Filing, Common Stock, Deferred Stock