Form 4: Illinois Tool Works Director Smith Jr. Reports Stock Transaction

David Byron Smith Jr., a director at Illinois Tool Works Inc., reported acquiring 775 shares of common stock at $238.82 per share on June 13, 2024, while also disposing of 775 shares at $0.

Summary

• On June 13, 2024, David Byron Smith Jr., a director at Illinois Tool Works Inc. (ITW), engaged in a transaction involving the company's common stock.
• Smith disposed of 775 shares of common stock at a price of $0.
• Concurrently, Smith acquired 775 shares of common stock at $238.82 per share.
• Following these transactions, Smith directly owns 121,506 shares of ITW common stock.
• Smith also has indirect ownership through trusts, holding 255,900 shares in a trust where he shares voting and investment power, and 15,517 shares in various trusts where he has a pecuniary interest and serves as co-trustee with his spouse.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency into their investment activities in the company's stock.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects the director's investment activity in the company.

Key Dates