Form 4: Illinois Tool Works Director Susan Crown Reports Stock Acquisition
SEC Form 4 Filing
Director Susan Crown reported the acquisition of 758 shares of Illinois Tool Works (ITW) common stock at a price of $243.88 per share on May 3, 2024.
Summary
- On May 3, 2024, Susan Crown, a director of Illinois Tool Works Inc. (ITW), acquired 758 shares of common stock at $243.88 per share.
- Following this transaction, Ms. Crown directly owns 56,420.009 shares of ITW common stock, which includes 18,793.009 shares of deferred stock under the ITW Director's Deferred Fee Plan.
- She also indirectly owns 4,000 shares through trusts for her children and another 4,000 shares held by her spouse.
- Additionally, Ms. Crown holds 6,941.285 units of phantom stock under the Phantom Stock Plan for non-officer directors, each equivalent to one share of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 05/03/2024 | Date of stock acquisition. |
| 05/03/2024 | Date as of which deferred stock and phantom stock units are reported. |
| 05/07/2024 | Date of signature on the Form 4. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.