Form 4: Illinois Tool Works SVP, General Counsel & Secretary Jennifer Kaplan Schott Reports Stock Transactions
SEC Form 4 Filing
Jennifer Kaplan Schott, SVP, General Counsel & Secretary of Illinois Tool Works Inc, reports the vesting and disposal of restricted stock units on September 1, 2024.
Summary
- On September 1, 2024, Jennifer Kaplan Schott, SVP, General Counsel & Secretary of Illinois Tool Works Inc, had restricted stock units vest.
- Ms. Schott disposed of 544 shares of common stock to cover tax obligations at a price of $253.18 per share.
- Following the transactions, Ms. Schott directly owns 1,310 shares of Illinois Tool Works Inc.
- The transactions were reported on September 4, 2024.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel within Illinois Tool Works.
Stakeholder Impact
- The transactions have a minor impact on shareholders, as they involve the vesting and disposal of shares by a company executive.
Key Dates
| Date | Description |
|---|---|
| 09/01/2021 | Date the restricted stock units were granted. |
| 09/01/2024 | Date of the stock transactions (vesting of RSUs and disposal of shares). |
| 09/04/2024 | Date the Form 4 was signed. |
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