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Illinois Tool Works Inc.

Ernest Scott Santi (Director) sells ITW shares

4ITWFiled Nov 6, 2026, 4:16 PM ET· Period Nov 4, 2026

AI-generated summary

Director Ernest Scott Santi exercised options for 60,000 shares at an average price of $187.86 for a value of $11,271,600, sold 60,000 shares at an average price of $292.87 for a total value of $17,572,279.74, and gifted 3,489 shares. Following these transactions, the insider directly holds 262,844 shares.

Key facts

Insider
Ernest Scott Santi · Director
DateTransactionSharesPriceValueHeld afterOwnership
Nov 4, 2026M · exercise or conversion of a derivative+60,000$187.86$11,271,600.00326,333Direct
Nov 4, 2026S · open-market saleFootnotes F1−4,170$288.99$1,205,088.30322,163Direct
Nov 4, 2026S · open-market saleFootnotes F2−1,205$289.82$349,233.10320,958Direct
Nov 4, 2026S · open-market saleFootnotes F3−2,793$291.00$812,763.00318,165Direct
Nov 4, 2026S · open-market saleFootnotes F4−926$291.79$270,197.54317,239Direct
Nov 4, 2026S · open-market saleFootnotes F5−44,349$293.32$13,008,448.68272,890Direct
Nov 4, 2026S · open-market saleFootnotes F6−6,077$293.76$1,785,179.52266,813Direct
Nov 4, 2026S · open-market saleFootnotes F7−480$294.52$141,369.60266,333Direct
Nov 4, 2026G · giftFootnotes F8−3,489$0.00$0.00262,844Direct
Nov 4, 2026M · exercise or conversion of a derivativeEmployee Stock OptionFootnotes F9−60,000$0.00$0.0064,295Direct
Footnotes
  1. F1 This transaction was executed at multiple prices ranging from $288.35 to $289.34. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
  2. F2 This transaction was executed at multiple prices ranging from $289.37 to $290.37. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
  3. F3 This transaction was executed at multiple prices ranging from $290.37 to $291.37. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
  4. F4 This transaction was executed at multiple prices ranging from $291.38 to $292.37. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
  5. F5 This transaction was executed at multiple prices ranging from $292.45 to $293.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
  6. F6 This transaction was executed at multiple prices ranging from $293.45 to $294.45. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
  7. F7 This transaction was executed at multiple prices ranging from $294.47 to $294.63. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, Illinois Tool Works Inc. or a shareholder of Illinois Tool Works Inc. full information regarding the number of shares and prices at which the transaction was effected.
  8. F8 Includes 6,982 shares of deferred stock granted under the ITW Directors' Deferred Fee Plan as of November 4, 2026.
  9. F9 Stock options vest in equal annual installments over a four-year period starting on the first anniversary of the grant date (February 14, 2020).

More ITW filings

Not investment advice. Summaries can contain errors; the SEC filing is the official record.