0001307581-22-000002.txt : 20220208 0001307581-22-000002.hdr.sgml : 20220208 20220208173032 ACCESSION NUMBER: 0001307581-22-000002 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220204 FILED AS OF DATE: 20220208 DATE AS OF CHANGE: 20220208 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SANTI ERNEST SCOTT CENTRAL INDEX KEY: 0001307581 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-04797 FILM NUMBER: 22602956 MAIL ADDRESS: STREET 1: ILLINOIS TOOL WORKS INC. STREET 2: 155 HARLEM AVE. CITY: GLENVIEW STATE: IL ZIP: 60025 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ILLINOIS TOOL WORKS INC CENTRAL INDEX KEY: 0000049826 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560] IRS NUMBER: 361258310 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 155 HARLEM AVENUE CITY: GLENVIEW STATE: IL ZIP: 60025 BUSINESS PHONE: 8477247500 MAIL ADDRESS: STREET 1: 155 HARLEM AVENUE CITY: GLENVIEW STATE: IL ZIP: 60025 4 1 wf-form4_164435941287110.xml FORM 4 X0306 4 2022-02-04 0 0000049826 ILLINOIS TOOL WORKS INC ITW 0001307581 SANTI ERNEST SCOTT ILLINOIS TOOL WORKS INC. 155 HARLEM AVENUE GLENVIEW IL 60025 1 1 0 0 Chairman & CEO Common Stock 2022-02-04 4 M 0 148789 98.26 A 351821 D Common Stock 2022-02-04 4 S 0 58779 230.52 D 293042 D Common Stock 2022-02-04 4 S 0 45584 231.43 D 247458 D Common Stock 2022-02-04 4 S 0 33519 232.33 D 213939 D Common Stock 2022-02-04 4 S 0 8707 233.57 D 205232 D Common Stock 2022-02-04 4 S 0 2200 234.08 D 203032 D Common Stock 4055 I See Footnote Employee Stock Option 98.26 2022-02-04 4 M 0 148789 0 D 2016-02-13 2025-02-13 Common Stock 148789.0 35856 D This transaction was executed at multiple prices ranging from $230.00 to $230.99. 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. This transaction was executed at multiple prices ranging from $231.00 to $231.99. 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. This transaction was executed at multiple prices ranging from $232.00 to $232.99. 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. This transaction was executed at multiple prices ranging from $233.01 to $233.99. 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. This transaction was executed at multiple prices ranging from $234.02 to $234.20. 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. Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan as of August 17, 2021. Options vested in four (4) equal annual installments beginning one year from date of grant. Exhibit 24- Power of Attorney /s/ Irene Song, Attorney-in-Fact for E. Scott Santi 2022-02-08 EX-24 2 ex-24.htm POWER OF ATTORNEY- SANTI

POWER OF ATTORNEY

The undersigned hereby constitutes and appoints each of Michael M. Larsen, Jennifer K. Schott and Irene Song signing singly, as the undersigned's true and lawful attorney-in-fact to:

(1)    prepare, execute and file for and on behalf of the undersigned Forms 3, 4 and 5 (including any amendments thereto) with respect to the securities of Illinois Tool Works Inc., in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules thereunder;

(2)    do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete the preparation and execution of any such Form 3, 4 or 5 and the timely filing of such form with the United States Securities and Exchange Commission ("SEC") and any other person; and

(3)    take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his or her discretion.

The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act.

This Power of Attorney shall be effective on the date set forth below and shall continue in full force and effect, with respect to each individual attorney-in-fact, until his or her respective resignation or termination as an employee of Illinois Tool Works Inc., and with respect to the undersigned, until the date on which the undersigned shall cease to be subject to Section 16 of the Exchange Act and the rules thereunder or until such earlier date on which written notification executed by the undersigned is filed with the SEC expressly revoking this Power of Attorney.

By executing this Power of Attorney, the undersigned hereby revokes all prior Powers of Attorney executed by the undersigned with respect to Forms 3, 4 and 5 relating to the securities of Illinois Tool Works Inc.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 19th day of January 2022.


        /s/ E. Scott Santi