Rauch Christopher P. 4

What Happened

• Christopher P. Rauch, SVP, General Counsel & Secretary of Illinois Tool Works (ITW), received an award of 5,850 derivative shares on February 13, 2026. The securities were acquired at $0.00 (a grant/award rather than a market purchase or sale).

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-02-17.
• Amount: 5,850 derivative shares granted; reported acquisition price $0.00.
• Vesting: Footnote F1 states the options (award) vest in four equal annual installments beginning one year from the grant date.
• Shares owned after the transaction: not specified in the provided filing details.
• Filing timeliness: Form 4 was filed four calendar days after the grant (Feb 17); this is within the typical two-business-day reporting window in most cases.

Context

• This was an equity award (derivative grant) as part of compensation, not an open-market buy or sale—such grants are common for executives and do not by themselves indicate a buy/sell market signal.
• The footnote indicates staged vesting over four years, so the award becomes exercisable/earned gradually rather than immediately.