Silva Guilherme de Figueiredo 4

What Happened Guilherme Silva de Figueiredo, Executive Vice President of Illinois Tool Works (ITW), had performance-based awards certified and settled in mid‑February 2026. The filing shows conversion/settlement activity on Feb 12 resulting in shares from performance share units (PSUs) and a related tax withholding of 193 shares (withheld for $57,612). The filing also records a grant of 8,538 derivative awards on Feb 13 (a new award subject to vesting).

Key Details

• Filing date: Feb 17, 2026; Reported period: Feb 12, 2026 (transactions on Feb 12–13, 2026). No late filing indicated in the provided excerpt.
• PSU settlement: PSUs were certified and settled on Feb 12, 2026 (footnotes F1–F3). Each PSU represents a contingent right to one share (F2).
• Tax withholding: 193 shares were disposed (withheld) at $298.51 each to cover taxes, totaling $57,612 (code F).
• Other entries: 598 derivative units are shown as converted on Feb 12 (M) and a corresponding 598-derivative disposal is also reported the same day—this reflects settlement/conversion activity related to the PSU transactions.
• New grant: 8,538 shares reported as a grant/award (derivative) on Feb 13, 2026 (type A). Footnote F4 indicates option awards vest in four equal annual installments beginning one year from grant (applies to the newly granted derivative award).
• Shares owned after these transactions: not disclosed in the provided filing excerpt.

Context

• The Feb 12 activity reflects PSU certification and settlement (an award conversion into common stock), not an open‑market purchase or sale for cash; the 193‑share withholding is a routine tax-withholding event.
• The Feb 13 entry is a new equity award subject to future vesting (not an immediate purchase).
• These kinds of settlement and grant filings are common as companies pay out performance-based awards and grant new equity; they are not direct signals of open‑market buying or selling by the insider.