Illinois Tool Works (ITW) Director Santi Ernest Scott Receives Award

What Happened

• Santi Ernest Scott, a director of Illinois Tool Works (ITW), received 117.98 shares on August 7, 2026. The shares were reported at an acquisition price of $296.66 per share for a total reported value of $35,000. This transaction is coded as an award/acquisition (A) — a routine director compensation event rather than an open-market purchase or sale.

Key Details

• Transaction date and price: August 7, 2026 — 117.98 shares @ $296.66, total $35,000.
• Filing date: August 11, 2026 (filed four days after the transaction); Form 4s are generally due within two business days, so this appears to be a late filing.
• Footnotes:
  • F1: Shares received in lieu of a cash retainer pursuant to an election under the issuer’s 2024 Long‑Term Incentive Plan (LTIP).
  • F2: The reported holding figure includes 6,937 shares of deferred stock granted under the ITW Directors’ Deferred Fee Plan as of August 7, 2026.
• Transaction type: Award/grant (not a market buy or sale) — typically part of director compensation.

Context

• Receiving shares in lieu of cash retainer is a common director compensation choice and does not necessarily signal personal trading intent or a view on the company’s stock. For retail investors, awards to directors are routine; purchases (cash buys) tend to be more directly informative about insider sentiment.