SANTI ERNEST SCOTT 4

What Happened Santi Ernest Scott, a director of Illinois Tool Works (ITW), received an award of 1,883 shares on May 8, 2026. The shares were reported at $254.76 each, for a total value of approximately $479,713. This transaction is an award/grant (code A) under ITW’s compensation plans — not an open-market purchase or sale.

Key Details

• Transaction date: May 8, 2026. Form 4 filed May 12, 2026 (within required reporting window).
• Price per share reported: $254.76; total value ≈ $479,713.
• Transaction type: A = Grant/award under the Issuer’s plan.
• Footnote F1: Shares acquired pursuant to ITW’s 2024 Long Term Incentive Plan, including the annual stock grant and shares issued in lieu of cash retainer.
• Footnote F2: Filing notes 6,778 shares of deferred stock under the ITW Directors’ Deferred Fee Plan as of May 8, 2026.
• Filing does not explicitly state total post-transaction beneficial ownership beyond the deferred-share note.

Context This was a standard director compensation grant (routine award under the LTIP), which is common for non-employee directors and does not by itself indicate buying or selling sentiment. For retail investors, grants to directors are mostly a compensation matter rather than a direct bullish signal; they increase the director’s stake but are typically issued as part of regular pay.