Brutto Daniel J 4
Research Summary
AI-generated summary
Illinois Tool Works (ITW) Director Daniel Brutto Receives Award
What Happened
- Daniel J. Brutto, a director of Illinois Tool Works (ITW), received an award of 765 shares of ITW common stock on May 8, 2026. The grant price is reported at $254.76 per share, for a total reported value of $194,891. The transaction is listed as an award/grant (code A), not an open‑market purchase or sale.
Key Details
- Transaction date and price: May 8, 2026 — 765 shares at $254.76 each.
- Reported value: $194,891.
- Shares owned after transaction: not specified in the provided summary (footnote indicates other director holdings; see below).
- Footnotes: F1 — shares acquired under the Issuer's 2024 Long Term Incentive Plan (annual stock grant). F2 — includes 5,634 shares of deferred stock under the ITW Directors' Deferred Fee Plan as of May 8, 2026.
- Filing timeliness: Report filed May 12, 2026; filing falls within the typical two-business‑day window and is not indicated as late.
- Filing remark: Exhibit 24 (Power of Attorney) included.
Context
- This was an annual equity grant to a board member (routine compensation), not a market purchase or sale — such awards are generally part of director pay and do not by themselves indicate the director buying or selling shares for investment reasons.
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