Scanlon Jennifer F. 4

What Happened
Jennifer F. Scanlon, a director of Illinois Tool Works (ITW), purchased 806 shares in an open-market transaction on June 2, 2026. The reported weighted-average price was $247.99 per share, for a total transaction value of approximately $199,880. This was a buy (acquisition), which many investors view as a straightforward insider purchase rather than a sale or option exercise.

Key Details

• Transaction date: 2026-06-02; Form 4 filed: 2026-06-04. No late filing is indicated in the provided data.
• Transaction type/code: Open market purchase (P).
• Shares acquired: 806 shares.
• Price: weighted average $247.99; trade prices ranged from $247.85 to $248.03 (multiple executions).
• Total value: ~$199,880.
• Shares owned after transaction: not specified in the excerpt provided. Footnote notes that holdings include 846 shares of deferred stock credited under the ITW Directors' Deferred Fee Plan as of June 2, 2026.
• Footnotes: F1 confirms multiple trades and provides the price range and weighted-average; F2 discloses 846 deferred shares included in reported holdings.

Context

• This was an open-market purchase (not an option exercise, award, or gift), so the director acquired shares directly.
• Purchases are often considered more informative than routine sales, but they do not by themselves reveal motivation.
• No derivative or complex transaction was reported here.