Illinois Tool Works (ITW) Director Jennifer F. Scanlon Receives 118-Share Award

What Happened
Jennifer F. Scanlon, a director of Illinois Tool Works (ITW), was granted 117.98 shares on August 7, 2026 at a reported price of $296.66 per share, valued at approximately $35,000. The Form 4 lists the transaction as an award/acquisition (code A) — shares issued as compensation, not an open-market purchase.

Key Details

• Transaction date and terms: 117.98 shares @ $296.66 per share on 2026-08-07 (total ≈ $35,000).
• Consideration: Footnote F1 — shares were received in lieu of a cash retainer under ITW's 2024 Long-Term Incentive Plan.
• Holdings note: Footnote F2 states reported holdings include 969 shares of deferred stock granted under the ITW Directors' Deferred Fee Plan as of Aug 7, 2026. The Form 4 did not list a total "shares owned after transaction" in the provided data.
• Filing timeliness: Form filed 2026-08-11 for the 2026-08-07 transaction; this filing date is within the standard Form 4 deadline (timely).

Context
This was a routine director compensation award (shares issued in lieu of cash retainer), which is common and does not represent an open-market buy or sale. Such awards are standard pay/deferral elections and should be interpreted as compensation-related rather than a direct signal of the director’s view on the stock.