Zimmerman Michael R. 4
4 · ILLINOIS TOOL WORKS INC · Filed Feb 17, 2021
Insider Transaction Report
Form 4
Zimmerman Michael R.
Executive Vice President
Transactions
- Tax Payment
Common Stock
2021-02-15$200.98/sh−477$95,867→ 10,309 total - Award
Employee Stock Option
2021-02-12+15,892→ 15,892 totalExercise: $200.98From: 2022-02-12Exp: 2031-02-12→ Common Stock (15,892 underlying) - Exercise/Conversion
Performance Share Units (granted 2/15/18)
2021-02-15−1,554→ 0 total→ Common Stock (1,554 underlying) - Exercise/Conversion
Common Stock
2021-02-15+1,554→ 10,786 total
Footnotes (4)
- [F1]Common stock acquired upon vesting of Performance Share Units (PSUs) and accrued dividends thereon, following certification of performance metrics.
- [F2]Each PSU represents a contingent right to receive one share of the Company's common stock.
- [F3]Options vest in four (4) equal installments beginning one year from date of grant.
- [F4]PSUs vested and became payable on February 15, 2021.