[144] Illinois Tool Works Inc. SEC Filing
Illinois Tool Works Inc. (ITW) reported a proposed insider sale under Rule 144: 6,802 common shares are scheduled for sale on 09/11/2025 through Fidelity Brokerage Services, with an aggregate market value of $1,803,069.97. The shares to be sold were acquired in connection with an option (granted 02/10/2017) and the table indicates cash payment at the time of the reported sale. No other sales by the same person in the past three months are reported, and the filer certifies no undisclosed material adverse information about the issuer.
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Insights
TL;DR: Small, routine insider sale under Rule 144; unlikely to be material to ITW's equity.
The notice documents a proposed sale of 6,802 common shares valued at roughly $1.8 million to be executed through a broker on a specified date. Relative to the reported 291.5 million shares outstanding, this position is immaterial by size. The disclosure follows Rule 144 mechanics: shares derived from an option grant and indicated as cash-sale proceeds. Because the filer states no undisclosed material adverse information and there are no other recent sales reported, the filing reads as a compliance notice rather than a strategic shift.
TL;DR: Compliance-focused disclosure; presents standard insider selling mechanics without evident governance red flags.
The form shows an insider exercising or disposing of shares tied to a prior option grant (02/10/2017) with sale execution through a named broker. The explicit certification that the seller is unaware of undisclosed material adverse facts is standard. Absence of additional sales in the prior three months and the small size relative to outstanding shares reduce the likelihood this sale signals governance or stewardship concerns. No plan-adoption date or 10b5-1 trading plan details are provided on the form.