Illinois Tool Works (NYSE: ITW) accounting officer sells 277 shares
Rhea-AI Filing Summary
Illinois Tool Works executive Matteo C. Pigozzo, VP & Chief Accounting Officer, reported selling 277 shares of ITW common stock on August 13, 2026 at $289.22 per share in an open-market or private transaction. After this sale, he holds 3,393.517 shares directly and 1,103 shares indirectly through his ITW 401(k) Savings and Investment Plan as of the same date. The transactions were not reported as made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 277 shares
Net Sell
2 txns
Insider
Pigozzo Matteo C.
Role
VP & Chief Accounting Officer
Sold
277 shs ($80K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 277 | $289.22 | $80K |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,393.517 shares (Direct);
Common Stock — 1,103 shares (Indirect, See Footnote)
Footnotes (1)
- F1. Shares of common stock held through the Reporting Person's ITW 401(k) Savings and Investment Plan, as of August 13, 2026.
Key Figures
Shares sold: 277 shares
Sale price per share: $289.22
Direct holdings after transaction: 3,393.517 shares
+2 more
5 metrics
Shares sold
277 shares
Sale of ITW common stock on August 13, 2026
Sale price per share
$289.22
Price per ITW share for the 277-share sale on August 13, 2026
Direct holdings after transaction
3,393.517 shares
Direct ITW common stock owned by Matteo C. Pigozzo after the sale
Indirect holdings (401(k))
1,103 shares
ITW common stock held through the ITW 401(k) Savings and Investment Plan as of August 13, 2026
Net shares sold
277 shares
Net sell direction across reported transactions in this Form 4
Key Terms
ITW 401(k) Savings and Investment Plan, indirect, Rule 10b5-1
3 terms
ITW 401(k) Savings and Investment Plan financial
"Shares of common stock held through the Reporting Person's ITW 401(k) Savings"
indirect financial
"total_shares_following_transaction 1103.0000, direct_or_indirect I, nature_of_ownership"
Rule 10b5-1 regulatory
"aff_10b5_one false is the document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did ITW executive Matteo C. Pigozzo report on this Form 4 for ITW?
Matteo C. Pigozzo reported a sale of 277 ITW common shares on August 13, 2026 at $289.22 per share. The filing also lists his updated direct and indirect share holdings following this transaction.
Was Matteo C. Pigozzo’s ITW stock sale made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, so the reported sale of 277 ITW shares was not affirmed as executed under a pre-arranged 10b5-1 trading plan.
What is Matteo C. Pigozzo’s role at Illinois Tool Works (ITW) mentioned in this Form 4?
He is identified as ITW’s Vice President & Chief Accounting Officer. The Form 4 confirms his status as an officer of Illinois Tool Works and reports his personal and 401(k) shareholdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.