Illinois Tool Works (NYSE: ITW) director awarded 765-share annual stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ILLINOIS TOOL WORKS INC director Jay L. Henderson received an award of 765 shares of common stock on May 8, 2026. The shares were granted under the company’s 2024 Long Term Incentive Plan as part of his annual stock grant, at a reported value of $254.76 per share.
Following this compensation-related award, Henderson directly holds 25,088 shares of Illinois Tool Works common stock. This total includes 2,463 shares that were previously acquired through a dividend reinvestment plan, reflecting both incentive awards and automatically reinvested dividends in his overall stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Henderson Jay L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 765 | $254.76 | $195K |
Holdings After Transaction:
Common Stock — 25,088 shares (Direct, null)
Footnotes (1)
- Represents shares of common stock acquired pursuant to the Issuer's 2024 Long Term Incentive Plan in connection with the annual stock grant. Includes 2,463 shares acquired under a dividend reinvestment plan.
Key Figures
Stock grant size: 765 shares
Grant value per share: $254.76 per share
Shares owned after grant: 25,088 shares
+1 more
4 metrics
Stock grant size
765 shares
Annual stock grant on May 8, 2026
Grant value per share
$254.76 per share
Reported price for the 765-share award
Shares owned after grant
25,088 shares
Direct ITW common stock holdings post-transaction
Dividend reinvestment shares
2,463 shares
Portion of holdings from dividend reinvestment plan
Key Terms
2024 Long Term Incentive Plan, annual stock grant, dividend reinvestment plan, Form 4
4 terms
2024 Long Term Incentive Plan financial
"acquired pursuant to the Issuer's 2024 Long Term Incentive Plan in connection with the annual stock grant"
annual stock grant financial
"acquired pursuant to the Issuer's 2024 Long Term Incentive Plan in connection with the annual stock grant"
dividend reinvestment plan financial
"Includes 2,463 shares acquired under a dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did ITW director Jay L. Henderson report?
Jay L. Henderson reported receiving 765 shares of Illinois Tool Works common stock as a grant. The shares were awarded under the company’s 2024 Long Term Incentive Plan in connection with his annual stock grant, rather than being purchased on the open market.
Was the ITW Form 4 transaction a stock purchase or a grant?
The ITW Form 4 shows a stock grant, not a market purchase. Henderson received 765 shares coded as an acquisition (A) representing a grant or award under the 2024 Long Term Incentive Plan tied to his annual stock grant.
What plan was used for Jay L. Henderson’s latest ITW stock award?
Henderson’s latest stock award came through Illinois Tool Works’ 2024 Long Term Incentive Plan. The Form 4 states the 765 common shares were acquired pursuant to this plan in connection with his annual stock grant as a company director.