Director at Illinois Tool Works (NYSE: ITW) receives 765-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Brutto Daniel J reported acquisition or exercise transactions in this Form 4 filing.
Illinois Tool Works director Daniel J. Brutto received a grant of 765 shares of common stock on May 8, 2026, valued at $254.76 per share. The shares were awarded under the company’s 2024 Long Term Incentive Plan as part of his annual stock grant. Following this award, Brutto directly holds 23,951 shares, including 5,634 shares of deferred stock under the ITW Directors' Deferred Fee Plan as of May 8, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Brutto Daniel J
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 765 | $254.76 | $195K |
Holdings After Transaction:
Common Stock — 23,951 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 5,634 shares of deferred stock under the ITW Directors' Deferred Fee Plan as of May 8, 2026.
Key Figures
Stock grant size: 765 shares
Grant reference price: $254.76 per share
Total shares after grant: 23,951 shares
+1 more
4 metrics
Stock grant size
765 shares
Common stock award on May 8, 2026
Grant reference price
$254.76 per share
Value used for the 765-share award
Total shares after grant
23,951 shares
Direct holdings following the transaction
Deferred stock component
5,634 shares
Deferred stock under Directors' Deferred Fee Plan as of May 8, 2026
Key Terms
2024 Long Term Incentive Plan, annual stock grant, Directors' Deferred Fee Plan
3 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"
Directors' Deferred Fee Plan financial
"Includes 5,634 shares of deferred stock under the ITW Directors' Deferred Fee Plan as of May 8, 2026"
FAQ
What did ITW director Daniel J. Brutto report on this Form 4?
Daniel J. Brutto reported receiving 765 shares of Illinois Tool Works common stock. The shares were granted as part of his annual stock award under the 2024 Long Term Incentive Plan, rather than purchased on the open market.
Is Daniel J. Brutto’s ITW Form 4 transaction a stock purchase or a grant?
The transaction is a stock grant, not an open-market purchase. The 765 shares were acquired pursuant to Illinois Tool Works’ 2024 Long Term Incentive Plan in connection with Brutto’s annual director stock grant, as described in the filing footnotes.
What is the ITW 2024 Long Term Incentive Plan mentioned in Brutto’s Form 4?
The 2024 Long Term Incentive Plan is Illinois Tool Works’ equity compensation program. Under this plan, directors like Daniel J. Brutto receive annual stock grants, such as the 765-share award reported in this Form 4 filing.
What is the ITW Directors' Deferred Fee Plan referenced in the Form 4 footnotes?
The ITW Directors' Deferred Fee Plan allows directors to hold deferred stock instead of immediate shares. As of May 8, 2026, Daniel J. Brutto’s total 23,951-share position includes 5,634 shares of deferred stock under this plan.