Director Ernest Scott Santi of Illinois Tool Works Inc. filed a Form 4 on November 6, 2026, disclosing a series of transactions in Illinois Tool Works common stock executed on November 4, 2026, including the exercise of 60,000 employee stock options and the sale of 59,800 shares across seven separate transactions.

Key Highlights

  • Option exercise: Santi exercised 60,000 employee stock options at an exercise price of $187.86 per share on November 4, 2026.
  • Shares sold: A total of 59,800 shares were disposed of across seven sales transactions on November 4, 2026, at weighted average prices ranging from $288.99 to $294.52.
  • Gift of shares: 3,489 shares were gifted at $0 on November 4, 2026, per the filing.
  • Remaining direct ownership: Following all reported transactions, Santi directly held 262,844 shares of common stock.
  • Remaining options: 64,295 employee stock options remain beneficially owned following the reported exercise, with an expiration date of February 14, 2030.
  • Deferred stock note: The post-transaction total includes 6,982 shares of deferred stock granted under the ITW Directors' Deferred Fee Plan as of November 4, 2026, according to the filing.

Santi's November 4 Option Exercise and Share Sales at Illinois Tool Works

According to the Form 4 filed with the SEC on November 6, 2026, Ernest Scott Santi, identified as a director of Illinois Tool Works Inc. (NYSE:ITW), exercised 60,000 employee stock options on November 4, 2026. The options carried an exercise price of $187.86 per share and were originally granted with a date exercisable of February 14, 2021, and an expiration date of February 14, 2030. The filing notes that the options vest in equal annual installments over a four-year period starting on the first anniversary of the grant date of February 14, 2020.

On the same date, the filing discloses seven separate sales of common stock totaling 59,800 shares. The individual sale tranches were 4,170 shares at a weighted average of $288.99, 1,205 shares at $289.82, 2,793 shares at $291.00, 926 shares at $291.79, 44,349 shares at $293.32, 6,077 shares at $293.76, and 480 shares at $294.52. Each of these transactions was executed at multiple prices within stated ranges, and the filing states that full price and share-count detail is available upon request to the SEC staff, Illinois Tool Works Inc., or a shareholder of the company.

In addition to the sales, the filing records a gift of 3,489 shares at $0 on November 4, 2026. Following all reported transactions, Santi's direct beneficial ownership stood at 262,844 shares, which the filing notes includes 6,982 shares of deferred stock granted under the ITW Directors' Deferred Fee Plan as of November 4, 2026. The filing was signed by Anna Oliveira as attorney-in-fact for E. Scott Santi and dated November 6, 2026.

What Was Disclosed

The filing reports an option exercise of 60,000 shares, seven open-market sales totaling 59,800 shares, and a gift of 3,489 shares by director Ernest Scott Santi of Illinois Tool Works Inc., all transacted on November 4, 2026, leaving direct ownership of 262,844 shares.