Illinois Tool Works Director Ernest Scott Santi Files Form 144 to Sell $17.57M in Common Stock

Transaction Summary

On November 4, 2026, Ernest Scott Santi, a Director of Illinois Tool Works Inc. ($ITW), filed SEC Form 144 indicating an intent to sell 60,000 shares of common stock through Fidelity Brokerage Services LLC. The proposed sale holds an estimated aggregate market value of $17,572,114.03, representing an implied price of approximately $292.87 per share.

Acquisition Details

• Nature of Acquisition: Stock Option Exercise from the issuer.
• Acquisition Date: November 4, 2026.
• Payment Method: Cash.
• Amount Acquired: 60,000 shares.

Prior Transactions (Past 3 Months)

Within the past three months, the filer reported an additional sale of ITW common stock:

• Date: August 19, 2026
• Shares Sold: 41,431 shares
• Gross Proceeds: $11,872,053.05

Significance & Market Context

This proposed transaction is categorized as High significance due to the substantial monetary size ($17.57M) and the prominence of the insider, who serves on the board of directors and previously served as ITW's Chief Executive Officer and Chairman. The proposed sale is paired with an option exercise on the same day, indicating an exercise-and-sell transaction.