LARSEN MICHAEL M (SVP & CFO) exercised options at ILLINOIS TOOL WORKS INC
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 2/17/2026ACC: 0000049826-26-000014
Officer· SVP & CFO
Since Dec 2018
+25.48K
Net shares
Net buyer
$700.9K
Total sold
0
Open market trades
0B · 0S
4
Total transactions
34.25K acquired · 8.77K disposed
Non-Derivative Transactions2
Common Stock
Direct
Shares
+6.42K
Price / share
—
Trade value
—
% of position
12.7%
2/12/2026
50.50K→56.93K
Common Stock
Direct
Shares
−2.35K
Price / share
$298.51
Trade value
$700.90K
% of position
4.1%
2/12/2026
56.93K→54.58K
Total
Net shares
+4.08K
Net value
-$700.90K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 2/12/2026 | M · Option Exercise | +6.42K | — | — | 12.7% | 50.50K | 56.93K |
| Common Stock Direct | 2/12/2026 | F · Tax Withholding | −2.35K | $298.51 | $700.90K | 4.1% | 56.93K | 54.58K |
| Total | +4.08K | -$700.90K | ||||||
Derivative Transactions2
Performance Share Units (granted 2/10/23)
Direct
Converts to
Common Stock
6.42K shares
Shares
−6.42K
Strike price
0
Held after
0.00
Exercisable
—
2/12/2026
Employee Stock Option
Direct
Converts to
Common Stock
27.83K shares
Shares
+27.83K
Strike price
299.60
Held after
27.83K
Exercisable
—
2/13/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Performance Share Units (granted 2/10/23) Direct | Common Stock6.42K shares | 2/12/2026 | M · Option Exercise | −6.42K | 0 | — | 0.00 |
| Employee Stock Option Direct | Common Stock27.83K shares | 2/13/2026 | A · Award | +27.83K | 299.60 | — | 27.83K |