ITW · NYSE

Illinois Tool Works

Industrial Machinery & Supplies & Components · Glenview, Illinois · founded 1912

Board members
13
CEO
Christopher A. O'Herlihy
Insider buys, 12 mo
$1.9M
Insider sales, 12 mo
$84.5M

Board of directors (13)

Directors with a Section 16 filing in the last 13 months. “Since” is the first filing as a director; SEC data sets start in 2016.

Ernest Scott Santi
Non-Executive Chairmansince 2016 or earlier+1 S&P board
Christopher A. O'Herlihy
President & CEOsince Feb 2024+1 S&P board
Daniel J. Brutto
Directorsince 2016 or earlier+1 S&P board
Susan Crown
Directorsince 2016 or earlier+1 S&P board
Richard H. Lenny
Directorsince 2016 or earlier
David Byron Smith, Jr.
Directorsince 2016 or earlier+1 S&P board
James W. Griffith
Directorsince May 2016
Pamela B. Strobel
Directorsince May 2016
Jay L. Henderson
Directorsince Aug 2016+1 S&P board
Darrell L. Ford
Directorsince May 2021
Kelly J. Grier
Directorsince Sep 2022+3 S&P boards
Jaime A. Irick
Directorsince Feb 2024
Jennifer F. Scanlon
Directorsince May 2026

Executive officers (13)

Christopher A. O'Herlihy
President & CEOsince 2016 or earlier
Michael M. Larsen
SVP & CFOsince 2016 or earlier
Mary Katherine Lawler
SVP & Chief HR Officersince 2016 or earlier
Randall J. Scheuneman
VP & Chief Accounting Officersince 2016 or earlier
T. Kenneth Escoe
Executive Vice Presidentsince Jan 2020
Sharon Szafranski
Executive Vice Presidentsince Jan 2020
Axel Beck
Executive Vice Presidentsince Jan 2020
Patricia A. Hartzell
Executive Vice Presidentsince Jan 2022
Javier Gracia Carbonell
Executive Vice Presidentsince Jan 2022
Guilherme De Figueiredo Silva
Executive Vice Presidentsince Jan 2024
Mark A. Thibeault
Executive Vice Presidentsince Jan 2025
Christopher P. Rauch
SVP, General Counsel & Secy.since Jun 2025
Matteo C. Pigozzo
VP & Chief Accounting Officersince Jul 2026

Company facts

Chair
Ernest Scott Santi
In S&P 500 since
Feb 1986
Incorporated in
DE
Fiscal year ends
December
SEC industry
General Industrial Machinery & Equipment
SEC filings
EDGAR

Connections to other S&P 500 companies

Current directors and officers who also hold a role at another S&P 500 company.

Major holders (5% or more)

Latest Schedule 13D/13G filing per holder. Holders that reported falling below 5% are not shown. Index funds usually report once a year.

No 5% holder filings parsed yet for this company.

Insider trades

Open-market purchases and sales reported on Form 4. Grants, option exercises and tax withholding are excluded.

Buys, 12 mo
$1.9M
2 trades · 2 insiders
Sales, 12 mo
$84.5M
20 trades · 4 insiders
Net, 12 mo
-$82.6M
Data through
Nov 4, 2026
latest trade shown
DateInsiderTypeSharesPriceValue
Nov 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale4,170$288.99$1.2M
Nov 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale1,205$289.82$349K
Nov 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale2,793$291.00$813K
Nov 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale926$291.79$270K
Nov 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale44,349$293.32$13.0M
Nov 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale6,077$293.76$1.8M
Nov 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale480$294.52$141K
Aug 19, 2026Ernest Scott Santi
Non-Executive Chairman
Sale1,890$289.19$547K
Aug 19, 2026Ernest Scott Santi
Non-Executive Chairman
Sale22,471$286.37$6.4M
Aug 19, 2026Ernest Scott Santi
Non-Executive Chairman
Sale8,142$287.35$2.3M
Aug 19, 2026Ernest Scott Santi
Non-Executive Chairman
Sale8,928$288.22$2.6M
Aug 13, 2026Matteo C. Pigozzo
VP & Chief Accounting Officer
Sale277$289.22$80K
Jun 2, 2026Jennifer F. Scanlon
Director
Buy806$247.99$200K
Feb 6, 2026Mary Katherine Lawler
SVP & Chief HR Officer
Sale17,279$291.90$5.0M
Feb 5, 2026Axel Beck
Executive Vice President
Sale4,223$290.22$1.2M
Feb 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale20,833$290.65$6.1M
Feb 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale19,471$291.90$5.7M
Feb 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale57,361$292.72$16.8M
Feb 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale3,931$293.43$1.2M
Feb 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale47,885$288.72$13.8M
Feb 4, 2026Ernest Scott Santi
Non-Executive Chairman
Sale17,864$289.85$5.2M
Dec 10, 2025David Byron Smith, Jr.
Director
Buy6,709$250.13$1.7M
Nov 5, 2025Pamela B. Strobel
Director
Sale1,521$245.25$373K
Sep 11, 2025Randall J. Scheuneman
VP & Chief Accounting Officer
Sale6,802$265.08$1.8M
Jun 2, 2025David Byron Smith, Jr.
Director
Buy872$241.16$210K

Board and executive changes

Every 8-K with Item 5.02 (departure, election or appointment of directors and officers). The text is the first paragraph of the item.

  1. May 22, 2026

    On May 19, 2026, Randall J. Scheuneman, Vice President & Chief Accounting Officer and Principal Accounting Officer of Illinois Tool Works Inc. (the “Company”) notified the Company that he will retire from the Company effective March 1, 2027 and that he will be stepping down from his current role effective June 30, 2026. Mr. Scheuneman will remain with the Company as an advisor through March 1, 2027. Mr. Scheuneman's planned retirement is not due to any disagreement with the Company on any matter relating to the Company's financial statements, internal control over financial reporting, operations, policies or practices. In conjunction with this transition and consistent with our long-term succession planning, Matteo C. Pigozzo, age 55, will succeed Mr. Scheuneman as the Company’s Vice President & Chief Accounting Officer and Principal Accounting Officer, effective July 1, 2026.

    Read the 8-K filing
  2. May 9, 2024

    On May 3, 2024, the stockholders of Illinois Tool Works Inc. (“ITW” or the “Company”) approved the adoption of the Illinois Tool Works Inc. 2024 Long-Term Incentive Plan (the “2024 Plan”) as successor to the Illinois Tool Works Inc. 2015 Long-Term Incentive Plan at the Company’s 2024 Annual Meeting of Stockholders. A description of the material terms and conditions of the 2024 Plan (the “Plan Description”) is set forth on pages 60 through 66 of the Company’s proxy statement on Schedule 14A filed with the Securities and Exchange Commission on March 22, 2024 and is incorporated herein by reference. The full text of the 2024 Plan is attached to the proxy statement as Appendix A and a copy of the 2024 Plan is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

    Read the 8-K filing
  3. Dec 11, 2023

    (d) On December 8, 2023, the Board of Directors of Illinois Tool Works Inc. (the “Company”) elected Jaime Irick as a director, effective February 1, 2024, to serve until the May 2024 Annual Meeting and determined him to be independent. Mr. Irick, age 49, has served as Senior Vice President, Architectural Coatings, U.S. and Canada and Global Traffic Solutions Business for PPG Industries Inc. since May 2022 and served as Vice President, Architectural Coatings, U.S. and Canada from May 2019 to May 2022. Prior to joining PPG Industries, Mr. Irick served as President of the Life Fitness Division of Brunswick Corp. and had 13 years of service at General Electric Company, serving in various roles with increasing levels of responsibility and operating as a GE Company Officer. Mr. Irick is a U.S. Army veteran having served five years as a Field Artillery Officer prior to his business career. Mr.

    Read the 8-K filing
  4. Sep 7, 2023

    On September 6, 2023, E. Scott Santi informed the Board of Directors of Illinois Tool Works Inc. (the “Company”) that he will step down as Chief Executive Officer, effective January 1, 2024. Mr. Santi will remain employed by the Company in his role as Chairman through March 1, 2024, after which he will retire and no longer be an employee. The Board of Directors appointed Mr. Santi as Non-Executive Chairman of the Board, effective March 1, 2024. As Non-Executive Chairman of the Board, Mr. Santi will participate in the standard non-employee director compensation arrangements described in the Company’s 2023 proxy statement; the Board of Directors also approved an additional annual grant of shares of common stock equivalent in value to $250,000, to be made on the same date as annual stock grants are made to the Board, for his service as Non-Executive Chairman.

    Read the 8-K filing
  5. Feb 16, 2023

    On February 10, 2023, Mr. Anré D. Williams, one of the members of the board of directors (the “Board”) of Illinois Tool Works Inc. (the “Company”), notified the Company that he will not stand for reelection at the Company’s 2023 annual meeting of stockholders due to other professional commitments. Mr. Williams will continue to serve as a director until the 2023 annual meeting, and his decision is not the result of any disagreement with the Company or any matter relating to the Company’s operations, policies or practices.

    Read the 8-K filing
  6. Sep 12, 2022

    (d) On September 9, 2022, the Company’s Board of Directors elected Kelly J. Grier as a director, effective immediately, to serve until the May 2023 Annual Meeting and determined her to be independent. Ms. Grier, age 53, retired as US Chair and Managing Partner/Chief Executive Officer of Ernst & Young LLP (“EY”) in July 2022, having served in that capacity since 2018. Ms. Grier had over 30 years of service at EY, serving in various roles with increasing levels of responsibility. Ms. Grier has been appointed to the Audit and Finance Committees of the Company. There are no reportable transactions under Item 404(a) of Regulation S-K. Ms. Grier will participate in the standard non-employee director compensation arrangements described in the Company’s 2022 proxy statement.

    Read the 8-K filing
  7. Dec 15, 2021

    John R. Hartnett, age 61, Executive Vice President of Illinois Tool Works Inc., has informed the Company that he intends to retire effective April 1, 2022.

    Read the 8-K filing
  8. Jun 10, 2021

    On June 9, 2021, the Company entered into a consulting agreement (the “Consulting Agreement”) with SLM Advisory Services LLC (“SLM Advisory Services”), of which Steven L. Martindale is the principal, pursuant to which SLM Advisory Services will provide certain consulting and advisory services to the Company as an independent contractor in exchange for a fee in the amount of $20,000 per month.

    Read the 8-K filing
  9. Feb 26, 2021

    Steven L. Martindale, age 64, Executive Vice President of Illinois Tool Works Inc., has informed the Company that he intends to retire effective April 2, 2021.

    Read the 8-K filing
  10. Feb 17, 2021

    On February 11, 2021, Mr. Kevin M. Warren, one of the members of the board of directors (the “Board”) of Illinois Tool Works Inc. (the “Company”), notified the Company that he will not stand for reelection at the Company’s 2021 annual meeting of stockholders due to other professional commitments. Mr. Warren will continue to serve as a director until the 2021 annual meeting, and his decision is not the result of any disagreement with the Company or any matter relating to the Company’s operations, policies or practices.

    Read the 8-K filing
  11. May 13, 2020

    In accordance with the Corporate Governance Guidelines of Illinois Tool Works Inc. (the “Company”), regarding a director not standing for re-election following his or her 75 th birthday, Mr. James A. Skinner retired from the Company’s Board of Directors effective on May 8, 2020.

    Read the 8-K filing
  12. Jun 14, 2019

    Sundaram Nagarajan, Executive Vice President of Illinois Tool Works Inc., has informed the Company that he intends to resign on or about July 31, 2019 to pursue another opportunity.

    Read the 8-K filing
  13. Aug 4, 2016

    (d) On August 4, 2016, the Company’s Board of Directors elected Jay L. Henderson as a director to serve until the May 2017 Annual Meeting and determined him to be independent. Mr. Henderson, age 60, retired as Vice Chairman, Client Service of PricewaterhouseCoopers LLP (“PwC”) in June 2016, having served in that capacity since 2007. Previously, he served as PwC’s Greater Chicago Market Managing Partner from 2003 to 2013 and Managing Partner of the Cleveland Office from 1993 to 2002. He is also a director of Northern Trust Corporation and has been nominated to stand for election as a director of The J.M. Smucker Company at the company’s annual meeting of shareholders on August 17, 2016. Mr. Henderson has been appointed to the Audit and Corporate Governance & Nominating Committees of the Company. Mr.

    Read the 8-K filing
  14. Jun 3, 2016

    David C. Parry, age 62, Vice Chairman of Illinois Tool Works Inc., has informed the Company that he intends to retire in April 2017.

    Read the 8-K filing

Proxy statements (DEF 14A): 2026 · 2025 · 2024 · 2023 · 2022 · 2021

Share price

$280.95+234% since 2016 board/officer change filed
92.6019028820172019202120232025

Annual financials

From the company's 10-K XBRL data (SEC companyfacts).

Fiscal yearRevenueNet incomeMarginDiluted EPSTotal assets
FY2025$16.0B$3.1B19.1%$10.49$16.1B
FY2024$15.9B$3.5B21.9%$11.71$15.1B
FY2023$16.1B$3.0B18.4%$9.74$15.5B
FY2022$15.9B$3.0B19.0%$9.77$15.4B
FY2021$14.5B$2.7B18.6%$8.51$16.1B
FY2020$12.6B$2.1B16.8%$6.63$15.6B
FY2019$14.1B$2.5B17.9%$7.74$15.1B
FY2018$14.8B$2.6B17.4%$7.60$14.9B

Former directors and officers (16)

People who stopped filing as an insider of this company. “Last filing” is the last Form 3/4/5, an upper bound on when they left.

Show the list
Jennifer Kaplan Schott
SVP, General Counsel & Secy.Aug 2021 – Feb 2025
Michael R. Zimmerman
Executive Vice President2016 or earlier – Feb 2024
Anre D. Williams
DirectorMay 2016 – Nov 2022
Lei Zhang Schlitz
Executive Vice President2016 or earlier – May 2022
John R. Hartnett
Executive Vice President2016 or earlier – Feb 2022
Kevin M. Warren
Director2016 or earlier – May 2021
Norman D. Finch, Jr.
Sr. VP, General Counsel & SecyFeb 2017 – May 2021
Steven L. Martindale
Executive Vice President2016 or earlier – Feb 2021
James A. Skinner
Director2016 or earlier – May 2020
Harold B. Smith
Insider2016 or earlier – May 2020
Andrew Mines
Executive Vice PresidentFeb 2018 – Nov 2019
Juan Valls
Executive Vice President2016 or earlier – Sep 2019
Sundaram Nagarajan
Executive Vice President2016 or earlier – Feb 2019
Roland M. Martel
Executive Vice President2016 or earlier – Feb 2018
Robert S. Morrison
Director2016 or earlier – May 2017
David C. Parry
Vice Chairman2016 or earlier – Feb 2017
Illinois Tool Works (ITW) board, executives and insiders | USBoard