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.
Executive officers (13)
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.
- Kelly J. GrierT · DirectorBKNG · DirectorCDW · Director
- Christopher A. O'HerlihyMAS · Director
- Daniel J. BruttoSYY · Director
- Darrell L. FordUPS · Officer
- David Byron Smith, Jr.NTRS · Director
- Ernest Scott SantiGWW · Director
- Jay L. HendersonNTRS · Director
- Michael M. LarsenAOS · Director
- Susan CrownNTRS · Director
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.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| Nov 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 4,170 | $288.99 | $1.2M |
| Nov 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 1,205 | $289.82 | $349K |
| Nov 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 2,793 | $291.00 | $813K |
| Nov 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 926 | $291.79 | $270K |
| Nov 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 44,349 | $293.32 | $13.0M |
| Nov 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 6,077 | $293.76 | $1.8M |
| Nov 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 480 | $294.52 | $141K |
| Aug 19, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 1,890 | $289.19 | $547K |
| Aug 19, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 22,471 | $286.37 | $6.4M |
| Aug 19, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 8,142 | $287.35 | $2.3M |
| Aug 19, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 8,928 | $288.22 | $2.6M |
| Aug 13, 2026 | Matteo C. Pigozzo VP & Chief Accounting Officer | Sale | 277 | $289.22 | $80K |
| Jun 2, 2026 | Jennifer F. Scanlon Director | Buy | 806 | $247.99 | $200K |
| Feb 6, 2026 | Mary Katherine Lawler SVP & Chief HR Officer | Sale | 17,279 | $291.90 | $5.0M |
| Feb 5, 2026 | Axel Beck Executive Vice President | Sale | 4,223 | $290.22 | $1.2M |
| Feb 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 20,833 | $290.65 | $6.1M |
| Feb 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 19,471 | $291.90 | $5.7M |
| Feb 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 57,361 | $292.72 | $16.8M |
| Feb 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 3,931 | $293.43 | $1.2M |
| Feb 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 47,885 | $288.72 | $13.8M |
| Feb 4, 2026 | Ernest Scott Santi Non-Executive Chairman | Sale | 17,864 | $289.85 | $5.2M |
| Dec 10, 2025 | David Byron Smith, Jr. Director | Buy | 6,709 | $250.13 | $1.7M |
| Nov 5, 2025 | Pamela B. Strobel Director | Sale | 1,521 | $245.25 | $373K |
| Sep 11, 2025 | Randall J. Scheuneman VP & Chief Accounting Officer | Sale | 6,802 | $265.08 | $1.8M |
| Jun 2, 2025 | David Byron Smith, Jr. Director | Buy | 872 | $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.
- 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 - 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 - 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 - 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 - 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 - 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 - 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 - 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 - 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 - 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 - 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 - 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 - 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 - 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
Annual financials
From the company's 10-K XBRL data (SEC companyfacts).
| Fiscal year | Revenue | Net income | Margin | Diluted EPS | Total assets |
|---|---|---|---|---|---|
| FY2025 | $16.0B | $3.1B | 19.1% | $10.49 | $16.1B |
| FY2024 | $15.9B | $3.5B | 21.9% | $11.71 | $15.1B |
| FY2023 | $16.1B | $3.0B | 18.4% | $9.74 | $15.5B |
| FY2022 | $15.9B | $3.0B | 19.0% | $9.77 | $15.4B |
| FY2021 | $14.5B | $2.7B | 18.6% | $8.51 | $16.1B |
| FY2020 | $12.6B | $2.1B | 16.8% | $6.63 | $15.6B |
| FY2019 | $14.1B | $2.5B | 17.9% | $7.74 | $15.1B |
| FY2018 | $14.8B | $2.6B | 17.4% | $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.