0001798765-21-000001.txt : 20210217 0001798765-21-000001.hdr.sgml : 20210217 20210217171200 ACCESSION NUMBER: 0001798765-21-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210212 FILED AS OF DATE: 20210217 DATE AS OF CHANGE: 20210217 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Escoe T. Kenneth CENTRAL INDEX KEY: 0001798765 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-04797 FILM NUMBER: 21646023 MAIL ADDRESS: STREET 1: 155 HARLEM AVE. CITY: GLENVIEW STATE: IL ZIP: 60025 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ILLINOIS TOOL WORKS INC CENTRAL INDEX KEY: 0000049826 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT [3560] IRS NUMBER: 361258310 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 155 HARLEM AVENUE CITY: GLENVIEW STATE: IL ZIP: 60025 BUSINESS PHONE: 8477247500 MAIL ADDRESS: STREET 1: 155 HARLEM AVENUE CITY: GLENVIEW STATE: IL ZIP: 60025 4 1 wf-form4_161359989330999.xml FORM 4 X0306 4 2021-02-12 0 0000049826 ILLINOIS TOOL WORKS INC ITW 0001798765 Escoe T. Kenneth 155 HARLEM AVE. GLENVIEW IL 60025 0 1 0 0 Executive Vice President Common Stock 2021-02-15 4 M 0 593 A 1635 D Common Stock 2021-02-15 4 F 0 198 200.98 D 1437 D Common Stock 850 I See Footnote Employee Stock Option 200.98 2021-02-12 4 A 0 11613 0 A 2022-02-12 2031-02-12 Common Stock 11613.0 11613 D Restricted Stock Units (granted 2/15/18) 2021-02-15 4 M 0 593 0 D Common Stock 593.0 0 D Each restricted stock unit (RSU) represents a contingent right to receive one share of the Company's common stock plus dividends accrued in shares. Shares of common stock allocated to the reporting person's account in the Illinois Tool Works Inc. Savings & Investment Plan as of February 12, 2021. Options vest in four (4) equal annual installments beginning one year from date of grant. RSUs vested and became payable on February 15, 2021. Exhibit 24 Power of Attorney /s/ Ana Sempertegui, Attorney-in-Fact for T. Kenneth Escoe 2021-02-17 EX-24 2 poa.htm POWER OF ATTORNEY FOR- ESCOE

POWER OF ATTORNEY

The undersigned hereby constitutes and appoints each of Michael M. Larsen, Norman D. Finch Jr., and Ana Sempertegui signing singly, as the undersigned's true and lawful attorney-in-fact to:

(1)    prepare, execute and file for and on behalf of the undersigned Forms 3, 4 and 5 (including any amendments thereto) with respect to the securities of Illinois Tool Works Inc., in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules thereunder;

(2)    do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete the preparation and execution of any such Form 3, 4 or 5 and the timely filing of such form with the United States Securities and Exchange Commission ("SEC") and any other person; and

(3)    take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in his or her discretion.

The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act.

This Power of Attorney shall be effective on the date set forth below and shall continue in full force and effect, with respect to each individual attorney-in-fact, until his or her respective resignation or termination as an employee of Illinois Tool Works Inc., and with respect to the undersigned, until the date on which the undersigned shall cease to be subject to Section 16 of the Exchange Act and the rules thereunder or until such earlier date on which written notification executed by the undersigned is filed with the SEC expressly revoking this Power of Attorney.

By executing this Power of Attorney, the undersigned hereby revokes all prior Powers of Attorney executed by the undersigned with respect to Forms 3, 4 and 5 relating to the securities of Illinois Tool Works Inc.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 4th day of December 2020.


        /s/ Kenneth Escoe