Ernest Scott Santi, a director at Illinois Tool Works Inc, sells $17.6M of stock
After the sale, the filing lists 266,333 shares held.
Ernest Scott Santi, a director of Illinois Tool Works Inc (ITW), sold 60,000 shares on Nov 4 at an average price of $292.87, a total of about $18 million, according to a Form 4 filed with the SEC on Nov 6.
The Form 4 does not tick the Rule 10b5-1 box: the sale is not reported as part of a pre-arranged trading plan. The trade was reported within two business days, as Section 16 requires.
The sale reduces the insider's holding by 18%, to 266,333 shares.
Details from the SEC filing:
| Company | Illinois Tool Works Inc (ITW) |
|---|---|
| Insider | Ernest Scott Santi |
| Role | Director |
| Transaction | Open-market sale (code S) |
| Shares | 60,000 |
| Average price | $292.87 |
| Value | $17,572,280 |
| Trade date | Nov 4, 2026 |
| Filed with the SEC | Nov 6, 2026, 4:16 PM ET |
| Shares held after | 266,333 |
| Ownership | Direct |
| Rule 10b5-1 plan | Not marked in the filing |
See every transaction in this Illinois Tool Works Inc filing
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Source: SEC Form 4. Information only, not investment advice. Not affiliated with or endorsed by the U.S. Securities and Exchange Commission.
