Illinois Tool Works Director Ernest Scott Santi Sells $17.57 Million of Stock After Option Exercise
Illinois Tool Works director Ernest Scott Santi sold 60,000 shares of common stock for $17,572,280 on Nov. 4, 2026, according to a Form 4 filed Friday.
The filing shows Santi first exercised options on 60,000 shares at $187.86 per share. He then sold the 60,000 shares in multiple transactions at weighted-average prices ranging from $288.99 to $294.52, an average of $292.87 per share.
The filing also reports a gift of 3,489 shares the same day. After the transactions, Santi owned 262,844 shares, a total the filing says includes 6,982 shares of deferred stock granted under the ITW Directors’ Deferred Fee Plan as of Nov. 4, 2026.
Sources
- Illinois Tool Works Form 4 for director Ernest Scott Santi, filed Nov. 6, 2026 (accession 0000049826-26-000061)
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