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Insider Trends: Illinois Tool Works Insider Receives Stock Award, Trend of Buys Extended

05/11/2021 05:37

09:34 AM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, Susan Crown, Director, was awarded 713 Illinois Tool Works (ITW) shares having an approximate value of $170,450 based on the daily closing price. Following the Form 4 filing with the SEC, Crown has control over 60,899 company shares of which 52,899 shares are held directly and 8,000 are controlled indirectly. These holdings have an approximate market value of $14.6 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 34 insider transactions reported to the SEC for Illinois Tool Works. These transactions came from the activities of 13 different insiders that resulted in a net acquisition of 23,828 company shares. Relative to the preceding 90-day window of time, there were 6 transactions from 5 insiders and resulted in the net acquisition of 450 shares.

This is lower than the average level of insider transactions in the 27-company Industrial Conglomerates peer group over the last 90-day period. Activity in the peer group averaged 84.4 transactions per company, with company insiders acquiring on average 286,038 shares.

SEC Story Link http://www.sec.gov/Archives/edgar/data/49826/000112419421000004/xslF345X03/primary_doc.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.