ITW Executive Compensation Details for FY2024 Revealed
Ticker: ITW · Form: DEF 14A · Filed: Mar 21, 2025 · CIK: 49826
Sentiment: neutral
Topics: executive-compensation, proxy-statement, equity-awards
Related Tickers: ITW
TL;DR
ITW's 2024 exec pay report is out, showing adjustments for forfeitures and equity award values.
AI Summary
Illinois Tool Works Inc. (ITW) filed its DEF 14A on March 21, 2025, detailing executive compensation for the fiscal year ending December 31, 2024. The filing includes adjustments for forfeited awards, changes in the fair value of outstanding equity awards, and dividends or earnings paid on equity awards not otherwise reflected in total compensation. Specifically, it notes changes related to "PeoMember" and "NonPeoNeoMember" compensation components.
Why It Matters
This filing provides transparency into how executive compensation is structured and adjusted, impacting shareholder perception of corporate governance and pay practices.
Risk Assessment
Risk Level: low — This is a routine annual filing (DEF 14A) providing details on executive compensation, which is standard for public companies.
Key Numbers
- 2024 — Fiscal Year End (Reporting period for executive compensation details.)
- 20250321 — Filing Date (Date the DEF 14A was filed with the SEC.)
Key Players & Entities
- ILLINOIS TOOL WORKS INC (company) — Filer
- Christopher A. Oherlihy (person) — Executive
FAQ
What is the primary purpose of this DEF 14A filing?
The primary purpose is to provide detailed information regarding the solicitation of proxies for the company's annual meeting of shareholders, including executive compensation disclosures.
What fiscal year does the compensation data in this filing primarily cover?
The compensation data primarily covers the fiscal year ending December 31, 2024.
What are some of the specific adjustments mentioned in relation to executive compensation?
The filing mentions adjustments for the fair value of awards forfeited during the covered year, changes in the fair value of outstanding equity awards, and dividends or earnings paid on equity awards not otherwise reflected in total compensation.
Who is mentioned by name in the provided excerpt?
Christopher A. Oherlihy is mentioned by name in the provided excerpt.
What is the company's standard industrial classification code?
The company's standard industrial classification code is 3560, which corresponds to General Industrial Machinery & Equipment.
Filing Details
This Form DEF 14A (Form DEF 14A) was filed with the SEC on March 21, 2025 by Christopher A. Oherlihy regarding ILLINOIS TOOL WORKS INC (ITW).