FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: December 31, 2014
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person *
Pigozzo Matteo C.
(Last) (First) (Middle)
155 HARLEM AVE.
(Street)
GLENVIEW IL 60025
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2026 		3. Issuer Name and Ticker or Trading Symbol
ILLINOIS TOOL WORKS INC [ ITW ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP & Chief Accounting Officer
 5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 3,669.412 (1)
D
 
Common Stock 1,097
I
See Footnote (2)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (3)   (4)   (4) Common Stock 556.321 255.75 D  
Restricted Stock Units (3)   (5)   (5) Common Stock 559.104 258.11 D  
Restricted Stock Units (3)   (6)   (6) Common Stock 537.147 299.6 D  
Explanation of Responses:
1. This includes 182.599 shares of ITW Common Stock held directly in a Roth IRA account for the benefit of the Reporting Person. The Reporting Person exercises control over the IRA, and as such, has voting and investment power over these shares.
2. Shares of common stock held through the Reporting Person's ITW 401(k) Savings and Investment Plan, as of July 1, 2026.
3. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock. Dividend equivalent units accrue with respect to the Reporting Person's restricted stock units and are payable upon vesting of the underlying RSU.
4. This RSU award was granted on February 9, 2024 and is scheduled to vest 100% on February 9, 2027.
5. This RSU award was granted on February 14, 2025 and is scheduled to vest 100% on February 14, 2028.
6. This RSU award was granted on February 13, 2026 and is scheduled to vest 100% on February 13, 2029.
Remarks:
Exhibit 24. Power of Attorney
/s/ Anna Oliveira, Attorney-in-Fact for Matteo C. Pigozzo 07/01/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

EX-24