Illinois Tool Works Management

Management criteria checks 3/4

Illinois Tool Works' CEO is Chris O’Herlihy, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $6.90M, comprised of 13.3% salary and 86.7% bonuses, including company stock and options. directly owns 0.018% of the company’s shares, worth €13.74M. The average tenure of the management team and the board of directors is 4.8 years and 11.1 years respectively.

Key information

Chris O’Herlihy

Chief executive officer

US$6.9m

Total compensation

CEO salary percentage	13.3%
CEO tenure	less than a year
CEO ownership	0.02%
Management average tenure	4.8yrs
Board average tenure	11.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chris O’Herlihy's remuneration changed compared to Illinois Tool Works's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$3b
Jun 30 2024	n/a	n/a	US$3b
Mar 31 2024	n/a	n/a	US$3b
Dec 31 2023	US$7m	US$920k	US$3b
Sep 30 2023	n/a	n/a	US$3b
Jun 30 2023	n/a	n/a	US$3b
Mar 31 2023	n/a	n/a	US$3b
Dec 31 2022	US$7m	US$885k	US$3b
Sep 30 2022	n/a	n/a	US$3b
Jun 30 2022	n/a	n/a	US$3b
Mar 31 2022	n/a	n/a	US$3b
Dec 31 2021	US$7m	US$854k	US$3b
Sep 30 2021	n/a	n/a	US$3b
Jun 30 2021	n/a	n/a	US$3b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$5m	US$821k	US$2b
Sep 30 2020	n/a	n/a	US$2b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$5m	US$786k	US$3b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$3b
Dec 31 2018	US$5m	US$747k	US$3b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$5m	US$667k	US$2b

Compensation vs Market: Chris's total compensation ($USD6.90M) is above average for companies of similar size in the Austrian market ($USD4.35M).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.

CEO

Chris O’Herlihy (60 yo)

less than a year

Tenure

US$6,898,841

Compensation

Mr. Christopher A. O Herlihy, also known as Chris, had been the Vice Chairman of Illinois Tool Works Inc. since 2015 until January 01, 2024 and serves as its President and Chief Executive Officer and Board...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christopher O’Herlihy	President	less than a year	US$6.90m	0.018% € 13.7m
Michael Larsen	Senior VP & CFO	11.2yrs	US$6.22m	0.016% € 12.1m
Mary Lawler	Senior VP & Chief Human Resources Officer	10.1yrs	US$3.03m	0.0090% € 6.9m
Axel R. Beck	Executive Vice President of Food Equipment	4.8yrs	US$2.86m	0.0010% € 795.3k
Randall Scheuneman	VP & Chief Accounting Officer	15.3yrs	no data	0.0033% € 2.6m
Erin Linnihan	Vice President of Investor Relations	no data	no data	no data
Jennifer Schott	Senior VP	3.8yrs	no data	0.00044% € 339.8k
Kenneth Escoe	Executive Vice President of Specialty Products	4.8yrs	no data	0.0022% € 1.7m
Sharon Szafranski	Executive Vice President of Welding	4.8yrs	no data	0.0020% € 1.5m
Javier Carbonell	Executive Vice President of Construction Products	2.8yrs	no data	0.00061% € 471.0k
Patricia Hartzell	Executive Vice President of Test	2.8yrs	no data	0.00050% € 386.1k
Guilherme de Figueiredo Silva	Executive Vice President	less than a year	no data	0.00059% € 455.6k

4.8yrs

Average Tenure

55yo

Average Age

Experienced Management: ITW's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Christopher O’Herlihy	President	less than a year	US$6.90m	0.018% € 13.7m
Pamela Strobel	Independent Director	16.8yrs	US$361.44k	0.0033% € 2.5m
Richard Lenny	Lead Independent Director	10.3yrs	US$404.94k	0.0015% € 1.1m
James Griffith	Independent Director	12.7yrs	US$348.69k	0.0026% € 2.0m
Susan Crown	Independent Director	30.8yrs	US$343.69k	0.015% € 11.9m
David H. Smith	Independent Director	14.9yrs	US$353.69k	0.13% € 102.8m
Daniel Brutto	Independent Director	12.8yrs	US$338.69k	0.0057% € 4.4m
E. Santi	Non-Executive Chairman	12yrs	US$22.51m	0.084% € 64.7m
Darrell Ford	Independent Director	3.5yrs	US$323.69k	no data
Kelly Grier	Independent Director	2.2yrs	US$338.69k	0.00054% € 417.0k
Jay Henderson	Independent Director	8.3yrs	US$342.44k	0.0076% € 5.9m
Jaime Irick	Independent Director	less than a year	no data	0.00026% € 200.8k

11.1yrs

Average Tenure

63.5yo

Average Age

Experienced Board: ITW's board of directors are seasoned and experienced ( 11.1 years average tenure).

Illinois Tool Works Management

Management criteria checks 3/4

Key information

Recent management updates

Illinois Tool Works Inc., Annual General Meeting, May 03, 2024

Illinois Tool Works Inc. Appoints Jaime Irick as A Director and to the Audit Committee, Effective February 1, 2024

Illinois Tool Works Inc. Announces CEO Succession Plan

Anré D. Williams Announces Not Stand for Re-Election to the Board of Illinois Tool Works Inc

Independent Director recently bought €293k worth of stock

Illinois Tool Works Inc. Elects Kelly J. Grier as A Director

Recent updates

Illinois Tool Works Inc. Revises Earnings Guidance for the Year 2024

Third quarter 2024 earnings released: EPS: US$3.92 (vs US$2.56 in 3Q 2023)

Second quarter dividend of US$1.50 announced

Illinois Tool Works Inc. Declares Dividend for the Fourth Quarter of 2024, Payable on January 10, 2025

Illinois Tool Works Inc. to Report Q3, 2024 Results on Oct 30, 2024

Upcoming dividend of US$1.50 per share

Second quarter dividend of US$1.50 announced

Now 21% undervalued

Illinois Tool Works Inc. Narrows Earnings Guidance for the Year 2024

Second quarter 2024 earnings released: EPS: US$2.55 (vs US$2.49 in 2Q 2023)

Illinois Tool Works Inc. to Report Q2, 2024 Results on Jul 30, 2024

Now 20% undervalued after recent price drop

First quarter dividend of US$1.40 announced

Illinois Tool Works Inc. Raises Earnings Guidance for the Year 2024

First quarter 2024 earnings released: EPS: US$2.74 (vs US$2.34 in 1Q 2023)

Illinois Tool Works Inc. to Report Q1, 2024 Results on Apr 30, 2024

Illinois Tool Works Inc., Annual General Meeting, May 03, 2024

Upcoming dividend of US$1.40 per share

Fourth quarter dividend of US$1.40 announced

Illinois Tool Works Inc. Declares Quarterly Dividend, Payable on April 11, 2024

Full year 2023 earnings released: EPS: US$9.77 (vs US$9.80 in FY 2022)

Illinois Tool Works Inc. to Report Q4, 2023 Results on Feb 01, 2024

Upcoming dividend of US$1.40 per share at 2.2% yield

Illinois Tool Works Inc. Appoints Jaime Irick as A Director and to the Audit Committee, Effective February 1, 2024

Illinois Tool Works Inc Declares Quarterly Dividend for the Fourth Quarter of 2023, Payable on January 11, 2024

Illinois Tool Works Inc. Provides Earnings Guidance for the Year 2023

Third quarter 2023 earnings released: EPS: US$2.56 (vs US$2.35 in 3Q 2022)

Illinois Tool Works Inc. to Report Q3, 2023 Results on Oct 24, 2023

Upcoming dividend of US$1.40 per share at 2.4% yield

Illinois Tool Works Inc. Announces CEO Succession Plan

Illinois Tool Works Inc. (NYSE:ITW) announces an Equity Buyback for $5,000 million worth of its shares.

Illinois Tool Works Inc. Revises Earnings Guidance for the Year 2023

Second quarter 2023 earnings released: EPS: US$2.49 (vs US$2.38 in 2Q 2022)

Illinois Tool Works Inc. to Report Q2, 2023 Results on Aug 01, 2023

Upcoming dividend of US$1.31 per share at 2.1% yield

Illinois Tool Works Inc. Declares Dividend on the Company's Common Stock for the Second Quarter of 2023, Will Be Paid on July 13, 2023

First quarter 2023 earnings released: EPS: US$2.34 (vs US$2.12 in 1Q 2022)

Upcoming dividend of US$1.31 per share at 2.3% yield

Anré D. Williams Announces Not Stand for Re-Election to the Board of Illinois Tool Works Inc

Illinois Tool Works Inc. Declares Quarterly Dividend for the First Quarter of 2023, Payable on April 13, 2023

Full year 2022 earnings released: EPS: US$9.80 (vs US$8.55 in FY 2021)

Illinois Tool Works Inc. Provides Earnings Guidance for the Fiscal Year 2023

Illinois Tool Works Inc. to Report Q4, 2022 Results on Feb 02, 2023

Upcoming dividend of US$1.31 per share

Independent Director recently bought €293k worth of stock

Hillenbrand, Inc. (NYSE:HI) completed the acquisition of Peerless Machinery Corp. from Illinois Tool Works Inc. (NYSE:ITW) for $59 million.

Hillenbrand, Inc. (NYSE:HI) signed a definitive agreement to acquire Peerless Machinery Corp. from Illinois Tool Works Inc. (NYSE:ITW) for $59 million.

Illinois Tool Works Inc. Declares Dividend for the Fourth Quarter of 2022, Payable on January 12, 2023

Third quarter 2022 earnings released: EPS: US$2.35 (vs US$2.03 in 3Q 2021)

Illinois Tool Works Inc. Raises Earnings Guidance for the Year of 2022

Illinois Tool Works Inc. to Report Q3, 2022 Results on Oct 25, 2022

Upcoming dividend of US$1.31 per share

Illinois Tool Works Inc. Elects Kelly J. Grier as A Director

Illinois Tool Works Inc. Declares Quarterly Dividend, Payable on October 14, 2022

Second quarter 2022 earnings released: EPS: US$2.38 (vs US$2.46 in 2Q 2021)

Illinois Tool Works Inc. Provides Earnings Guidance for the Year 2022

Illinois Tool Works Inc. to Report Q2, 2022 Results on Aug 02, 2022

Upcoming dividend of US$1.22 per share

Insider recently sold €195k worth of stock

Illinois Tool Works Inc. Declares Quarterly Dividend, Payable on July 14, 2022

Illinois Tool Works Inc. Revises Earnings Guidance for the Full Year 2022

First quarter 2022 earnings released: EPS: US$2.12 (vs US$2.12 in 1Q 2021)

Insufficient new directors

Now 21% undervalued after recent price drop

Illinois Tool Works Inc. to Report Q1, 2022 Results on May 03, 2022

Upcoming dividend of US$1.22 per share

Now 20% undervalued after recent price drop

Illinois Tool Works Inc. Declares Dividend for the First Quarter of 2022, Payable on April 14, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations