Illinois Tool Works (ITW) CEO pay: $14.9M actually paid in FY2025
$ITW · ILLINOIS TOOL WORKS INCData through FY2025 — latest proxy filed 2026-03-27, checked for new filings 2026-08-21. Every number links to its source.
3.8× the tracked-company median CEO pay ($3.9M).
Pay vs. Performance (Compensation Actually Paid)
What the CEO was actually paid, by fiscal year
What $100 invested was worth, company vs peer group
Pay-vs-Performance table
| FY | CEO pay on paper | CEO pay actually earned | Other top execs (avg) | Value of $100 invested since FY2020 | Same, peer group since FY2020 | Net income |
|---|---|---|---|---|---|---|
| 2025 | $15.2M | $14.9M | $4.2M | $135.62 | $192.40 | $3.07B |
| 2024 | $10.9M | $11.0M | $2.4M | $158.55 | $192.35 | $3.49B |
| 2023 | $22.5M | $34.8M | $7.3M | $160.11 | $157.77 | $2.96B |
| 2022 | $22.2M | $18.7M | $3.8M | $131.72 | $137.00 | $3.03B |
| 2021 | $20.8M | $41.8M | $9.1M | $143.87 | $143.81 | $2.69B |
| 2020 | $14.0M | $19.6M | $4.3M | $116.40 | $119.83 | $2.11B |
Frequently asked
How much did the ITW CEO make in 2025?
$14,920,823 in Compensation Actually Paid (CAP) as ILLINOIS TOOL WORKS INC's CEO (the filing reports this year's PEO pay without tagging which named executive it belongs to), updated 2026-03-27.
What is pay vs. performance (PvP)?
An SEC disclosure (Item 402(v), required since FY2022) linking named-executive pay to company total shareholder return (TSR) over up to 5 years.
What is Compensation Actually Paid (CAP)?
CAP starts from the Summary Compensation Table total and adjusts equity awards to fair value as of each year-end/vesting date, rather than grant-date value — see the glossary entry for the full walk-through.
Also on ITW: SEC & DOJ enforcement actions · CEO track-record ranking · Glossary