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Last updated: 6 August 2024 at 4:42pm EST

David Smith Net Worth




The estimated Net Worth of David Byron Jr Smith is at least $51 Million dollars as of 13 June 2024. Mr. Smith owns over 775 units of Illinois Tool Works stock worth over $30,014,412 and over the last 15 years he sold ITW stock worth over $20,721,333. In addition, he makes $294,975 as Independent Director at Illinois Tool Works.

Mr. Smith ITW stock SEC Form 4 insiders trading

David has made over 6 trades of the Illinois Tool Works stock since 2009, according to the Form 4 filled with the SEC. Most recently he bought 775 units of ITW stock worth $185,086 on 13 June 2024.

The largest trade he's ever made was selling 200,000 units of Illinois Tool Works stock on 15 December 2009 worth over $9,786,000. On average, David trades about 3,600 units every 47 days since 2009. As of 13 June 2024 he still owns at least 121,506 units of Illinois Tool Works stock.

You can see the complete history of Mr. Smith stock trades at the bottom of the page.





David Smith biography

David Byron Smith Jr. serves as Independent Director of the Company. Mr. Smith has served as Executive Vice President for Policy & Legal Affairs and General Counsel of Mutual Fund Directors Forum, a not-for-profit membership organization for independent investment company directors and an advocate on important policy matters, since 2005. From 1996 to 2005, Mr. Smith held several positions with increasing levels of responsibility at the Securities and Exchange Commission, serving as Associate Director, Division of Investment Management, from 2001 to 2005. He has served as a director of ITW since 2009 and currently serves as a director of Northern Trust Corporation, where he serves as the Chairman of the Audit Committee. He has not served as a director of any other publicly traded company in the last five years. Mr. Smith is a nephew of Mr. Harold B. Smith, an emeritus director of ITW.

What is the salary of David Smith?

As the Independent Director of Illinois Tool Works, the total compensation of David Smith at Illinois Tool Works is $294,975. There are 12 executives at Illinois Tool Works getting paid more, with Ernest Santi having the highest compensation of $15,440,300.



How old is David Smith?

David Smith is 53, he's been the Independent Director of Illinois Tool Works since 2009. There are 22 older and 5 younger executives at Illinois Tool Works. The oldest executive at Illinois Tool Works, Inc. is Richard Lenny, 68, who is the Lead Independent Director.

What's David Smith's mailing address?

David's mailing address filed with the SEC is ILLINOIS TOOL WORKS INC., 155 HARLEM AVENUE, GLENVIEW, IL, 60025.

Insiders trading at Illinois Tool Works

Over the last 21 years, insiders at Illinois Tool Works have traded over $720,639,773 worth of Illinois Tool Works stock and bought 66,824 units worth $8,173,693 . The most active insiders traders include Harold B Smith, Robert C Mccormack, and Don H Jr Davis. On average, Illinois Tool Works executives and independent directors trade stock every 13 days with the average trade being worth of $9,733,576. The most recent stock trade was executed by Jennifer Kaplan Schott on 1 September 2024, trading 1,854 units of ITW stock currently worth $457,975.



What does Illinois Tool Works do?

Illinois Tool Works Inc. is a manufacturer of a range of industrial products and equipment. Their segments include Automotive OEM, Food Equipment, Test & Measurement and Electronics



What does Illinois Tool Works's logo look like?

Illinois Tool Works, Inc. logo

Complete history of Mr. Smith stock trades at Northern Trust and Illinois Tool Works

Date
#
Company
 Insider
Trans.
Transaction
 Shares Price per share Total value Shares after Source
13 Jun 2024 ITW Illinois Tool Works, Inc. David Byron Jr Smith
Director
 Buy 775 $238.82 $185,086
13 Jun 2024
121,506 ↗
29 Nov 2023 ITW Illinois Tool Works, Inc. David Byron Jr Smith
Director
 Buy 1,000 $241.79 $241,790
29 Nov 2023
120,439 ↗
8 Dec 2022 ITW Illinois Tool Works, Inc. David Byron Jr Smith
Director
 Buy 1,390 $221.81 $308,316
8 Dec 2022
118,994 ↗
14 Jun 2012 ITW Illinois Tool Works, Inc. David Byron Jr Smith
Director
 Sale 66,667 $54.15 $3,610,018
14 Jun 2012
2,650,002 ↗
12 Jun 2012 ITW Illinois Tool Works, Inc. David Byron Jr Smith
Director
 Sale 133,333 $54.94 $7,325,315
12 Jun 2012
2,716,669 ↗
15 Dec 2009 ITW Illinois Tool Works, Inc. David Byron Jr Smith
Director
 Sale 200,000 $48.93 $9,786,000
15 Dec 2009
8,736,286 ↗


Illinois Tool Works executives and stock owners

Illinois Tool Works executives and other stock owners filed with the SEC include: