Christopher A. O'Herlihy

Board

Since January 1, 2024

Age

61 years

Education

Holds a bachelor's degree in science from University College Cork, Ireland and a master's degree in science from the University of Massachusetts.

Tenure

Joined ITW in 1989, held roles such as Group President for the Polymers & Fluids and Food Equipment segments, Executive Vice President, Vice Chairman from 2015 to 2023, and assumed the role of President & CEO on January 1, 2024.

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About

Christopher A. O'Herlihy is 61 years old as of February 2025, with a solid academic background including a bachelor's degree in science from University College Cork, Ireland and a master's degree in science from the University of Massachusetts.

He began his longstanding career at ITW in 1989 and has worked in various pivotal roles, such as Group President for the Polymers & Fluids and Food Equipment segments, followed by his tenure as Executive Vice President and Vice Chairman from 2015 to 2023.

His appointment as President & CEO on 01-01-2024 marked a significant milestone, reinforcing his leadership in guiding ITW's strategic initiatives and organic growth.

In addition to his contributions at ITW, he has also served on the Board of Directors of Masco Corporation and has been actively involved in civic and not-for-profit organizations, highlighting his dedication to both corporate excellence and community engagement.

$ITW Performance Under Christopher A. O'Herlihy

Past Roles

Organization	Role	Date Range	Details
ITW	Vice Chairman	August 2015 – December 2023	Ended with promotion to President & CEO on January 1, 2024
ITW	Executive Vice President, Food Equipment segment	2010 – 2015	N/A
ITW	Group President, Food Equipment segment	Prior to 2010	N/A
ITW	Worldwide Group President, Polymers & Fluids segment	Prior to 2010	N/A

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$919,770	Annual	Fixed base salary
Company Contributions to Retirement Plans	$272,871	Annual	Retirement plan contributions
Perquisites	$16,492	Annual	Includes financial planning & tax preparation services, executive physicals, and tickets for sporting events with no cost

Performance Compensation

Data from FY 2023

Performance Cash

Component	Details
Metrics & Targets	Operating Margin: Threshold 20%, Target 24%, Maximum 26% ; After-tax ROIC: Threshold 20%, Target 25%, Maximum 27% ; EPS Growth: Threshold 4%, Target 9%, Maximum 12%. Each metric is equally weighted.
Payout Range	50% to 200% of target award.
Grant Date	February 10, 2023
Grant Date Fair Value	$1,025,000
Performance Period	2023–2025 (Three years)
Vesting Schedule	Cliff vesting at end of performance period
Grant Date Stock Price	$235.52
Conditions	Awards subject to forfeiture for misconduct or conflicts.

EIP Award

Component	Details
Metrics & Targets	Operating Income Growth: Threshold = 85% of prior year growth (50% payout), Target = 106% (100% payout), Maximum = 116% (200% payout) ; Organic Revenue Growth: Threshold = 1.0% (0% payout), Target = 3.0% (100% payout), Maximum = 5.0% (200% payout). Weights: 60% and 40% respectively.
Award Amounts	Target Award: $1,849,114 , Threshold Payout: $924,557 , Maximum Payout: $3,698,228 .
Actual Payout	$813,425
Award Type	Cash-based; performance assessed on 2023 results.
Evaluation	Based on 2023 performance with a total payout percentage of 88.0% of the target award.