How Much Does the Illinois Tool Works CEO Make?
Chris O'Herlihy, CEO of Illinois Tool Works, earned $8.0M in total compensation in 2025, including $4.0M in stock awards and $800,000 in base salary.
This page answers a common executive-compensation question: How Much Does the Illinois Tool Works CEO Make?. The answer draws on SEC DEF 14A proxy statements, the public disclosure mechanism for U.S. public-company executive pay. Every public company must file an annual proxy statement disclosing CEO and named-executive-officer compensation in detail. Why this matters for shareholders: executive compensation is the single most-disclosed governance metric at U.S. public companies, and the Dodd-Frank-mandated say-on-pay vote gives shareholders an explicit channel to express approval or dissent. Reading pay data well — including pay-versus-performance, peer-group selection, and time-vesting structures — is a basic part of stock-by-stock fundamental analysis.
The detailed answer below uses the actual proxy-statement filings, explains how to read them, and translates the executive-compensation accounting into the shareholder-relevant interpretation.
Chris O'Herlihy leads Illinois Tool Works (ITW), a Diversified Manufacturing company with approximately 46,000 employees. In the 2025 proxy statement filed with the SEC, Chris O'Herlihy's total compensation of $8,000,000 included $800,000 in base salary, $0 in cash bonus, $4,000,000 in stock awards, and $960,000 in option awards.
The CEO-to-median-worker pay ratio at Illinois Tool Works is 100:1, meaning the CEO earns 100x the median worker's pay of $80,000. Over the past three years, Illinois Tool Works produced a total shareholder return of 5.8% against 4.2% revenue growth. Our Pay-for-Performance Score rates the alignment as B (70/100).
In the most recent say-on-pay vote, 96.5% of shareholders approved the executive compensation plan. Strong shareholder support signals broad approval of the pay package.
Key Data
| Component | Amount |
|---|---|
| Total Compensation | $8,000,000 |
| Base Salary | $800,000 |
| Stock Awards | $4,000,000 |
| Option Awards | $960,000 |
| Non-Equity Incentive | $1,200,000 |
| CEO-to-Worker Pay Ratio | 100:1 |
| Pay-Performance Grade | B |
Other Diversified Manufacturing CEOs
Frequently Asked Questions
Chris O'Herlihy, CEO of Illinois Tool Works, earned $8.0M in total compensation in 2025, including $4.0M in stock awards and $800,000 in base salary.
Chris O'Herlihy is the chief executive officer of Illinois Tool Works (ITW).
The CEO at Illinois Tool Works earns approximately 100 times the median worker's pay of $80,000.
In 2025, total compensation of $8,000,000 was composed of $800,000 base salary, $0 cash bonus, $4,000,000 stock awards, $960,000 option awards, and $1,200,000 in non-equity incentive compensation.
Our Pay-for-Performance Score rates Illinois Tool Works as B (70/100), based on three-year total shareholder return of 5.8%, revenue growth of 4.2%, and shareholder say-on-pay vote approval.
Chris O'Herlihy, CEO of Illinois Tool Works, earned $8.0M in total compensation in 2025, including $4.0M in stock awards and $800,000 in base salary.
Source: SEC EDGAR DEF 14A proxy statements, 2026.