CEO Salary & Executive Compensation
Illinois Tool Works ITW
CEO: Chris O'Herlihy · Diversified Manufacturing · 46,000 employees
Chris O'Herlihy, CEO of Illinois Tool Works (ITW), earned $8.0M in total compensation in 2025. Illinois Tool Works receives a Pay-for-Performance grade of B (70/100), with a CEO-to-worker pay ratio of 100:1 and a say-on-pay shareholder approval of 96.5%. The company's 3-year total shareholder return is +5.8%.
How Illinois Tool Works CEO Pay Compares
Chris O'Herlihy's $8.0M total compensation is 0% below the Diversified Manufacturing industry median of $8.0M. The 100:1 CEO-to-worker pay ratio is 15% lower than the industry average of 117:1. Shareholders broadly support this compensation, with 96.5% approval.
Chris O'Herlihy, CEO of Illinois Tool Works (ITW), received $8.0M in total reported compensation. The package mix typical at this scale: a small base salary, a larger stock-award component, and performance-tied incentives that vest over multiple years based on relative TSR or earnings benchmarks.
The CEO-to-median-worker pay ratio runs 100x. Lower ratios typically reflect companies with higher-paid workforces (financial services, technology, professional services) where the median worker pay denominator is itself substantial. Three-year performance has been roughly flat — TSR of 5.8% alongside 4.2% revenue growth. Flat performance over a multi-year window is where pay-versus-performance debates get the most heated: large compensation packages without commensurate shareholder returns are the modal complaint at annual meetings.
Shareholders ratified the compensation package overwhelmingly: 97% of votes cast supported the company's pay practices at the most recent annual meeting. Say-on-pay support above 95% is typical for well-aligned compensation programs without obvious controversy. Illinois Tool Works operates in Diversified Manufacturing with 46,000 employees and $16.1B in annual revenue, and currently carries a market capitalization of $76.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Illinois Tool Works (ITW).
Compensation Breakdown
Chris O'Herlihy's $8.0M total compensation package for fiscal year 2025 includes $800K in base salary, $4.0M in stock awards, $960K in option awards, and $1.2M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2024 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2023 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2022 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
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Chris O'Herlihy, CEO of Illinois Tool Works (ITW), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Chris O'Herlihy, CEO of Illinois Tool Works (ITW), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Illinois Tool Works has a Pay-for-Performance Score of B (70/100). The company's 3-year total shareholder return is +5.8%, and the say-on-pay shareholder vote passed with 96.5% approval.
The CEO-to-median-worker pay ratio at Illinois Tool Works is 100:1. The median worker at Illinois Tool Works earns $80K per year, while CEO Chris O'Herlihy earns $8.0M in total compensation.
Illinois Tool Works employs approximately 46,000 people. The company operates in the Diversified Manufacturing industry within the Industrials sector, generating $16.1B in annual revenue.