4//SEC Filing
Simmons Edward Read 4
Accession 0001659166-24-000083
CIK 0001659166other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 8:56 PM ET
Size
9.3 KB
Accession
0001659166-24-000083
Insider Transaction Report
Form 4
Fortive CorpFTV
Simmons Edward Read
SVP - Strategy
Transactions
- Award
Executive Deferred Incentive Program - Fortive Stock Fund
2024-03-06$84.23/sh+122.761$10,340→ 3,081.503 total→ Common Stock (122.761 underlying) - Award
Executive Deferred Incentive Program - Fortive Stock Fund
2024-03-13$85.46/sh+844.255$72,150→ 3,925.758 total→ Common Stock (844.255 underlying)
Footnotes (4)
- [F1]Pursuant to the terms of Fortive's Executive Deferred Incentive Plan (the "EDIP"), the value of restoration contribution made by the Issuer through unfunded, notional shares of the Issuer's common stock reflect the identical amount of contribution that the Issuer would have made to the Reporting Person's 401(k) retirement account pursuant to the terms of the Company's savings plan had the amount of salary deferred by the Reporting Person in his EDIP account had instead been contributed by the Participant to his 401(k) retirement account.
- [F2]The notional shares convert on a one-to-one basis.
- [F3]The Reporting Person immediately vests in 100% of each voluntary contribution to the Fortive stock fund (the "EDIP Stock Fund") under the EDIP. The Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's death, or upon retirement following at least 5 years of service with the Issuer and reaching the age of 55, or, if earlier, one-tenth per year of participation following five years of participation, in each case in accordance with the EDIP. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock.
- [F4]Compensation deferred or contributed into the EDIP Stock Fund is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the date such compensation is credited to the EDIP Stock Fund (or the closing price for the immediately preceding business day, if such date is not a business day), which closing price is shown in Table II, Column 8.
Documents
Issuer
Fortive Corp
CIK 0001659166
Entity typeother
Related Parties
1- filerCIK 0001843981
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 8:56 PM ET
- Size
- 9.3 KB