4//SEC Filing
LICO JAMES A 4
Accession 0001659166-25-000029
CIK 0001659166other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 7:10 PM ET
Size
22.2 KB
Accession
0001659166-25-000029
Insider Transaction Report
Form 4
Fortive CorpFTV
LICO JAMES A
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2025-02-24$35.31/sh+139,882$4,939,233→ 621,294 total - Sale
Common Stock
2025-02-24$80.38/sh−196,117$15,763,884→ 528,851 total - Award
Common Stock
2025-02-24+3,862→ 517,949 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2025-02-24−196,117→ 0 totalExercise: $35.38Exp: 2026-02-24→ Common Stock (196,117 underlying) - Tax Payment
Common Stock
2025-02-24$80.10/sh−92,443$7,404,684→ 528,851 total - Exercise/Conversion
Common Stock
2025-02-24$35.38/sh+196,117$6,938,619→ 724,968 total - Tax Payment
Common Stock
2025-02-24$80.10/sh−14,764$1,182,596→ 514,087 total - Award
Common Stock
2025-02-24+83,572→ 601,521 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2025-02-24−139,882→ 0 totalExercise: $35.31Exp: 2025-02-24→ Common Stock (139,882 underlying)
Holdings
- 19,901(indirect: By 401(k))
Common Stock
Footnotes (10)
- [F1]Under the terms of the Fortive 2016 Stock Incentive Plan, on the last trading day on which all or a portion of an outstanding option may be exercised, if as of the close of trading on such day the then closing market price of a share of Common Stock exceeds the per share exercise price of such option by at least $.01 (an "Auto-Exercise Eligible Option"), the holder of such option will be deemed to have automatically exercised ("Auto Exercise") such Auto-Exercise Eligible Option as of the close of trading, with the Registrant reducing the number of shares of common stock issued to the holder of such option in an amount necessary to satisfy (1) the exercise price obligation for the Auto-Exercise Eligible Option, and (2) the tax withholding requirements arising upon the Auto Exercise, in each case based on the market price as of the close of trading on the date of Auto Exercise. This transaction is being reported to disclose the Auto Exercise of the corresponding options.
- [F10]Prior to the Separation, one-half of the stock options issued by Danaher on February 24, 2016 ("2016 Danaher Options") to the Reporting Person became exercisable on the fourth and fifth anniversary of the grant date. In connection with the Separation, the 2016 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 163,052 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect an anti-dilution adjustment applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020.
- [F2]The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $80.065 to $80.670. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
- [F3]This transaction relates to the aggregate withholding of shares for tax purposes in connection with the vesting and distribution of restricted stock units.
- [F4]On February 26, 2024, the Compensation Committee (the "Committee") awarded the Reporting Person RSUs with the opportunity to earn additional RSUs ("Additional RSUs") upon achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on February 24, 2025 that the performance criteria of the Additional RSUs have been achieved. The Additional RSUs remain subject to time-based vesting provisions.
- [F5]RSUs are payable in shares of common stock on a one-to-one basis.
- [F6]On February 28, 2022, the Committee awarded the Reporting Person Performance Stock Units ("PSUs") subject to achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on February 24, 2025 that the performance criteria of the PSUs have been achieved. The shares remain subject to a one-year holding period requirement.
- [F7]PSUs are payable in shares of common stock on a one-to-one basis.
- [F8]Based on plan statement dated as of January 31, 2025.
- [F9]Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), one-half of the stock options issued by Danaher on February 24, 2015 ("2015 Danaher Options") to the Reporting Person became exercisable on the fourth and fifth anniversary of the grant date. In connection with the Separation, the 2015 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 116,298 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect an anti-dilution adjustment applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020.
Documents
Issuer
Fortive Corp
CIK 0001659166
Entity typeother
Related Parties
1- filerCIK 0001210231
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 7:10 PM ET
- Size
- 22.2 KB