Form 4: Fortive Corp CEO James A. Lico Disposes of Shares for Tax Purposes
SEC Form 4 Filing
James A. Lico, President and CEO of Fortive Corp, disposed of shares to cover tax obligations related to vesting performance stock units.
Summary
- On February 26, 2025, James A. Lico, the President and CEO of Fortive Corp, disposed of 5,734 shares of common stock at a price of $79.91.
- On February 27, 2025, Lico disposed of an additional 3,974 shares of common stock at $79.6.
- These transactions were related to the withholding of shares for tax purposes in connection with the vesting and distribution of performance stock units.
- Following these transactions, Lico directly owns 591,813 shares of Fortive Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine tax-related transactions.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations. It is common for executives to dispose of shares to cover taxes when stock options or restricted stock units vest.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Disposal of 5,734 shares of common stock at $79.91. |
| 02/27/2025 | Disposal of 3,974 shares of common stock at $79.6. |
| 02/28/2025 | Date of signature for the Form 4 filing. |
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