Form 4: Fortive Corp CEO James A. Lico Reports Stock Disposal for Tax Obligations

James A. Lico, President and CEO of Fortive Corp, disposed of 3,594 shares of common stock to cover tax obligations related to vesting performance stock units.

Summary

• On February 29, 2024, James A. Lico, the President and CEO of Fortive Corp, disposed of 3,594 shares of common stock.
• The transaction was executed to cover tax obligations associated with the vesting and distribution of performance stock units.
• The shares were disposed of at a price of $86.29 per share.
• Following the transaction, Lico directly owns 432,794 shares of Fortive Corp common stock.
• Lico also indirectly owns 131,435 shares through a Grantor Retained Annuity Trust and 19,809 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to tax obligations, with no indication of positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction to cover tax liabilities associated with stock vesting.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.

Key Dates