Form 4: Fortive Corp CEO James A. Lico Reports Stock Transactions
SEC Filing (Form 4)
James A. Lico, President and CEO of Fortive Corp, reports the withholding of shares for tax purposes and holdings in a 401(k).
Summary
- On February 20, 2025, James A. Lico, the President and CEO of Fortive Corp, reported a transaction involving common stock.
- 7,741 shares were disposed of at a price of $81.84 due to tax withholding related to the vesting of restricted stock units.
- Following the transaction, Lico directly owns 481,412 shares of Fortive Corp common stock.
- Lico also indirectly owns 19,901 shares through a 401(k) plan, based on a statement dated January 31, 2025.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of stock transactions related to tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CEO, trade their company's stock. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax-related disposal of shares.
Key Dates
| Date | Description |
|---|---|
| January 31, 2025 | Date of plan statement for 401(k) holdings. |
| February 20, 2025 | Date of stock transaction (disposal of shares for tax purposes). |
| February 24, 2025 | Date of signature for the report. |
Keywords
Form 4, Fortive Corp, James A. Lico, Stock Transaction, Beneficial Ownership, Tax Withholding, 401(k)
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