Form 4: Fortive Corp CEO James A. Lico Reports Stock Transactions
SEC Form 4 Filing
James A. Lico, President and CEO of Fortive Corp, reports acquisition and disposal of company stock and stock options.
Summary
- On February 28, 2025, James A. Lico disposed of 8,463 shares of Fortive Corp common stock at $79.54 per share to cover taxes related to vesting restricted stock units.
- On March 3, 2025, Lico acquired 20,235 restricted stock units (RSUs).
- Lico also acquired 61,320 employee stock options with an exercise price of $79 on March 3, 2025, which vest in two equal installments on the third and fourth anniversary of the grant date.
- Following these transactions, Lico directly owns 603,585 shares of common stock and indirectly owns 19,904 shares through a 401(k) plan.
- He also holds 61,320 derivative securities in the form of employee stock options.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reflects routine stock transactions related to executive compensation. There are no indications of significant positive or negative developments.
Positives
- The acquisition of 20,235 restricted stock units (RSUs) and 61,320 employee stock options demonstrates continued alignment of the CEO's interests with the company's long-term performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include a mix of salary, stock options, and restricted stock units to incentivize performance and align management's interests with shareholders.
- The vesting schedules for stock options and RSUs are typical, often spanning several years to encourage long-term commitment.
- Companies like Danaher (DHR) and Roper Technologies (ROP) also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Disposal of 8,463 shares of common stock for tax purposes. |
| 03/03/2025 | Grant date of 20,235 Restricted Stock Units (RSUs) and 61,320 employee stock options. |
| 03/03/2035 | Expiration date of employee stock options. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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