Form 4: Fortive Corp Director James A. Lico Reports Changes in Beneficial Ownership

James A. Lico, President and CEO of Fortive Corp, reports acquisition of notional dividend accruals on phantom shares in the Fortive stock fund.

Summary

• On March 28, 2024, James A. Lico, President and CEO of Fortive Corp, reported changes in beneficial ownership.
• Lico acquired 132.6 units of Executive Deferred Incentive Program Fortive Stock Fund due to notional dividend accruals.
• The price per unit was $86.02.
• Following the transaction, Lico directly owns 146,932.1 units of the same fund.
• These units are phantom shares that convert on a one-to-one basis into Fortive's common stock upon termination of employment.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, which carries a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and deferred incentive programs, common in publicly traded companies to align executive interests with shareholder value.

Comparison to Industry Standards

• Executive compensation structures, including deferred incentive programs like Fortive's EDIP, are common across publicly traded companies.
• Companies like Danaher (DHR) and Roper Technologies (ROP), which operate in similar industrial sectors, also utilize deferred compensation plans to incentivize long-term performance among their executives.
• The specifics of these plans, such as vesting schedules and conversion ratios, can vary but generally aim to retain key personnel and align their interests with shareholder value.

Stakeholder Impact

• The transaction reflects ongoing executive compensation arrangements, which can influence shareholder perceptions of management alignment with company performance.

Key Dates