Form 4: Fortive Corp: Executive Edward Read Simmons Reports Changes in Beneficial Ownership

Edward Read Simmons, SVP Strategy at Fortive Corp, reports changes in beneficial ownership due to participation in the Executive Deferred Incentive Program.

Summary

• On March 19, 2025, Edward Read Simmons, SVP Strategy at Fortive Corp, reported changes in beneficial ownership.
• The transaction involved the acquisition of 958.804 notional shares of Fortive common stock through the Executive Deferred Incentive Program (EDIP) Stock Fund.
• The price per share was $75.25.
• Following the transaction, Simmons beneficially owns 4,899.691 derivative securities through the EDIP Stock Fund.
• These notional shares convert on a one-to-one basis into Fortive's common stock.
• Simmons immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund.
• Vesting of contributions by the Issuer occurs upon death, retirement after 5 years of service and reaching age 55, or one-tenth per year of participation following five years of participation.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests with shareholders.

Positives

• Executive participation in the EDIP indicates confidence in the company's future performance.

Industry Context

Executive compensation and stock ownership are common practices in publicly traded companies to align management interests with shareholder value.

Comparison to Industry Standards

• Executive Deferred Incentive Programs are a common form of compensation in large corporations, similar to programs offered by companies like Danaher (DHR) and Roper Technologies (ROP), which also operate in the industrial technology space.
• These programs typically allow executives to defer a portion of their compensation into company stock, aligning their interests with the long-term performance of the company.

Stakeholder Impact

• The transaction signals to shareholders that the executive is invested in the company's future success.

Key Dates

Keywords

Form 4, beneficial ownership, Fortive Corp, EDIP, Executive Deferred Incentive Program, Simmons, FTV, derivative securities, notional shares