Form 4: Fortive Corp Executive Edward Read Simmons Reports Stock Disposal for Tax Obligations
SEC Form 4
Edward Read Simmons, SVP Strategy at Fortive Corp, disposed of 1,199 shares of common stock on February 28, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On February 28, 2025, Edward Read Simmons, an SVP at Fortive Corp, reported a transaction involving the disposal of 1,199 shares of Fortive Corp common stock.
- The shares were disposed of at a price of $79.54 per share.
- This transaction was related to the withholding of shares for tax purposes in connection with the vesting and distribution of restricted stock units.
- Following the reported transaction, Simmons directly owns 48,651 shares of Fortive Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of the stock disposal transaction. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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