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

James A. Lico, President and CEO of Fortive Corp, reports changes in beneficial ownership due to dividend accruals on phantom shares in the Executive Deferred Incentive Program.

Summary

• James A. Lico, President and CEO of Fortive Corp, filed a Form 4 on April 1, 2025, reporting changes in beneficial ownership.
• The changes are due to notional dividend accruals on phantom shares in the Fortive stock fund under the Executive Deferred Incentive Program (EDIP).
• On March 28, 2025, Lico acquired 162.351 phantom shares at a price of $72.63 per share, resulting in a total of 152,374.676 shares beneficially owned.
• The reported securities are notional dividend accruals on phantom shares in the Fortive stock fund (the 'EDIP Stock Fund') under Fortive's Executive Deferred Incentive Program (the 'EDIP').
• The number of phantom shares accrued as a result of such notional dividend accruals is based on the closing price of the Issuer's common stock as reported on the NYSE on the date such dividend accruals are credited to the EDIP Stock Fund, which is the price shown in Table II, Column 8 above.
• The notional shares convert on a one-to-one basis.
• The Reporting Person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund.
• The Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's death, or upon retirement following at least 5 years of service with the Issuer and reaching the age of 55, or, if earlier, one-tenth per year of participation following five years of participation, in each case in accordance with the EDIP.
• Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, suggesting a neutral to slightly positive sentiment due to alignment of executive and shareholder interests.

Positives

• The executive's participation in the EDIP indicates confidence in the company's future performance.
• Immediate vesting in voluntary contributions to the EDIP Stock Fund is a positive incentive for the executive.

Future Outlook

The EDIP provides a mechanism for executives to accumulate shares over time, aligning their interests with those of shareholders.

Industry Context

Executive compensation and ownership are closely monitored in the corporate world, and Form 4 filings provide transparency into these matters.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.
• The EDIP aligns executive interests with shareholder value.

Key Dates

Keywords

Form 4, beneficial ownership, Fortive Corp, James A. Lico, EDIP, phantom shares, dividend accruals, executive compensation