Form 4: Fortive Corp Executive Jonathan L. Schwarz Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jonathan L. Schwarz, SVP of Corporate Development at Fortive Corp, disposed of 361 shares of common stock on February 29, 2024, to cover tax obligations related to vesting performance stock units.
Summary
- On February 29, 2024, Jonathan L. Schwarz, SVP of Corporate Development at Fortive Corp, reported a transaction involving the disposal of 361 shares of common stock.
- The shares were disposed of at a price of $86.29 per share.
- This transaction was related to the withholding of shares for tax purposes in connection with the vesting and distribution of performance stock units.
- Following the transaction, Schwarz directly owns 62,216 shares of Fortive Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/29/2024 | Date of stock disposal transaction. |
| 03/01/2024 | Date of signature by attorney-in-fact. |
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