Form 4: Fortive Corp Executive Jonathan L. Schwarz Reports Stock Disposals for Tax Obligations
SEC Form 4
Jonathan L. Schwarz, SVP Corporate Development at Fortive Corp, reported disposing of shares to cover tax obligations related to vesting performance stock units.
Summary
- On February 26, 2025, Jonathan L. Schwarz disposed of 958 shares of Fortive Corp common stock at a price of $79.91.
- On February 27, 2025, Schwarz disposed of an additional 362 shares at $79.6.
- These transactions were related to the withholding of shares for tax purposes in connection with the vesting and distribution of performance stock units.
- Following these transactions, Schwarz beneficially owns 75,345 shares of Fortive Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to routine stock disposals for tax purposes.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. Disposals for tax obligations are common when equity awards vest.
Stakeholder Impact
- The stock disposal is unlikely to have a significant impact on shareholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Disposal of 958 shares of Common Stock at $79.91 |
| 02/27/2025 | Disposal of 362 shares of Common Stock at $79.6 |
| 02/28/2025 | Date of signature for the Form 4 filing |
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