Form 4: Fortive Corp Executive Peter C. Underwood Sells Shares for Tax Obligations

Peter C. Underwood, SVP General Counsel of Fortive Corp, sold 867 shares of common stock on February 20, 2025, to cover tax obligations related to vesting restricted stock units.

Summary

• On February 20, 2025, Peter C. Underwood, the SVP General Counsel of Fortive Corp, disposed of 867 shares of Fortive Corp common stock.
• The transaction was executed at a price of $81.84 per share.
• This disposal was due to the withholding of shares for tax purposes related to the vesting and distribution of restricted stock units.
• Following the transaction, Underwood directly owns 47,479 shares of Fortive Corp common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as this is a routine transaction related to tax obligations and doesn't indicate a significant change in the executive's holdings or outlook.

Industry Context

This is a routine Form 4 filing, indicating an insider transaction related to tax obligations. Such transactions are common and don't necessarily reflect a change in the executive's confidence in the company.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Form 4, Fortive Corp, Peter C. Underwood, Stock Sale, Tax Withholding, Restricted Stock Units, FTV, Insider Transaction