Form 4: Fortive Corp Executive Reports Dividend Accruals in Executive Deferred Incentive Program

Stacey A. Walker, SVP Human Resources at Fortive Corp, reports notional dividend accruals on phantom shares in the company's Executive Deferred Incentive Program (EDIP).

Summary

• Stacey A. Walker, a Senior Vice President at Fortive Corp, filed a Form 4 detailing changes in beneficial ownership.
• The report concerns notional dividend accruals on phantom shares within Fortive's Executive Deferred Incentive Program (EDIP).
• On April 1, 2025, Walker acquired 9.35 phantom shares in the Fortive Stock Fund due to dividend accruals.
• The price per phantom share was $72.63, based on the closing price of Fortive's common stock on the NYSE.
• Following the transaction, Walker beneficially owns 9,445.525 phantom shares in the EDIP Stock Fund.
• 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: 5

Explanation: The document is a routine regulatory filing related to executive compensation, with no inherent positive or negative sentiment.

Industry Context

Executive compensation and stock-based incentive programs are common in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation practices.

Key Dates

Keywords

Form 4, beneficial ownership, Fortive Corp, EDIP, dividend accruals, phantom shares, executive compensation