Form 4: Fortive Corp Executive Reports Dividend Accruals on Phantom Shares

Charles E. McLaughlin, SVP Chief Financial Officer of Fortive Corp, reports notional dividend accruals on phantom shares in the company's Executive Deferred Incentive Program.

Summary

• Charles E. McLaughlin, SVP Chief Financial Officer of Fortive Corp, reported changes in beneficial ownership on March 28, 2024.
• The report details the acquisition of 24.1 phantom shares in the Fortive stock fund under the Executive Deferred Incentive Program (EDIP) due to notional dividend accruals.
• The price of the common stock on the date the dividend accruals were credited to the EDIP Stock Fund was $86.02.
• Following the reported transaction, McLaughlin beneficially owns 27,998.1 derivative securities.
• The notional shares convert on a one-to-one basis into common stock.
• McLaughlin immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund.
• Vesting of Issuer contributions occurs upon death, retirement after 5 years of service and reaching age 55, or one-tenth per year of participation following five years of participation.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The vested portion of the EDIP Stock Fund is settled in the Issuer's common stock upon termination of employment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation.

Key Dates