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

Peter C. Underwood, SVP General Counsel of Fortive Corp, reports notional dividend accruals in the company's Executive Deferred Incentive Program (EDIP) as of June 28, 2024.

Summary

• On June 28, 2024, Peter C. Underwood, SVP General Counsel of Fortive Corp, reported changes in beneficial ownership.
• The transaction involves notional dividend accruals on phantom shares in the Fortive stock fund under the company's Executive Deferred Incentive Program (EDIP).
• A total of 8.92 phantom shares were accrued at a price of $74.1 per share, resulting in a total of 8,269.97 shares beneficially owned.
• The reporting person has immediate vesting in 100% of voluntary contributions to the EDIP Stock Fund.
• Issuer contributions vest 100% upon death or retirement after 5 years of service and reaching age 55, or one-tenth per year of participation following five years of participation.
• Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in Fortive's common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation, and it doesn't inherently indicate positive or negative sentiment.

Positives

• The reporting person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for companies with executive deferred incentive programs.

Comparison to Industry Standards

• Executive compensation structures, including deferred incentive programs, are common across publicly traded companies.
• The vesting schedules and settlement terms described are generally consistent with industry practices for executive compensation.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation.

Key Dates