Form 4: Fortive Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Edward Read Simmons, SVP of Strategy at Fortive Corp, disposed of 718 shares of common stock to cover tax obligations related to vesting of performance stock units.
Summary
- On February 26, 2025, Edward Read Simmons, SVP Strategy at Fortive Corp, disposed of 718 shares of common stock.
- The transaction was executed at a price of $79.91 per share.
- This disposal was related to the withholding of shares for tax purposes in connection with the vesting and distribution of performance stock units.
- Following the transaction, Simmons directly owns 49,850 shares of Fortive Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an executive's stock transaction for tax purposes. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard tax withholding event related to equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors as it is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction: Sale of 718 shares of Fortive Corp common stock. |
| 02/28/2025 | Date of signature by attorney-in-fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.