Form 4: Fortive Corp Executive Stacey A. Walker Reports Acquisition of Derivative Securities

Stacey A. Walker, SVP Human Resources at Fortive Corp, reports the acquisition of derivative securities related to the Executive Deferred Incentive Program.

Summary

• On June 28, 2024, Stacey A. Walker, SVP Human Resources at Fortive Corp, reported the acquisition of 9.14 derivative securities related to the Executive Deferred Incentive Program (EDIP).
• These securities are notional dividend accruals on phantom shares in the Fortive stock fund.
• The price of the derivative security is $74.1.
• Following the transaction, Walker beneficially owns 8,471.81 derivative securities.
• The notional shares convert on a one-to-one basis to common stock.
• Walker 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.
• Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in Fortive's common stock.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a standard transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it relates to executive compensation and does not significantly alter the company's financial position.

Key Dates