Form 4: Fortive Corp Executive Tamara S. Newcombe Reports Acquisition of 3,677 Shares Following RSU Vesting

Tamara S. Newcombe, President & CEO of AHS and PT at Fortive Corp, reports acquiring 3,677 shares of common stock following the vesting of restricted stock units (RSUs) and withholding of shares for tax purposes.

Summary

• On February 23, 2024, Tamara S. Newcombe had 1,397 shares withheld for tax purposes related to the vesting of restricted stock units at a price of $86.11.
• On February 26, 2024, Ms. Newcombe acquired 3,677 shares of Fortive Corp common stock.
• This acquisition is related to the determination by the Compensation Committee on February 26, 2024, that the performance criteria for additional RSUs awarded on February 27, 2023, have been achieved.
• Following these transactions, Ms. Newcombe beneficially owns 56,611 shares of Fortive Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive is generally a good sign, but it's also a routine part of executive compensation. The achievement of performance criteria for RSUs is a positive indicator of company performance.

Positives

• The vesting of RSUs and subsequent acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The Additional RSUs remain subject to time-based vesting provisions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge executive sentiment and potential future stock performance.

Stakeholder Impact

• The acquisition of shares by a company executive can have a positive impact on shareholder confidence.

Key Dates