Form 4: Fortive Corp Executive Tamara S. Newcombe Reports Changes in Beneficial Ownership

Tamara S. Newcombe, President & CEO of AHS and PT at Fortive Corp, reports changes in beneficial ownership related to the Executive Deferred Incentive Program.

Summary

• Tamara S. Newcombe, a key executive at Fortive Corp, filed a Form 4 to report changes in her beneficial ownership of the company's stock.
• The changes are related to notional dividend accruals on phantom shares in the Fortive stock fund under the Executive Deferred Incentive Program (EDIP).
• On June 28, 2024, Newcombe acquired 6.87 phantom shares at a price of $74.1 per share.
• Following the transaction, Newcombe beneficially owns 6,373.04 derivative securities through the EDIP Stock Fund.
• The notional shares convert on a one-to-one basis into Fortive's common stock.
• Newcombe immediately vests in 100% of each voluntary contribution 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: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and insider alignment with shareholder interests. There are no red flags or negative indicators.

Positives

• The report indicates continued participation of a key executive in the company's deferred incentive program, aligning her interests with those of the shareholders.

Future Outlook

The document does not contain specific forward-looking statements, but it reflects ongoing participation in the company's executive compensation programs.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates that a company executive is actively participating in the company's equity compensation plans.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates