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 acquisition of notional dividend accruals on phantom shares in the Fortive stock fund.

Summary

• Tamara S. Newcombe, a key executive at Fortive Corp, filed a Form 4 to report changes in beneficial ownership.
• The transaction involved the acquisition of 4.7 units of Executive Deferred Incentive Program (EDIP) Fortive Stock Fund on March 28, 2024.
• These units represent notional dividend accruals on phantom shares within Fortive's Executive Deferred Incentive Program.
• The price per share used for the dividend accrual calculation was $86.02.
• Following the reported transaction, Newcombe directly owns 6,366.2 derivative securities.
• The notional shares convert on a one-to-one basis into Fortive's common stock upon termination of employment, with vesting dependent on specific conditions related to service and age.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and doesn't indicate any specific positive or negative events. It's a neutral disclosure.

Positives

• The acquisition of additional phantom shares through dividend accruals indicates continued participation in and alignment with Fortive's long-term performance.

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

Executive compensation through deferred incentive programs is a common practice in publicly traded companies to align management interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans are a standard component of executive compensation packages among large-cap industrial companies like Fortive.
• These plans often include stock-based awards or phantom shares that vest over time, aligning executive incentives with long-term shareholder value creation.
• Companies such as Danaher, Agilent, and Keysight Technologies also utilize similar deferred compensation mechanisms to attract and retain top talent.

Key Dates