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 shares in the Executive Deferred Incentive Program.

Summary

• On March 13, 2024, Tamara S. Newcombe, President & CEO of AHS and PT at Fortive Corp, reported changes in beneficial ownership.
• Newcombe acquired 1,272.525 notional shares of Fortive Corp's common stock through the Executive Deferred Incentive Program (EDIP) at a price of $85.46 per share.
• Following the transaction, Newcombe directly owns 6,361.43 notional shares in 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, with vesting of company contributions occurring over time based on service and age.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects an executive's continued investment in the company through a deferred compensation program.

Positives

• The acquisition of shares through the EDIP indicates Newcombe's continued investment and alignment with Fortive's long-term performance.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction signals to shareholders that a key executive is invested in the company's future.

Key Dates