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

Tamara S. Newcombe, President & CEO of PT at Fortive Corp, reports acquisition of derivative securities related to the Executive Deferred Incentive Program.

Summary

• On March 28, 2025, Tamara S. Newcombe, President & CEO of PT at Fortive Corp, reported changes in beneficial ownership.
• The transaction involved the acquisition of 7.035 derivative securities related to the Executive Deferred Incentive Program (EDIP) Fortive Stock Fund.
• These securities represent notional dividend accruals on phantom shares in the Fortive stock fund under the EDIP.
• The price of the underlying common stock on the date of the dividend accrual was $72.63.
• Following the reported transaction, Newcombe beneficially owns 7,838.436 derivative securities directly.
• 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.
• Vesting of Issuer contributions occurs upon death, retirement after 5 years of service and reaching age 55, or incrementally after 5 years of participation, as per the EDIP.
• 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 a routine executive compensation transaction, indicating alignment of interests between management and shareholders. There are no explicit negative implications.

Positives

• The acquisition of derivative securities through the EDIP indicates continued alignment of executive compensation with company performance.
• Immediate vesting of voluntary contributions to the EDIP Stock Fund provides an incentive for executives to invest in the company's future.

Future Outlook

The document does not contain specific forward-looking statements, but it implies continued participation in the Executive Deferred Incentive Program.

Industry Context

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

Comparison to Industry Standards

• Stock-based compensation plans like the EDIP are widely used among large-cap companies such as Fortive to incentivize executives.
• Companies like Danaher (DHR), a former parent company of Fortive, also utilize similar deferred compensation plans for their executives.
• The vesting schedules and terms of these plans are generally comparable across the industry, with variations based on company-specific policies and performance metrics.

Stakeholder Impact

• Shareholders may view the executive's participation in the EDIP as a positive sign, aligning management's interests with the company's long-term performance.
• Employees may see the EDIP as a competitive benefit, potentially improving morale and retention.

Key Dates

Keywords

Form 4, beneficial ownership, Tamara S. Newcombe, Fortive Corp, FTV, Executive Deferred Incentive Program, EDIP, derivative securities, phantom shares, stock fund, dividend accruals