Form 4: Fortive Corp: President & CEO of PT, Tamara S. Newcombe, Reports Changes in Beneficial Ownership

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

Summary

• On March 19, 2025, Tamara S. Newcombe, President & CEO of PT at Fortive Corp, reported changes in beneficial ownership.
• The transaction involved the acquisition of 1,445.183 units of the Executive Deferred Incentive Program (EDIP) Fortive Stock Fund.
• These units are deemed to be invested in notional shares of Fortive's common stock, converting on a one-to-one basis.
• The price per notional share was $75.25.
• Following the transaction, Newcombe directly owns 7,831.401 derivative securities.
• Newcombe immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund.
• Vesting of contributions by the Issuer occurs upon death, retirement after 5 years of service and reaching age 55, or one-tenth per year of participation following five years of participation.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider confidence, but it's not a major market-moving event.

Positives

• The reporting person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund.

Future Outlook

The vested portion of the EDIP Stock Fund is settled in the Issuer's common stock upon termination of employment.

Industry Context

This filing is a routine disclosure related to executive compensation and deferred incentive programs, common in publicly traded companies to align executive interests with shareholder value.

Comparison to Industry Standards

• Executive compensation packages, including deferred incentive programs like Fortive's EDIP, are standard practice among publicly traded companies.
• Companies like Danaher (DHR), a peer of Fortive, also utilize similar deferred compensation plans to incentivize and retain key executives.
• The vesting schedules and terms outlined in Fortive's EDIP appear consistent with industry norms for such programs.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive compensation with company performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Executive Deferred Incentive Program, EDIP, Fortive, Newcombe, Insider Trading