Form 4: Fortive Executive Tamara Newcombe Secures Over 21,000 Shares Through Performance Unit Vesting

Fortive Corp's President & CEO of PT, Tamara S. Newcombe, has acquired 21,047 shares of common stock following the achievement of performance criteria for previously awarded Performance Stock Units.

Summary

• Tamara S. Newcombe, President & CEO of PT at Fortive Corp (FTV), acquired 21,047 shares of common stock.
• This acquisition resulted from the achievement of performance criteria for Performance Stock Units (PSUs) awarded in 2023 and 2024.
• On June 27, 2025, the Compensation Committee determined that the performance criteria for these PSUs were met.
• The shares from the February 27, 2023 award (17,485 shares) will vest on the third anniversary of the original grant date (February 27, 2026) and are subject to a one-year holding period thereafter.
• The shares from the February 26, 2024 award (3,562 shares) will vest on the third anniversary of the original grant date (February 26, 2027) and are subject to a one-year holding period thereafter.
• Following these transactions, Ms. Newcombe beneficially owns 126,291 shares of Fortive Corp common stock.

Sentiment

Score: 8

Explanation: The filing indicates successful achievement of performance targets for executive compensation, leading to increased insider ownership, which is generally a positive signal for company performance and management alignment.

Positives

• Achievement of performance criteria for PSUs indicates strong company performance or specific departmental success under Ms. Newcombe's leadership.
• Increased beneficial ownership by a key executive aligns management interests with shareholder interests.
• The vesting and holding period requirements demonstrate a long-term commitment from the executive.

Future Outlook

The document indicates future vesting dates for the acquired shares on February 27, 2026, and February 26, 2027, followed by a one-year holding period for each batch, signaling a long-term incentive structure for the executive.

Industry Context

The use of Performance Stock Units (PSUs) as a compensation mechanism is a common practice across various industries, including industrial technology, to align executive incentives with long-term company performance and shareholder value creation. This filing reflects a standard executive compensation event within the industrial technology sector.

Comparison to Industry Standards

• The structure of executive compensation through Performance Stock Units (PSUs) with multi-year vesting and holding periods is a widely adopted best practice in corporate governance, aiming to align executive incentives with long-term shareholder value.
• While specific comparable companies or projects are not detailed in this filing, similar PSU programs are common at companies like Danaher Corporation (FTV's former parent), Honeywell International, and Siemens AG, which also utilize performance-based equity awards to incentivize their leadership teams based on financial and operational metrics.

Stakeholder Impact

• Shareholders: Positive impact due to increased alignment of executive interests with shareholder value through performance-based equity awards.
• Employees: May signal positive company performance, potentially boosting morale.
• Management: Direct benefit through compensation for achieving performance targets.

Next Steps

• Vesting of 17,485 shares on February 27, 2026, followed by a one-year holding period.
• Vesting of 3,562 shares on February 26, 2027, followed by a one-year holding period.

Key Dates

Keywords

Fortive Corp, FTV, SEC Form 4, Insider Trading, Performance Stock Units, PSUs, Executive Compensation, Stock Ownership, Tamara S. Newcombe, Corporate Governance