Form 4: Veralto Corp Director Honeycutt Reports Changes in Beneficial Ownership

Jennifer Honeycutt, a director and President and CEO of Veralto Corp, reports changes in beneficial ownership due to an annual contribution to the Veralto stock fund.

Summary

• On March 8, 2024, Jennifer Honeycutt, a director and President and CEO of Veralto Corp, reported changes in beneficial ownership.
• The changes are due to an annual contribution by Veralto to the Veralto stock fund in Honeycutt's account under the company's deferred compensation program.
• This contribution resulted in the acquisition of 2,856.8 notional shares of Veralto common stock, effectuated on March 11, 2024.
• Following the reported transaction, Honeycutt beneficially owns 47,016.21 derivative securities (Executive Deferred Incentive Program Veralto Stock Fund).

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, indicating stability and alignment of interests. It's a neutral to slightly positive signal.

Positives

• The transaction reflects Veralto's ongoing commitment to its deferred compensation program for executives.

Future Outlook

The vesting terms and distribution of amounts under the deferred compensation program will be summarized in Veralto's annual meeting proxy statement.

Industry Context

Executive compensation and stock ownership are common practices in publicly traded companies to align management interests with shareholder value. Deferred compensation programs are often used to incentivize long-term performance.

Comparison to Industry Standards

• Executive compensation packages, including deferred stock programs, are common across publicly traded companies.
• Companies like Danaher (DHR), a comparable industrial conglomerate, also utilize deferred compensation plans for their executives.
• The specific details of Veralto's plan, such as vesting schedules and contribution amounts, would need to be compared to industry benchmarks to assess its competitiveness.

Stakeholder Impact

• The transaction aligns executive interests with shareholder value through stock ownership.
• Employees participating in the deferred compensation program benefit from company contributions to their accounts.

Next Steps

• Details of the deferred compensation program will be summarized in Veralto's upcoming annual meeting proxy statement.

Key Dates