Form 4: Veralto Corp Executive Receives Annual Stock Contribution

Surekha Trivedi, SVP at Veralto Corp, reports an acquisition of 524 shares of Veralto stock through the company's deferred compensation program.

Summary

• Surekha Trivedi, SVP, Strategy & Sustainability at Veralto Corp, reported a transaction on March 8, 2024, where 524 shares were acquired through the Executive Deferred Incentive Program (Veralto Stock Fund).
• The acquisition represents the annual contribution by Veralto to the Veralto stock fund in the reporting person's account under one or more of the plans that form part of Veralto's deferred compensation program and effectuated on March 11, 2024 by the plan administrator.
• The company contributions are deemed to be invested in a number of unfunded, notional shares of Veralto common stock as of February 1, 2024.
• Following the transaction, Trivedi beneficially owns 1,715.52 shares.
• The notional shares convert on a one-for-one basis.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, indicating a stable and ongoing program. This is generally viewed positively as it aligns executive interests with shareholder value.

Positives

• The transaction reflects Veralto's ongoing commitment to its executive compensation program.

Future Outlook

The vesting terms and manner and form of the distribution of amounts contributed or deferred under the program are based upon provisions of the Company's registration statement on Form 10, which provisions will be summarized in the Veralto Corporation annual meeting proxy statement on Schedule 14A as filed with the Securities and Exchange Commission.

Industry Context

Executive compensation through stock grants is a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly listed companies, including Veralto's peers in the industrial and technology sectors.
• Companies like Danaher, Fortive, and Roper Technologies also utilize stock-based compensation plans to incentivize their executives.

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 stock fund.

Next Steps

• The vesting terms and distribution of amounts will be detailed in the Veralto Corporation annual meeting proxy statement on Schedule 14A.

Key Dates