Mark P. Stevenson - Feb 23, 2022 Form 4 Insider Report for THERMO FISHER SCIENTIFIC INC. (TMO)

Role
Retiring Executive VP & COO
Signature
/s/ Melodie T. Morin, Attorney-in-Fact for Mark P. Stevenson
Stock symbol
TMO
Transactions as of
Feb 23, 2022
Transactions value $
-$1,181,376
Form type
4
Date filed
2/25/2022, 04:19 PM
Previous filing
Dec 3, 2021
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TMO Common Stock Award $0 +7K +11.81% $0.00 66.3K Feb 23, 2022 Direct F1
transaction TMO Common Stock Tax liability -$547K -1.04K -1.56% $528.58 65.2K Feb 23, 2022 Direct
transaction TMO Common Stock Tax liability -$634K -1.2K -1.84% $528.58 64K Feb 23, 2022 Direct
holding TMO Common Stock 477 Feb 23, 2022 By 401(k)
holding TMO Common Stock 5.32K Feb 23, 2022 By Grace S. Stevenson Irrevocable Trust
holding TMO Common Stock 5.32K Feb 23, 2022 By Matthew L. Stevenson Irrevocable Trust
holding TMO Common Stock 5.32K Feb 23, 2022 By Jack A. Stevenson Irrevocable Trust
holding TMO Common Stock 15.6K Feb 23, 2022 By GRAT 2021 F2
holding TMO Common Stock 14.2K Feb 23, 2022 By GRAT F3
holding TMO Common Stock 22.3K Feb 23, 2022 By Stevenson 2010 Living Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares represent a performance-based restricted stock unit award granted on February 23, 2021. The Company's Compensation Committee determined on February 23, 2022, that the performance criteria related to this award were satisfied. One-third of the shares vested on February 23, 2022, and one-third of the shares vest on February 23, 2023. The remaining one-third will vest on February 23, 2024, and is subject to adjustment (positive or negative) for long-term performance which is based on the comparison of the Company's total shareholder return compound annual growth rate ("CAGR") to the total shareholder return CAGR of each of the companies in the peer group, as specified within the award agreement, over the measurement period starting on January 1, 2021, through to December 31, 2023.
F2 These shares were previously reported as indirectly beneficially owned under the Stevenson 2010 Living Trust but were contributed to a grantor retained annuity trust ("GRAT 2021") on December 16, 2021.
F3 On December 9, 2020, the reporting person contributed 22,100 shares of TMO common stock from his Stevenson 2010 Living Trust to a grantor retained annuity trust ("GRAT"). On December 16, 2021, 7,938 shares were distributed by the GRAT to the Stevenson 2010 Living Trust and will continue to be reported in this Form 4 as indirectly owned.