Gianluca Pettiti - Feb 22, 2023 Form 4 Insider Report for THERMO FISHER SCIENTIFIC INC. (TMO)

Role: Executive Vice President
Signature: /s/ Melodie T. Morin, Attorney-in-Fact for Gianluca Pettiti
Stock symbol: TMO
Transactions as of: Feb 22, 2023
Transactions value $: -$645,162
Form type: 4
Date filed: 2/24/2023, 04:15 PM
Previous filing: Dec 15, 2022
Next filing: Mar 2, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TMO	Common Stock	Award	$0	+1.47K	+10.14%	$0.00	15.9K	Feb 22, 2023	Direct
transaction	TMO	Common Stock	Award	$0	+4.82K	+30.27%	$0.00	20.7K	Feb 22, 2023	Direct	F1
transaction	TMO	Common Stock	Tax liability	-$247K	-449	-2.17%	$550.95	20.3K	Feb 23, 2023	Direct
transaction	TMO	Common Stock	Tax liability	-$398K	-722	-3.56%	$550.95	19.6K	Feb 23, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TMO	Stock Option (Right to Buy)	Award	$0	+9.7K		$0.00	9.7K	Feb 22, 2023	Common Stock	9.7K	$548.40	Direct	F2

* 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, 2022. The Company's Compensation Committee determined on February 22, 2023, that the performance criteria related to this award were satisfied. One-third of the shares vest on February 28, 2023 and 2024. The remaining one-third will vest on February 28, 2025, 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, 2022, through to December 31, 2024.
F2	The option vests in four equal annual installments beginning on February 28, 2024.

Content

Shares represent a performance-based restricted stock unit award granted on February 23, 2022. The Company's Compensation Committee determined on February 22, 2023, that the performance criteria related to this award were satisfied. One-third of the shares vest on February 28, 2023 and 2024. The remaining one-third will vest on February 28, 2025, 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, 2022, through to December 31, 2024.

The option vests in four equal annual installments beginning on February 28, 2024.