Jonathan L. Schwarz - Sep 24, 2021 Form 4 Insider Report for Fortive Corp (FTV)

Role
SVP - Corporate Development
Signature
Daniel B. Kim, as attorney-in-fact
Stock symbol
FTV
Transactions as of
Sep 24, 2021
Transactions value $
$321
Form type
4
Date filed
9/28/2021, 04:40 PM
Previous filing
Jun 29, 2021
Next filing
Nov 17, 2021

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 FTV Executive Deferred Incentive Program - Fortive Stock Fund Award $321 +4.38 +0.1% $73.26 4.59K Sep 24, 2021 Common Stock 4.38 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities are notional dividend accruals on phantom shares in the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP"). The number of phantom shares accrued as a result of such notional dividend accruals is based on the closing price of the Issuer's common stock as reported on the NYSE on the date such dividend accruals are credited to the EDIP Stock Fund, which is the price shown in Table II, Column 8 above.
F2 The notional shares convert on a one-to-one basis.
F3 The Reporting Person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's death, or upon retirement following at least 5 years of service with the Issuer and reaching the age of 55, or, if earlier, one-tenth per year of participation following five years of participation, in each case in accordance with the EDIP. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock.