Wright Lassiter III - 24 Jan 2022 Form 4 Insider Report for Fortive Corp (FTV)

Role: Director
Signature: Daniel B. Kim, as attorney-in-fact
Issuer symbol: FTV
Transactions as of: 24 Jan 2022
Net transactions value: +$191,488
Form type: 4
Filing time: 26 Jan 2022, 15:34:32 UTC
Previous filing: 07 Jan 2022
Next filing: 10 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTV	Common Stock	Award	$0	+615		$0.000000	615	24 Jan 2022	Direct	F1, F2
transaction	FTV	Common Stock	Award	$57,643	+785	+128%	$73.43	1,400	24 Jan 2022	Direct	F3

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	Employee Stock Option (Right to Buy)	Award	$133,846	+1,860		$71.96	1,860	24 Jan 2022	Common Stock	1,860	$71.96	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On January 24, 2022, the Issuer granted to the Reporting Person restricted stock units ("Annual Grant RSUs") of the Issuer in the amount indicated as prorated portion of the annual equity grant made to the Reporting Person. Since the Annual Grant RSUs are payable solely in common stock, they are being reported in Table I of this Form 4. The Annual Grant RSUs vest on the earlier of the first anniversary of the grant date or the date of the Issuer's 2022 annual meeting of the stockholders, but the underlying shares will not be issued until the earlier of the Reporting Person's death or the first day of the seventh month following the Reporting Person's retirement from the Board of Directors of the Issuer.
F2	RSUs are payable in shares of common stock on a one-to-one basis.
F3	On January 24, 2022, the Issuer granted to the Reporting Person restricted stock units ("Deferral RSUs") of the Issuer in the amount indicated, based on a 20-day average price of $73.43, pursuant to deferral election made by the Reporting Person of $57,500 in prorated annual retainer that would otherwise have been paid in cash. Since the Deferral RSUs are payable solely in common stock, they are being reported in Table I of this Form 4. The Deferral RSUs vest on the earlier of the first anniversary of the grant date or the date of the Issuer's 2022 annual meeting of the stockholders, but the underlying shares will not be issued until the earlier of the Reporting Person's death or the first day of the seventh month following the Reporting Person's retirement from the Board of Directors of the Issuer.