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

Reporting relationship: Director
Issuer ticker: FTV
Reported as of: 24 Jan 2022
Net transaction value: +$191,488
SEC form: 4
Accepted by SEC: 26 Jan 2022, 15:34:32 UTC
Prior SEC filing: 07 Jan 2022
Next SEC filing: 10 May 2022
Source filing: View source filing
Reporting owner signature: Daniel B. Kim, as attorney-in-fact

Key filing fact

Wright Lassiter III filed Form 4 for Fortive Corp (FTV) on 26 Jan 2022.

Key facts

This page summarizes Wright Lassiter III's Form 4 filing for Fortive Corp (FTV).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 26 Jan 2022, 15:34.

Change

Previous filing in this sequence was filed on 07 Jan 2022.
Current net transaction value: +$191,488.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FTV transaction

Common Stock

Award

Transaction value: $0
Shares: +615
Change %
Price: $0.000000
Shares after: 615
Date: 24 Jan 2022
Ownership: Direct
Footnotes: F1, F2

FTV transaction

Common Stock

Award

Transaction value: $57,643
Shares: +785
Change %: +128%
Price: $73.43
Shares after: 1,400
Date: 24 Jan 2022
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FTV transaction Derivative

Employee Stock Option (Right to Buy)

Award

Transaction value: $133,846
Shares: +1,860
Change %
Price: $71.96
Shares after: 1,860
Date: 24 Jan 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,860
Exercise price: $71.96

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote F2

RSUs are payable in shares of common stock on a one-to-one basis.

Footnote 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.