Charles E. McLaughlin - 28 Feb 2022 Form 4 Insider Report for Fortive Corp (FTV)

Signature
Daniel B. Kim, as attorney-in-fact
Issuer symbol
FTV
Transactions as of
28 Feb 2022
Net transactions value
+$2,799,142
Form type
4
Filing time
02 Mar 2022, 18:31:35 UTC
Previous filing
28 Feb 2022
Next filing
28 Mar 2022

Quoteable Key Fact

"Charles E. McLaughlin filed Form 4 for Fortive Corp (FTV) on 02 Mar 2022."

Quick Takeaways

  • This page summarizes Charles E. McLaughlin's Form 4 filing for Fortive Corp (FTV).
  • 4 reported transactions and 1 derivative row are listed below.
  • Filing timestamp: 02 Mar 2022, 18:31.

What Changed

  • Previous filing in this sequence was filed on 28 Feb 2022.
  • Current net transaction value: +$2,799,142.

Why This Matters

  • 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.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

FTV transaction

Common Stock

Award

Transaction value
Shares
+14,270
Change %
+21%
Price
Shares after
82,820
Date
28 Feb 2022
Ownership
Direct
Footnotes
F1, F2
FTV transaction

Common Stock

Award

Transaction value
Shares
+8,303
Change %
+10%
Price
Shares after
91,123
Date
28 Feb 2022
Ownership
Direct
Footnotes
F2, F3
FTV transaction

Common Stock

Award

Transaction value
Shares
+2,574
Change %
+2.8%
Price
Shares after
93,697
Date
28 Feb 2022
Ownership
Direct
Footnotes
F2, F4

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

FTV transaction Derivative

Common Stock

Award

Transaction value
$2,799,142
Shares
+43,230
Change %
Price
$64.75
Shares after
43,230
Date
28 Feb 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
43,230
Exercise price
$64.75
Footnotes
F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 28, 2022, the Compensation Committee of the Issuer (the "Committee") awarded the Reporting Person Restricted Stock Units ("RSUs"). This transactions is being reported to identify the portion of the RSUs that are subject only to time-based vesting provisions. Pursuant to the terms of the award, additional RSUs may be issued upon determination by the Committee that the corresponding performance criteria have been achieved.
F2 Restricted stock units are payable in shares of common stock on a one-to-one basis.
F3 On February 24, 2021, the Committee awarded the Reporting Person RSUs with the opportunity to earn additional RSUs ("Additional RSUs") upon achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on February 28, 2022 that the performance criteria of the Additional RSUs have been achieved. The Additional RSUs remain subject to time-based vesting provisions.
F4 On February 25, 2019, the Committee awarded the Reporting Person Performance Stock Units ("PSUs") subject to achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on February 28, 2022 that the performance criteria of the PSUs have been achieved. The shares remain subject to a two-year holding period requirement.
F5 One half of the options granted vest on each of the third and fourth anniversary of the grant date.
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