Peter C. Underwood - Feb 28, 2022 Form 4 Insider Report for Fortive Corp (FTV)

Role: SVP - General Counsel
Signature: Daniel B. Kim, as attorney-in-fact
Stock symbol: FTV
Transactions as of: Feb 28, 2022
Transactions value $: $1,343,563
Form type: 4
Date filed: 3/2/2022, 06:33 PM
Previous filing: Feb 28, 2022
Next filing: Mar 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FTV	Common Stock	Award		+6.85K	+19.83%		41.4K	Feb 28, 2022	Direct	F1, F2
transaction	FTV	Common Stock	Award		+3.54K	+8.56%		44.9K	Feb 28, 2022	Direct	F2, F3
transaction	FTV	Common Stock	Award		+1.29K	+2.86%		46.2K	Feb 28, 2022	Direct	F2, F4

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	Common Stock	Award	$1.34M	+20.8K		$64.75	20.8K	Feb 28, 2022	Common Stock	20.8K	$64.75	Direct	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 Compensation Committee of the Issuer (the "Committee") awarded the Reporting Person Restricted Stock Units ("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.