Patrick K. Murphy - 28 Feb 2022 Form 4 Insider Report for Fortive Corp (FTV)

Role: President & CEO of AHS
Signature: Daniel B. Kim, as attorney-in-fact
Issuer symbol: FTV
Transactions as of: 28 Feb 2022
Net transactions value: +$1,343,562
Form type: 4
Filing time: 02 Mar 2022, 18:34:30 UTC
Previous filing: 28 Feb 2022
Next filing: 28 Mar 2022
SEC: View on sec.gov

Key filing fact

Patrick K. Murphy filed Form 4 for Fortive Corp (FTV) on 02 Mar 2022.

Key facts

This page summarizes Patrick K. Murphy's Form 4 filing for Fortive Corp (FTV).
4 reported transactions and 1 derivative row are listed below.
Filing timestamp: 02 Mar 2022, 18:34.

Change

Previous filing in this sequence was filed on 28 Feb 2022.
Current net transaction value: +$1,343,562.

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.

See Original Filing

Transactions Table

FTV transaction

Common Stock

Award

Transaction value
Shares: +6,850
Change %: +13%
Price
Shares after: 59,502
Date: 28 Feb 2022
Ownership: Direct
Footnotes: F1, F2

FTV transaction

Common Stock

Award

Transaction value
Shares: +3,765
Change %: +6.3%
Price
Shares after: 63,267
Date: 28 Feb 2022
Ownership: Direct
Footnotes: F2, F3

FTV transaction

Common Stock

Award

Transaction value
Shares: +1,263
Change %: +2%
Price
Shares after: 64,530
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: $1,343,562
Shares: +20,750
Change %
Price: $64.75
Shares after: 20,750
Date: 28 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 20,750
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 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.