James A. Lico - Feb 27, 2023 Form 4 Insider Report for Fortive Corp (FTV)

Role
President and CEO, Director
Signature
Daniel B. Kim, as attorney-in-fact
Stock symbol
FTV
Transactions as of
Feb 27, 2023
Transactions value $
$0
Form type
4
Date filed
3/1/2023, 03:55 PM
Previous filing
Feb 27, 2023
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTV Common Stock Award +45.9K +18.86% 290K Feb 27, 2023 Direct F1, F2
transaction FTV Common Stock Award +10.7K +3.71% 300K Feb 27, 2023 Direct F3, F4
holding FTV Common Stock 198K Feb 27, 2023 By Grantor Retained Annuity Trust
holding FTV Common Stock 19.8K Feb 27, 2023 By 401(k) F5

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 $0 +139K $0.00 139K Feb 27, 2023 Common Stock 139K $66.62 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 27, 2023, the Compensation Committee (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 RSUs are payable in shares of common stock on a one-to-one basis.
F3 On February 20, 2020, 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 27, 2023 that the performance criteria of the PSUs have been achieved. The shares remain subject to a two-year holding period requirement.
F4 PSUs are payable in shares of common stock on a one-to-one basis.
F5 Based on a plan statement dated as of February 28, 2023.
F6 One half of the options granted vest on each of the third and fourth anniversary of the grant date.