Wright Lassiter III - 06 Jun 2023 Form 4 Insider Report for Fortive Corp (FTV)

Role: Director
Issuer symbol: FTV
Report date: 06 Jun 2023
Net transaction value: +$115,128
Form type: 4
Accepted by SEC: 08 Jun 2023, 17:43:05 UTC
Previous filing: 19 May 2023
Next filing: 20 May 2024
SEC filing: View on sec.gov
Reporting owner signature: Daniel B. Kim, as attorney-in-fact

Key filing fact

Wright Lassiter III filed Form 4 for Fortive Corp (FTV) on 08 Jun 2023.

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: 08 Jun 2023, 17:43.

Change

Previous filing in this sequence was filed on 19 May 2023.
Current net transaction value: +$115,128.

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

Reported non-derivative transactions

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

FTV transaction

Common Stock

Award

Transaction value: $0
Shares: +2,290
Change %: +47%
Price: $0.000000
Shares after: 7,130
Date: 06 Jun 2023
Ownership: Direct
Footnotes: F1

FTV transaction

Common Stock

Award

Transaction value: $115,128
Shares: +1,755
Change %: +25%
Price: $65.60
Shares after: 8,885
Date: 06 Jun 2023
Ownership: Direct
Footnotes: F2

Reported derivative securities

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

FTV transaction Derivative

Director Stock Option (Right to Buy)

Award

Transaction value: $0
Shares: +2,310
Change %
Price: $0.000000
Shares after: 2,310
Date: 06 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,310
Exercise price: $67.23

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

On June 6, 2023, the Issuer granted to the Reporting Person restricted stock units ("Annual Grant RSUs") of the Issuer in the amount indicated as a 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 2024 annual meeting of the stockholders, with the underlying shares to be delivered upon vesting.

Footnote F2

On June 6, 2023, 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 $65.60, pursuant to deferral election made by the Reporting Person of $115,000 in 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 2024 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.