Stacey A. Walker - Feb 28, 2024 Form 4 Insider Report for Fortive Corp (FTV)

Signature
Daniel B. Kim, as attorney-in-fact
Stock symbol
FTV
Transactions as of
Feb 28, 2024
Transactions value $
-$824,283
Form type
4
Date filed
3/1/2024, 05:23 PM
Previous filing
Feb 27, 2024
Next filing
Mar 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTV Common Stock Options Exercise $77.8K +2.33K +5.38% $33.36 45.7K Feb 28, 2024 Direct
transaction FTV Common Stock Sale -$788K -9.11K -19.94% $86.50 36.6K Feb 28, 2024 Direct F1
transaction FTV Common Stock Sale -$71.7K -842 -2.3% $85.11 35.7K Feb 29, 2024 Direct F2
transaction FTV Common Stock Tax liability -$42.7K -495 -1.39% $86.29 35.2K Feb 29, 2024 Direct F3

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) Options Exercise $0 -2.33K -100% $0.00* 0 Feb 28, 2024 Common Stock 2.33K $33.36 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $86.33 to $86.56. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F2 The price reported in Table I, Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.105 to $85.110. The Reporting Person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F3 This transaction relates to the withholding of shares for tax purposes in connection with the vesting and distribution of performance stock units.
F4 Prior to the separation of the Issuer from Danaher Corporation ("Danaher") on July 2, 2016 (the "Separation"), one-fifth of the stock options issued by Danaher on November 15, 2014 ("2014 Danaher Options") to the Reporting Person became exercisable on each of the first five anniversaries of the grant date. In connection with the Separation, the 2014 Danaher Options that remained outstanding as of July 2, 2016 were converted into stock options to purchase 1,938 shares of the Issuer's common stock with identical vesting schedule. In addition, the total number of stock options and the exercise price reflect an anti-dilution adjustment applied as a result of the spin-off of Vontier Corporation from the Issuer on October 9, 2020.