Edward Read Simmons - Mar 13, 2024 Form 4 Insider Report for Fortive Corp (FTV)

Signature
Daniel B. Kim, attorney-in-fact
Stock symbol
FTV
Transactions as of
Mar 13, 2024
Transactions value $
$82,490
Form type
4
Date filed
3/14/2024, 08:56 PM
Previous filing
Mar 6, 2024
Next filing
Mar 29, 2024

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 Executive Deferred Incentive Program - Fortive Stock Fund Award $10.3K +123 +4.15% $84.23 3.08K Mar 6, 2024 Common Stock 123 Direct F1, F2, F3
transaction FTV Executive Deferred Incentive Program - Fortive Stock Fund Award $72.2K +844 +27.4% $85.46 3.93K Mar 13, 2024 Common Stock 844 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to the terms of Fortive's Executive Deferred Incentive Plan (the "EDIP"), the value of restoration contribution made by the Issuer through unfunded, notional shares of the Issuer's common stock reflect the identical amount of contribution that the Issuer would have made to the Reporting Person's 401(k) retirement account pursuant to the terms of the Company's savings plan had the amount of salary deferred by the Reporting Person in his EDIP account had instead been contributed by the Participant to his 401(k) retirement account.
F2 The notional shares convert on a one-to-one basis.
F3 The Reporting Person immediately vests in 100% of each voluntary contribution to the Fortive stock fund (the "EDIP Stock Fund") under the EDIP. The Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's death, or upon retirement following at least 5 years of service with the Issuer and reaching the age of 55, or, if earlier, one-tenth per year of participation following five years of participation, in each case in accordance with the EDIP. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock.
F4 Compensation deferred or contributed into the EDIP Stock Fund is deemed to be invested in a number of unfunded, notional shares of the Issuer's common stock based on the closing price of such common stock as reported on the NYSE on the date such compensation is credited to the EDIP Stock Fund (or the closing price for the immediately preceding business day, if such date is not a business day), which closing price is shown in Table II, Column 8.