Charles E. McLaughlin - 15 Jul 2024 Form 4 Insider Report for Fortive Corp (FTV)

Role: SVP - Chief Financial Officer
Signature: Daniel B. Kim, as attorney-in-fact
Issuer symbol: FTV
Transactions as of: 15 Jul 2024
Net transactions value: -$259,342
Form type: 4
Filing time: 16 Jul 2024, 20:27:11 UTC
Previous filing: 01 Jul 2024
Next filing: 16 Sep 2024
SEC: View on sec.gov

Quoteable Key Fact

"Charles E. McLaughlin filed Form 4 for Fortive Corp (FTV) on 16 Jul 2024."

Quick Takeaways

This page summarizes Charles E. McLaughlin's Form 4 filing for Fortive Corp (FTV).
3 reported transactions and 1 derivative row are listed below.
Filing timestamp: 16 Jul 2024, 20:27.

What Changed

Previous filing in this sequence was filed on 01 Jul 2024.
Current net transaction value: -$259,342.

Why This Matters

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.

Source Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Transactions Table

FTV transaction

Common Stock

Options Exercise

Transaction value: $470,408
Shares: +14,816
Change %: +20%
Price: $31.75
Shares after: 89,828
Date: 15 Jul 2024
Ownership: Direct
Footnotes: F1

FTV transaction

Common Stock

Tax liability

Transaction value: $729,750
Shares: -9,573
Change %: -11%
Price: $76.23
Shares after: 80,255
Date: 15 Jul 2024
Ownership: Direct
Footnotes: F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

FTV transaction Derivative

Employee Stock Option (Right to Buy)

Options Exercise

Transaction value: $0
Shares: -14,816
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Jul 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 14,816
Exercise price: $31.75
Footnotes: F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Under the terms of the Fortive 2016 Stock Incentive Plan, on the last trading day on which all or a portion of an outstanding option may be exercised, if as of the close of trading on such day the then closing market price of a share of Common Stock exceeds the per share exercise price of such option by at least $.01 (an "Auto-Exercise Eligible Option"), the holder of such option will be deemed to have automatically exercised ("Auto Exercise") such Auto-Exercise Eligible Option as of the close of trading, with the Registrant reducing the number of shares of common stock issued to the holder of such option in an amount necessary to satisfy (1) the exercise price obligation for the Auto-Exercise Eligible Option, and (2) the tax withholding requirements arising upon the Auto Exercise, in each case based on the market price as of the close of trading on the date of Auto Exercise. This transaction is being reported to disclose the Auto Exercise of the corresponding options.
F2	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 July 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 12,318 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.

Content

Under the terms of the Fortive 2016 Stock Incentive Plan, on the last trading day on which all or a portion of an outstanding option may be exercised, if as of the close of trading on such day the then closing market price of a share of Common Stock exceeds the per share exercise price of such option by at least $.01 (an "Auto-Exercise Eligible Option"), the holder of such option will be deemed to have automatically exercised ("Auto Exercise") such Auto-Exercise Eligible Option as of the close of trading, with the Registrant reducing the number of shares of common stock issued to the holder of such option in an amount necessary to satisfy (1) the exercise price obligation for the Auto-Exercise Eligible Option, and (2) the tax withholding requirements arising upon the Auto Exercise, in each case based on the market price as of the close of trading on the date of Auto Exercise. This transaction is being reported to disclose the Auto Exercise of the corresponding options.

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 July 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 12,318 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.