0001659166-24-000083.txt : 20240314
0001659166-24-000083.hdr.sgml : 20240314
20240314205607
ACCESSION NUMBER: 0001659166-24-000083
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240313
FILED AS OF DATE: 20240314
DATE AS OF CHANGE: 20240314
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Simmons Edward Read
CENTRAL INDEX KEY: 0001843981
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37654
FILM NUMBER: 24752224
MAIL ADDRESS:
STREET 1: 6920 SEAWAY BLVD
CITY: EVERETT
STATE: WA
ZIP: 98203
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Fortive Corp
CENTRAL INDEX KEY: 0001659166
STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
ORGANIZATION NAME: 08 Industrial Applications and Services
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 6920 SEAWAY BLVD.
CITY: EVERETT
STATE: WA
ZIP: 98203
BUSINESS PHONE: (425) 446-5000
MAIL ADDRESS:
STREET 1: 6920 SEAWAY BLVD.
CITY: EVERETT
STATE: WA
ZIP: 98203
FORMER COMPANY:
FORMER CONFORMED NAME: TGA Holding Corp.
DATE OF NAME CHANGE: 20151123
4
1
wk-form4_1710464156.xml
FORM 4
X0508
4
2024-03-13
0
0001659166
Fortive Corp
FTV
0001843981
Simmons Edward Read
6920 SEAWAY BLVD
EVERETT
WA
98203
0
1
0
0
SVP - Strategy
0
Executive Deferred Incentive Program - Fortive Stock Fund
2024-03-06
5
A
0
E
122.761
84.23
A
Common Stock
122.761
3081.503
D
Executive Deferred Incentive Program - Fortive Stock Fund
2024-03-13
4
A
0
844.255
85.46
A
Common Stock
844.255
3925.758
D
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.
The notional shares convert on a one-to-one basis.
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.
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.
Daniel B. Kim, attorney-in-fact
2024-03-14