0001659166-21-000079.txt : 20210226
0001659166-21-000079.hdr.sgml : 20210226
20210226195101
ACCESSION NUMBER: 0001659166-21-000079
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210224
FILED AS OF DATE: 20210226
DATE AS OF CHANGE: 20210226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McLaughlin Charles E
CENTRAL INDEX KEY: 0001671511
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37654
FILM NUMBER: 21693010
MAIL ADDRESS:
STREET 1: C/O FORTIVE CORPORATION
STREET 2: 6920 SEAWAY BOULEVARD
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]
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
wf-form4_161438704390514.xml
FORM 4
X0306
4
2021-02-24
0
0001659166
Fortive Corp
FTV
0001671511
McLaughlin Charles E
6920 SEAWAY BLVD
EVERETT
WA
98203
0
1
0
0
SVP - Chief Financial Officer
Common Stock
2021-02-24
4
A
0
16605
A
59933
D
Common Stock
2021-02-24
4
A
0
959
A
60892
D
Common Stock
2021-02-24
4
A
0
6331
A
67223
D
Common Stock
2021-02-24
4
M
0
5751
A
72974
D
Common Stock
2021-02-24
4
F
0
2883
67.40
D
70091
D
Employee Stock Option (Right to Buy)
67.64
2021-02-24
4
A
0
58700
0
A
2031-02-24
Common Stock
58700.0
58700
D
Restricted Stock Unit
2021-02-24
4
M
0
5751
0
D
Common Stock
5751.0
0
D
On February 24, 2021, the Compensation Committee of the Issuer (the "Committee") awarded the Reporting Person Restricted Stock Units ("RSUs"). This transactions is being reported to identify the portion of the RSUs that are subject only to time-based vesting provisions. Pursuant to the terms of the award, additional RSUs may be issued upon determination by the Committee that the corresponding performance criteria have been achieved.
Restricted stock units are payable in shares of common stock on a one-to-one basis.
On February 20, 2020, the the Committee awarded the Reporting Person RSUs with the opportunity to earn additional RSUs ("Additional RSUs") upon achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on February 24, 2021 that the performance criteria of the Additional RSUs have been achieved. The Additional RSUs remain subject to time-based vesting provisions.
On February 22, 2018, the Committee awarded the Reporting Person Performance Stock Units ("PSUs") subject to achievement of corresponding performance criteria. This transaction is being reported in connection with the determination by the Committee on February 24, 2021 that the performance criteria of the PSUs have been achieved. The shares remain subject to a two-year holding period requirement.
This transaction relates to the withholding of shares for tax purposes in connection with the vesting and distribution of restricted stock units.
One half of the options granted vest on each of the third and fourth anniversary of the grant date.
In connection with the separation of the Issuer from Danaher Corporation ("Danaher"), Restricted Stock Units issued by Danaher on February 24, 2016 to the Reporting Person that remained unvested as of July 2, 2016 were converted into 23,921 Restricted Stock Units of the Issuer vesting in five equal annual installments beginning on February 24, 2017. In addition, the total number of Restricted Stock Units of the Issuer reflect an anti-dilution adjustment applied as a result of the spin-off on Vontier from the Issuer on October 9, 2020.
Daniel B. Kim, as attorney-in-fact
2021-02-26