Fortive (FTV) HR chief records small EDIP phantom share accrual
Rhea-AI Filing Summary
Desjourdy Amee reported acquisition or exercise transactions in this Form 4 filing.
Fortive Corp senior vice president and chief people officer Amee Desjourdy received an automatic credit of 1.18 phantom shares in the Executive Deferred Incentive Program’s Fortive Stock Fund. These notional dividend accruals were valued at $53.92 per share and track Fortive common stock on a one-to-one basis.
After this accrual, Desjourdy’s EDIP Stock Fund balance increased to 1,064.16 phantom shares. Vested amounts in this deferred plan are ultimately settled in Fortive common stock upon eligible termination of employment under the program’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Fortive Stock Fund | 1.18 | $53.92 | $63.63 |
Footnotes (1)
- The reported securities are notional dividend accruals on phantom shares in the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP"). The number of phantom shares accrued as a result of such notional dividend accruals is based on the closing price of the Issuer's common stock as reported on the NYSE on the date such dividend accruals are credited to the EDIP Stock Fund, which is the price shown in Table II, Column 8 above. The notional shares convert on a one-to-one basis. The Reporting Person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. 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.
Key Figures
Key Terms
Executive Deferred Incentive Program financial
notional dividend accruals financial
EDIP Stock Fund financial
vested portion financial
FAQ
What did Fortive (FTV) executive Amee Desjourdy report in this Form 4?
Is the Form 4 transaction for Fortive (FTV) an open-market buy or a compensation accrual?