Fortive's Corporate Development Chief Gains $90M+ Stock Award in Performance Win
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fortive Corporation (FTV) reports insider trading activity through a Form 4 filing for Jonathan L. Schwarz, SVP of Corporate Development. On June 27, 2025, Schwarz acquired 8,307 shares of common stock following the achievement of performance criteria for previously awarded Performance Stock Units (PSUs).
Key details of the transaction:
- The PSUs were originally granted on February 27, 2023, by the Compensation Committee
- Shares will vest on the third anniversary of the original grant date
- A one-year holding period requirement applies after vesting
- Following the transaction, Schwarz directly owns 90,238 shares
- The PSUs convert to common stock on a one-to-one basis
This transaction represents the successful achievement of performance targets set for executive compensation, as determined by the Compensation Committee on June 27, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schwarz Jonathan L
Role
SVP - Corporate Development
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,307 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 90,238 shares (Direct)
Footnotes (1)
- On February 27, 2023, the Compensation Committee (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 June 27, 2025 that the performance criteria of the PSUs have been achieved. The shares vest on the third anniversary of the original grant date and remain subject to a one-year holding period requirement thereafter. PSUs are payable in shares of common stock on a one-to-one basis.
FAQ
What position does Jonathan Schwarz hold at FTV?
Jonathan Schwarz serves as Senior Vice President (SVP) - Corporate Development at Fortive Corporation (FTV).
What are the vesting conditions for the FTV PSUs awarded to Jonathan Schwarz?
The Performance Stock Units (PSUs) vest on the third anniversary of the original grant date (February 27, 2023) and are subject to a one-year holding period requirement thereafter. The PSUs were awarded subject to performance criteria, which the Compensation Committee determined were achieved on June 27, 2025.
What is the conversion ratio of FTV PSUs to common stock for this award?
According to the filing, the Performance Stock Units (PSUs) are payable in shares of FTV common stock on a one-to-one basis.