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Fortive CEO's $4M+ Performance Award Signals Strong Company Execution

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

James A. Lico, President, CEO, and Director of Fortive, reported the vesting of 54,636 Performance Stock Units (PSUs) on June 27, 2025. The PSUs were originally awarded on February 27, 2023, and their vesting was contingent on meeting specific performance criteria, which has now been achieved as determined by the Compensation Committee.

Following this transaction, Lico's holdings include:

  • 483,221 shares held directly
  • 19,947 shares held indirectly through his 401(k) plan

The vested PSUs are subject to a one-year holding period requirement after the third anniversary of the original grant date. Each PSU converts to one share of common stock. This Form 4 filing represents a significant equity compensation milestone for the executive, reflecting the company's achievement of performance targets set in 2023.

Positive

  • CEO James A. Lico received 54,636 shares after achieving performance criteria for previously awarded PSUs, demonstrating successful execution of performance targets

Negative

  • None.
Insider LICO JAMES A
Role President and CEO
Type Security Shares Price Value
Grant/Award Common Stock 54,636 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 483,221 shares (Direct); Common Stock — 19,947 shares (Indirect, By 401(k))
Footnotes (1)
  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. Based on plan statement dated as of May 31, 2025.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
LICO JAMES A
(Last) (First) (Middle)
6920 SEAWAY BLVD
(Street)
EVERETT WA 98203
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Fortive Corp [ FTV ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
06/27/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/27/2025 A 54,636(1) A (2) 483,221 D
Common Stock 19,947(3) I By 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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.
2. PSUs are payable in shares of common stock on a one-to-one basis.
3. Based on plan statement dated as of May 31, 2025.
Remarks:
Daniel B. Kim, as attorney-in-fact 06/27/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

How many FTV shares did CEO James Lico acquire on June 27, 2025?

According to the Form 4 filing, CEO James Lico acquired 54,636 shares of FTV common stock on June 27, 2025, through the vesting of Performance Stock Units (PSUs) that were originally awarded in February 2023.

What is James Lico's total direct ownership of FTV stock after the June 2025 transaction?

Following the reported transaction, James Lico directly owns 483,221 shares of FTV common stock. He also indirectly owns an additional 19,947 shares through his 401(k) plan as of May 31, 2025.

What are the vesting conditions for FTV's CEO's recently acquired shares?

The PSUs that converted to shares 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 shares were awarded after the Compensation Committee determined that the performance criteria of the PSUs had been achieved.

What positions does James Lico hold at Fortive Corporation (FTV)?

According to the Form 4 filing, James A. Lico serves as both a Director and an Officer (specifically President and CEO) of Fortive Corporation.