Fortive PT President's $2M+ Stock Grant Signals Strong Performance Metrics
Rhea-AI Filing Summary
Fortive Corporation (FTV) reports insider trading activity for Tamara S. Newcombe, President & CEO of PT, involving Performance Stock Units (PSUs) vesting determinations. The Compensation Committee made two key determinations on June 27, 2025:
- 17,485 PSUs originally awarded on February 27, 2023, have met performance criteria
- 3,562 PSUs originally awarded on February 26, 2024, have also achieved performance targets
Following these transactions, Newcombe directly owns 126,291 shares of common stock. The PSUs convert to common stock on a one-to-one basis and are subject to a three-year vesting period from their original grant dates, plus an additional one-year holding period requirement. These awards demonstrate the company's long-term performance-based executive compensation structure.
Positive
- CEO of PT achieved performance targets for PSUs granted in 2023 and 2024, resulting in vesting of 21,047 total shares (17,485 + 3,562 shares), demonstrating successful execution of performance goals
- Executive maintains significant skin in the game with 126,291 shares held directly after the transaction
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Newcombe Tamara S.
Role
President & CEO of PT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 17,485 | $0.00 | -- |
| Grant/Award | Common Stock | 3,562 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 122,729 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. On February 26, 2024, the Committee awarded the Reporting Person 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.
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FAQ
What is Tamara Newcombe's position at Fortive (FTV)?
According to the Form 4 filing, Tamara S. Newcombe serves as President & CEO of PT at Fortive Corporation.
What are the vesting terms for FTV's Performance Stock Units (PSUs) granted to Newcombe?
The PSUs vest on the third anniversary of their original grant dates (February 27, 2023 and February 26, 2024) and are subject to a one-year holding period requirement thereafter. The PSUs are payable in common stock on a one-to-one basis upon achievement of performance criteria.
When did FTV's Compensation Committee determine the performance criteria achievement for Newcombe's PSUs?
The Compensation Committee determined on June 27, 2025 that the performance criteria for both the 2023 and 2024 PSU awards had been achieved.