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Fortive PT President's $2M+ Stock Grant Signals Strong Performance Metrics

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

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.
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*
Newcombe Tamara S.

(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
President & CEO of PT
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 17,485(1) A (2) 122,729 D
Common Stock 06/27/2025 A 3,562(3) A (2) 126,291 D
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. 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.
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.

FAQ

How many FTV shares did Tamara Newcombe acquire on June 27, 2025?

Tamara Newcombe acquired a total of 21,047 shares of FTV common stock on June 27, 2025, consisting of 17,485 shares from a 2023 PSU award and 3,562 shares from a 2024 PSU award.

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.

How many FTV shares does Tamara Newcombe own after the June 27, 2025 transactions?

Following the reported transactions, Tamara Newcombe directly owns 126,291 shares of Fortive Corporation (FTV) common stock.

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.
Fortive Corp

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17.87B
306.54M
Scientific & Technical Instruments
Industrial Instruments for Measurement, Display, and Control
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United States
EVERETT