Fortive Appoints New CFO, Announces Compensation
Ticker: FTV · Form: 8-K · Filed: Sep 4, 2024 · CIK: 1659166
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
Related Tickers: FTV
TL;DR
Fortive names Mark Johnson new CFO, starting Sept 3rd. He's getting $525k base + bonus + $1.5M equity.
AI Summary
Fortive Corporation announced on August 30, 2024, the appointment of Mark A. Johnson as Senior Vice President and Chief Financial Officer, effective September 3, 2024. Johnson will receive an annual base salary of $525,000 and is eligible for a target annual bonus of 100% of his base salary. He will also be granted equity awards with a target value of $1,500,000.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence. The details of his compensation package provide insight into the company's valuation of this key executive role.
Risk Assessment
Risk Level: medium — Changes in key executive positions, especially the CFO, can introduce uncertainty regarding future financial strategies and performance.
Key Numbers
- $525,000 — CFO Base Salary (Annual base salary for new CFO Mark A. Johnson.)
- 100% — CFO Target Bonus (Target annual bonus percentage for new CFO Mark A. Johnson.)
- $1,500,000 — CFO Equity Award Target (Target value of annual equity awards for new CFO Mark A. Johnson.)
Key Players & Entities
- Fortive Corporation (company) — Registrant
- Mark A. Johnson (person) — Appointed Senior Vice President and Chief Financial Officer
- $525,000 (dollar_amount) — Annual base salary for Mark A. Johnson
- 100% (dollar_amount) — Target annual bonus percentage for Mark A. Johnson
- $1,500,000 (dollar_amount) — Target annual equity award value for Mark A. Johnson
- September 3, 2024 (date) — Effective date of Mark A. Johnson's appointment
- August 30, 2024 (date) — Date of report
FAQ
What is Mark A. Johnson's new role at Fortive Corporation?
Mark A. Johnson has been appointed as Senior Vice President and Chief Financial Officer of Fortive Corporation.
When does Mark A. Johnson's appointment become effective?
Mark A. Johnson's appointment is effective September 3, 2024.
What is Mark A. Johnson's annual base salary?
Mark A. Johnson's annual base salary is $525,000.
What is the target annual bonus for Mark A. Johnson?
Mark A. Johnson is eligible for a target annual bonus of 100% of his base salary.
What is the target value of Mark A. Johnson's equity awards?
Mark A. Johnson will be granted equity awards with a target value of $1,500,000.
Filing Stats: 1,704 words · 7 min read · ~6 pages · Grade level 17.7 · Accepted 2024-09-04 16:45:21
Filing Documents
- d875611d8k.htm (8-K) — 38KB
- d875611dex991.htm (EX-99.1) — 26KB
- g875611g0904213502409.jpg (GRAPHIC) — 4KB
- 0001193125-24-213187.txt ( ) — 240KB
- ftv-20240830.xsd (EX-101.SCH) — 4KB
- ftv-20240830_def.xml (EX-101.DEF) — 13KB
- ftv-20240830_lab.xml (EX-101.LAB) — 22KB
- ftv-20240830_pre.xml (EX-101.PRE) — 14KB
- d875611d8k_htm.xml (XML) — 7KB
Forward-Looking Statements
Forward-Looking Statements terms of the Proposed Spin-Off, the risk that the necessary conditions to consummate the Proposed Spin-Off will n
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Description 99.1 Press Release dated September 4, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FORTIVE CORPORATION By: /s/ Daniel B. Kim Name: Daniel B. Kim Title: Vice President - Associate General Counsel and Secretary Date: September 4, 2024