Fortive Corp
For the period ended Mar 28, 2025. Filed May 1, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 28, 2025 · Filed May 1, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unregistered Sales of Equity Securities and Use of Proceeds
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
On February 17, 2022, the Company’s Board of Directors approved a share repurchase program authorizing the Company to repurchase up to 20 million shares of the Company’s outstanding common stock from time to time on the open market or in privately negotiated transactions. On January 23, 2024, the Company’s Board of Directors increased the number of shares authorized under the share repurchase program by an additional 11 million shares. As of March 28, 2025, there were 5.5 million shares remaining authorized under the share repurchase program. There is no expiration date for the repurchase program, and the timing and amount of repurchases under the program are determined by the Company’s management based on market conditions and other factors. The repurchase program may be suspended or discontinued at any time by the Board of Directors. During the fiscal quarter ended March 28, 2025, the Company purchased 2.5 million shares of its common stock at an average share price of $81.01.
The following table provides details about our share repurchases during the fiscal quarter ended March 28, 2025.
| Period | Total numberof shares(or units)purchased | Average pricepaid per share(or unit) | Total numberof shares (or units)purchasedas part of publiclyannounced plans orprograms | Maximum number(or approximate dollarvalue) of shares(or units) that may yet bepurchased under theplans or programs |
|---|---|---|---|---|
| January 1 - January 31 | — | $— | N/A | N/A |
| February 1 - February 28 | 2,500,000 | 81.01 | 2,500,000 | 5,490,143 |
| March 1 - March 28 | — | — | N/A | N/A |
| Total | 2,500,000 | $81.83 | 2,500,000 | 5,490,143 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.