Form 4 for VLTO Veralto
Accepted 2023-10-03 00:00:00 ET · period of report 2023-09-30 · accession 0001209191-23-051698 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-10-03 | 2023-09-30 | VLTO | Aquino Melissa | SVP, Water Quality | A - Grant | — | +28.8K | 29.4K | +5,273% | — |
| DM | 2023-10-03 | 2023-09-30 | VLTO | Aquino Melissa | SVP, Water Quality | A - Grant | — | +78.6K | 2 | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-09-30 | A | A | 28,841 | — | 29,388 | D | — | — | (F2) Represents restricted stock units ("RSUs") issued by Danaher and converted into RSUs of Veralto which remain unvested as of the Spin-off, including (i) 7,813 RSUs vesting in four equal annual installments beginning on February 24, 2024 and (ii) 21,028 RSUs vesting as follows: 50% on February 24, 2024 and the remaining 50% in two equal annual installments beginning on February 24, 2025. (F1) Represents equity awards originally granted by Danaher Corporation ("Danaher") that have been converted into equity awards of Veralto Corporation ("Veralto") in connection with the spin-off of Veralto from Danaher (the "Spin-off"). (F3) Includes shares received in the Spin-off with respect to shares of Danaher common stock held prior to the Spin-off. |
| 2 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 56,829 | — | 56,829 | D | $83.23 · — to 2033-02-24 | 56,829 Common stock | (F1) Represents equity awards originally granted by Danaher Corporation ("Danaher") that have been converted into equity awards of Veralto Corporation ("Veralto") in connection with the spin-off of Veralto from Danaher (the "Spin-off"). (F5) Represents stock options that vest as follows: 50% on February 24, 2024 and the remaining 50% in two equal annual installments beginning on February 24, 2025, subject to continued employment. |
| 3 | Derivative | Veralto Deferred Compensation Program - Veralto Stock Fund | 2023-09-30 | A | A | 663 | — | 663 | D | $0.00 · — to — | 663 Common stock | (F9) Represents phantom shares in Veralto's stock fund (the "DCP Stock Fund") under the Veralto Corporation Deferred Compensation Program (the "DCP"). Upon termination of employment, the vested portion of the DCP Stock Fund is settled in Veralto common stock. (F1) Represents equity awards originally granted by Danaher Corporation ("Danaher") that have been converted into equity awards of Veralto Corporation ("Veralto") in connection with the spin-off of Veralto from Danaher (the "Spin-off"). (F7) The notional shares convert on a one-for-one basis. (F8) The vesting terms and manner and form of distribution of amounts contributed or deferred under the program are based upon the provisions of the respective plan, which provisions are summarized in the Registration Statement on Form 10 filed by Veralto with the Securities and Exchange Commission. |
| 4 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 21,108 | — | 21,108 | D | $83.23 · — to 2033-02-24 | 21,108 Common stock | (F1) Represents equity awards originally granted by Danaher Corporation ("Danaher") that have been converted into equity awards of Veralto Corporation ("Veralto") in connection with the spin-off of Veralto from Danaher (the "Spin-off"). (F4) Represents stock options that vest in three equal annual installments beginning on February 24, 2024, subject to continued employment. |
| 5 | Derivative | Veralto Exec Deferred Incentive Program - Veralto Stock Fund | 2023-09-30 | A | A | 2 | — | 2 | D | $0.00 · — to — | 2 Common stock | (F6) Represents phantom shares in Veralto's stock fund (the "EDIP Stock Fund") under the Veralto Corporation Executive Deferred Incentive Program (the "EDIP"). Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in Veralto common stock. (F1) Represents equity awards originally granted by Danaher Corporation ("Danaher") that have been converted into equity awards of Veralto Corporation ("Veralto") in connection with the spin-off of Veralto from Danaher (the "Spin-off"). (F7) The notional shares convert on a one-for-one basis. (F8) The vesting terms and manner and form of distribution of amounts contributed or deferred under the program are based upon the provisions of the respective plan, which provisions are summarized in the Registration Statement on Form 10 filed by Veralto with the Securities and Exchange Commission. |