Form 4 for VLTO Veralto
Accepted 2023-10-03 00:00:00 ET · period of report 2023-09-30 · accession 0001209191-23-051701 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-10-03 | 2023-09-30+ | VLTO | Honeycutt Jennifer | Pres, CEO, Dir | A - Grant | $0.00 | +119.6K | 17.6K | New | $0 |
| DM | 2023-10-03 | 2023-09-30+ | VLTO | Honeycutt Jennifer | Pres, CEO, Dir | A - Grant | — | +486.6K | 31.9K | 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 | 101,975 | — | 103,150 | D | — | — | (F2) Represents performance stock units and restricted stock units ("RSUs") issued by Danaher and converted into RSUs of Veralto. 77,342 RSUs have vested and 24,633 remain unvested as of the Spin-off, including (i) 12,273 RSUs vesting in five equal annual installments beginning on February 24, 2020, (ii) 3,443 RSUs vesting in three equal annual installments beginning on May 15, 2022 and (iii) 21,028 RSUs vesting in four equal annual installments beginning on February 24, 2024. The exact number of such shares that relate to previously granted performance share units is estimated for purposes of this Form 4; however the final performance metrics have not yet been finally calculated and could result in a change of the number of shares. If the number of shares changes, an amended form 4 will be filed by the Reporting Person. (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 | Common | Common Stock | 2023-10-02 | A | A | 17,624 | $0.00 | 17,624 | D | — | — | (F4) Represents (i) 14,686 RSUs granted in connection with the Separation that will vest in two equal annual installments beginning October 2, 2026, and (ii) 2,938 RSUs granted in connection with the Separation that will vest in three equal annual installments beginning on October 2, 2024, subject to continued employment. |
| 3 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 39,570 | — | 39,570 | D | $37.92 · — to 2029-02-24 | 39,570 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"). (F6) Represents stock options that vest in five equal annual installments beginning on February 24, 2020, subject to continued employment. |
| 4 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 36,068 | — | 36,068 | D | $62.93 · — to 2030-07-15 | 36,068 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"). (F9) Represents stock options that vest in three equal annual installments beginning on July 15, 2023, subject to continued employment. |
| 5 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 9,877 | — | 9,877 | D | $74.51 · — to 2031-02-24 | 9,877 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"). (F10) Represents stock options that vest in three equal annual installments beginning on February 24, 2024, subject to continued employment. |
| 6 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 53,309 | — | 53,309 | D | $74.51 · — to 2031-02-24 | 53,309 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"). (F11) Represents stock options that vest in two equal annual installments beginning on February 24, 2025, subject to continued employment. |
| 7 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 51,175 | — | 51,175 | D | $90.73 · — to 2032-02-24 | 51,175 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"). (F11) Represents stock options that vest in two equal annual installments beginning on February 24, 2025, subject to continued employment. |
| 8 | 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"). (F12) Represents stock options that vest in two equal annual installments beginning on February 24, 2026, subject to continued employment. |
| 9 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 33,183 | — | 33,183 | D | $85.12 · — to 2033-10-02 | 33,183 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"). (F13) Represents stock options granted in connection with the Separation that will vest in two equal annual installments beginning on October 2, 2026, subject to continued employment. |
| 10 | Derivative | Employee stock option (right to buy) | 2023-10-02 | A | A | 6,637 | — | 6,637 | D | $85.12 · — to 2033-10-02 | 6,637 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"). (F14) Represents employee stock options granted in connection with the Separation that will vest in three equal annual installments beginning on October 2, 2024, subject to continued employment. |
| 11 | Derivative | Veralto Exec Deferred Incentive Program - Veralto Stock Fund | 2023-09-30 | A | A | 44,160 | — | 44,160 | D | $0.00 · — to — | 44,160 Common stock | (F15) Represents phantom shares in Veralto's stock fund (the "EDIP Stock Fund") under the Veralto Corporation Executive Deferred Compensation 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"). (F16) The notional shares convert on a one-for-one basis. (F17) The vesting terms and manner and form of distribution of amounts contributed or deferred under the EDIP are based upon the provisions of the plan, which provisions are summarized in the Registration Statement on Form 10 filed by Veralto with the Securities and Exchange Commission. |
| 12 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 11,104 | — | 11,104 | D | $43.79 · — to 2029-05-15 | 11,104 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) Represents stock options that vest in three equal annual installments beginning on May 15, 2022, subject to continued employment. |
| 13 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 38,523 | — | 38,523 | D | $52.40 · — to 2030-02-24 | 38,523 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"). (F8) Represents stock options that vest in three equal annual installments beginning on February 24, 2023, subject to continued employment. |
| 14 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 34,691 | — | 34,691 | D | $33.19 · — to 2028-02-24 | 34,691 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) Represent stock options that are fully vested. |
| 15 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 28,019 | — | 28,019 | D | $22.04 · — to 2026-02-24 | 28,019 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) Represent stock options that are fully vested. |
| 16 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 11,553 | — | 11,553 | D | $26.61 · — to 2026-11-15 | 11,553 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) Represent stock options that are fully vested. |
| 17 | Derivative | Employee stock option (right to buy) | 2023-09-30 | A | A | 31,938 | — | 31,938 | D | $28.76 · — to 2027-02-24 | 31,938 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) Represent stock options that are fully vested. |