Fortive CFO acquires 4.88 phantom shares
Fortive Corp SVP - Chief Financial Officer Mark D. Okerstrom acquired 4.8800 phantom shares through notional dividend accruals credited to the EDIP Stock Fund on September 25, 2026.
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Rhea-AI Filing Summary
Fortive Corp SVP - Chief Financial Officer Mark D. Okerstrom acquired 4.8800 phantom shares through notional dividend accruals credited to the EDIP Stock Fund on September 25, 2026. The accrual was based on Fortive common stock’s $56.0900 closing price. His reported position afterward was 3,914.6860 phantom shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Executive Deferred Incentive Program - Fortive Stock Fund F1, F2, F3 | 4.88 | $56.09 | $273.72 |
Footnotes (3)
- F1. The reported securities are notional dividend accruals on phantom shares in the Fortive stock fund (the "EDIP Stock Fund") under Fortive's Executive Deferred Incentive Program (the "EDIP"). The number of phantom shares accrued as a result of such notional dividend accruals is based on the closing price of the Issuer's common stock as reported on the NYSE on the date such dividend accruals are credited to the EDIP Stock Fund, which is the price shown in Table II, Column 8 above.
- F2. The notional shares convert on a one-to-one basis.
- F3. The Reporting Person immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Reporting Person will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's death, or upon retirement following at least 5 years of service with the Issuer and reaching the age of 55, or, if earlier, one-tenth per year of participation following five years of participation, in each case in accordance with the EDIP. Upon termination of employment, the vested portion of the EDIP Stock Fund is settled in the Issuer's common stock.
Key Figures
Key Terms
notional dividend accruals financial
EDIP Stock Fund financial
one-to-one basis technical
FAQ
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What are the vesting terms for Fortive (FTV) EDIP contributions?
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