Fortive officer adds phantom shares in deferred plan

Fortive Corp executive Christopher M. Mulhall, the VP and Chief Accounting Officer, reported routine compensation-related accruals in the company’s Executive Deferred Incentive Program stock fund.

Rhea-AI Filing Summary

Fortive Corp executive Christopher M. Mulhall, the VP and Chief Accounting Officer, reported routine compensation-related accruals in the company’s Executive Deferred Incentive Program stock fund. On July 6, 2026, he acquired 6.050 phantom shares directly and 1.610 phantom shares indirectly through his spouse, both based on a $63.60 share price. These notional dividend accruals track Fortive common stock one-for-one and are settled in shares of common stock when vested and paid under the plan.

Insider Trade Summary

Grant/Award: 7.66 shares

Grant/Award 2 txns

Insider Mulhall Christopher M.

Role VP - Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Executive Deferred Incentive Program - Fortive Stock Fund	6.05	$63.60	$384.78
Grant/Award	Executive Deferred Incentive Program - Fortive Stock Fund	1.61	$63.60	$102.40

Holdings After Transaction: Executive Deferred Incentive Program - Fortive Stock Fund — 6,419.493 contracts (Direct); Executive Deferred Incentive Program - Fortive Stock Fund — 1,707.935 contracts (Indirect, By Spouse)

Footnotes (3)

1. 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.
2. F2. The notional shares convert on a one-to-one basis.
3. F3. The Reporting Person or the spouse of the Reporting Person, as applicable, immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Reporting Person or the spouse of the Reporting Person, as applicable, will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's or Reporting Person's spouse's death, as applicable, 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

Direct phantom shares acquired: 6.050 shares Indirect phantom shares acquired (spouse): 1.610 shares Direct EDIP phantom balance after transaction: 6,419.493 shares +3 more

6 metrics

Direct phantom shares acquired 6.050 shares Executive Deferred Incentive Program stock fund on July 6, 2026

Indirect phantom shares acquired (spouse) 1.610 shares Executive Deferred Incentive Program stock fund on July 6, 2026

Direct EDIP phantom balance after transaction 6,419.493 shares Total phantom shares following direct transaction

Indirect EDIP phantom balance after transaction 1,707.935 shares Total phantom shares following spouse transaction

Reference share price $63.60 per share Fortive NYSE closing price used for dividend accrual calculation

Conversion ratio 1:1 EDIP phantom shares convert one-for-one into Fortive common stock

Key Terms

Executive Deferred Incentive Program, phantom shares, notional dividend accruals, EDIP Stock Fund, +1 more

5 terms

Executive Deferred Incentive Program financial

"under Fortive's Executive Deferred Incentive Program (the "EDIP")."

phantom shares financial

"notional dividend accruals on phantom shares in the Fortive stock fund"

Phantom shares are a form of employee or executive compensation that mimics the economic value of owning company stock without actually issuing real shares; holders receive cash or equivalent payments tied to the company’s share price or dividends. Think of it like a receipt that pays out if the stock rises — it aligns managers’ interests with shareholders but does not dilute ownership, while creating a future cash obligation that investors should watch as it can affect company cash flow and valuation.

notional dividend accruals financial

"reported securities are notional dividend accruals on phantom shares"

EDIP Stock Fund financial

"credited to the EDIP Stock Fund, which is the price shown"

vested portion financial

"Upon termination of employment, the vested portion of the EDIP Stock Fund"

FAQ

What did Fortive (FTV) officer Christopher Mulhall report in this Form 4?

He reported routine compensation-related accruals in Fortive’s Executive Deferred Incentive Program stock fund, acquiring small amounts of phantom shares that mirror Fortive common stock value and are settled in stock when vested and distributed under the plan’s terms.

How many Fortive-related phantom shares did Christopher Mulhall acquire in this filing?

He acquired 6.050 phantom shares directly and 1.610 phantom shares indirectly through his spouse. After these notional dividend accruals, his reported balances in the related accounts rose to 6,419.493 and 1,707.935 phantom shares, respectively.

What is the Executive Deferred Incentive Program (EDIP) Stock Fund at Fortive (FTV)?

The EDIP Stock Fund holds notional or phantom shares tied to Fortive’s common stock for deferred compensation. Dividend equivalents are credited based on Fortive’s NYSE closing price, and vested balances are settled in Fortive common stock when paid under the plan’s distribution provisions.

At what price were the Fortive EDIP phantom share accruals calculated in this Form 4?

The phantom share accruals were based on Fortive’s common stock closing price of $63.60 on the New York Stock Exchange. That price determined how many new phantom shares were credited as notional dividend equivalents under the Executive Deferred Incentive Program stock fund.

How do Fortive (FTV) EDIP phantom shares convert into common stock?

The notional shares in the EDIP Stock Fund convert into Fortive common stock on a one-to-one basis. Upon termination of employment, the vested portion of a participant’s EDIP Stock Fund balance is settled in shares of Fortive common stock according to the plan’s rules.

What are the vesting terms for Fortive’s EDIP Stock Fund contributions?

Participants or their spouses vest immediately in voluntary contributions to the EDIP Stock Fund. Contributions made by Fortive vest upon certain conditions such as death, qualifying retirement after age 55 with sufficient service, or gradually after years of participation, as described in the plan.

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Accepted by SEC EDGAR 07/07/2026 - 04:47 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mulhall Christopher M.

(Last) (First) (Middle)

6920 SEAWAY BLVD

(Street)

EVERETT WASHINGTON 98203

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Fortive Corp [ FTV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP - Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/06/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Executive Deferred Incentive Program - Fortive Stock Fund(1)	(2)	07/06/2026		A	V	6.05		(3)	(3)	Common Stock	6.05	$63.6	6,419.493	D
Executive Deferred Incentive Program - Fortive Stock Fund(1)	(2)	07/06/2026		A	V	1.61		(3)	(3)	Common Stock	1.61	$63.6	1,707.935	I	By Spouse

Explanation of Responses:

1. 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.

2. The notional shares convert on a one-to-one basis.

3. The Reporting Person or the spouse of the Reporting Person, as applicable, immediately vests in 100% of each voluntary contribution to the EDIP Stock Fund. The Reporting Person or the spouse of the Reporting Person, as applicable, will vest in all contributions to the EDIP Stock Fund by the Issuer as follows: 100% upon the earlier of the Reporting Person's or Reporting Person's spouse's death, as applicable, 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.

Remarks:

	Daniel B. Kim, as attorney-in-fact	07/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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* Form 4: SEC 1474 (03-26)